Security token issuance platform Neufund has announced a new partnership with Ledger, a crypto wallet and secure custody platform for digital assets. Ledger’s solutions are already incorporated into Neufund’s platform and this new agreement builds on previous collaboration, which created a special edition of the Ledger Nano S for investors participating in Neufund’s Initial Community Building Mechanism, back in November 2017. The devices were then notarized in Germany, which provided an additional layer of protection to its hardware wallet.
“[This announcement] marks a new, important chapter in bringing security tokens to the Ledger platforms,” said Eric Larchevêque, CEO at Ledger. “We are thrilled to be joined at this frontier by Neufund, a leader in securities tokenization and issuance.”
Neufund explains that this collaboration aims to develop a framework for security tokens as users will be able to “manage real-world assets on the blockchain while creating the safest user-experience for investors.”
Zoe Adamovicz, CEO of Neufund, says that currently, Ledger’s hardware wallets are the safest way to set up and manage investments conducted through Neufund’s set of protocols.
“With operations in the 7–9 digit (€) range, security becomes a top priority. Enabling investors to manage their ERC-20 based equity tokens directly from a desktop app will disrupt the way we interact with our crypto assets.”
Ledger recently launched a desktop application for user-friendly crypto asset management – Ledger Live. The company plans to soon add an ERC20 integration to its app. The app is said to enable users to manage security tokens issued through Neufund’s set of protocols.
Neufund also announced that along with joining forces to create a more secure framework for managing real-world assets on the blockchain, they will jointly organize an open legal-technical hackathon in Paris, with the aim of creating better solutions for managing tokenized real-world assets.
Neufund is currently hosting the company’s first public offering of equity for its parent company — Fifth Force GmbH.
The public sale will start on December 9, 2018 at 11am UTC and will last for seven days. The token’s name is FORCE, and the currencies accepted are ETH and EUR, where 1 share will be equivalent to 10,000 equity tokens.