Press release | Hamburg, June 2020
Neofin Hamburg GmbH, the law firm Fin Law, which specializes in security token offerings (STO), and the Ive.One platform of FinTech Agora Innovation, both based in Frankfurt am Main, will jointly offer companies the complete service spectrum for the issuance of digital securities on the Blockchain.
Patrick Schütze, Managing Director of Neofin Hamburg, is responsible for the coordination and sales of the issuance projects and sees the decisive difference to competitors here: “Our issuers benefit, among other things, from the fact that we have a complete sales network that covers both the DACH region and Asia”.
The central technical solutions are developed by Agora Innovation GmbH: “Within the scope of this cooperation, we are use our global investment and issuance platform Ive.One as the technical environment for the tokenization projects. It was developed by us specifically for legally compliant issues of digital securities via blockchain solutions and is characterized by its ease of use for both issuers and investors,” says Agora founder and CEO Phong Dao.
Lutz Auffenberg, LL.M. from the law firm Fin Law, which specialises in the tokenisation of financial instruments, will provide the capital market supervisory support for the issuing projects. He also emphasizes the advantages of the cooperation between the three service providers: “The success of tokenized investment products requires high-quality legal support as well as flawless technical implementation and, finally, a functioning sales force.
Sales start for the first digital securities issue in July
The securities prospectus for the first issue of a digital security is currently in the approval process. The Issuer as well as the advisors have decided in favour of the FMA Financial Market Authority Liechtenstein under inducement of an EU passporting. Sales in Germany are nevertheless subject to supervision by BaFin, said Lutz Auffenberg. The sales and communication launch is planned for the beginning of July 2020. “It will be a classic material asset, we can already reveal that much – but this time it’s not real estate,” announces Patrick Schütze.
About Neofin Hamburg
Neofin Hamburg GmbH supports capital-seeking companies in the issuance of tokenised investment products via Security Token Offerings (STO). The comapny assists their clients during the planning phase of the issuance of tokenised investments, from the start of the public offering in the token sale and the distribution to private and institutional investors via its own network to the successful completion of the capital market project. Neofin Hamburg also participates as a venture capitalist in companies and projects in the Fintech/Blockchain segment. The focus is on high-performance networks and platforms. Among the investments is SatoshiPay Ltd. a developer of micropayment solutions and one of the pioneers in the areas of block chain and crypto currencies. Founder and managing director of Neofin Hamburg is Patrick Schütze. Neofin Hamburg GmbH operates the investment brokerage business within the meaning of Section 1 (1a) Sentence 2 No. 1 KWG as a contractually bound agent within the meaning of Section 2 (10) KWG exclusively for the account and under the liability of Anton v. Below GmbH & Co. KG, Große Theaterstrasse 42, 20354 Hamburg. www.neofin-hamburg.de
About Fin Law
Fin Law is a Fintech law firm based in Frankfurt/Main specializing in banking and capital markets law. The focus of consulting is on business models based on innovative technologies such as blockchain technology or with reference to cryptographic values. The founder is lawyer Lutz Auffenberg, LL.M. The firm advises companies on capital market financing in the sense of classic capital market issues, but also in new forms such as Security Token Offerings (STO) and the tokenisation of assets. The consulting services range from the regulatory conception of security tokens and the contractual design of the token terms to the full regulatory design and abbreviation of token terms. www.fin-law.de
Ive.One from Agora Innovation GmbH, based in Frankfurt/Main, is a global investment and issuing platform for legally compliant digital securities in the form of security tokens on the Blockchain. The FinTech takes over the tokenization of assets as well as asset management and investor relations. The aim is to achieve the simplest possible, transparent handling while fully complying with the necessary regulations. To create this legally compliant framework, the platform combines various national regulatory requirements with the block chain to protect companies and investors from money laundering and sanction risks. Agora Innovation is supported by the FinLab EOS VC, a cooperation of block.one and FinLab AG, as well as the High-Tech Gründerfonds. www.ive.one