European Crypto Startups 'Neufund' And 'Ledger' Partners To Create Security Token Platform.

European Crypto Startups 'Neufund' And 'Ledger' Partners To Create Security Token Platform.

2018-12-09 | Robin Williams

European Crypto Startups 'Neufund' And 'Ledger' Partners To Create Security Token Platform.

European crypto startups named Neufund and Ledger have 'proclaimed' that they're going to work along to bring ERC20 tokens issued through Neufund to Ledger’s crypto hardware wallets and applications.

Neufund, primarily based in Berlin, and Paris-headquartered hardware wallet manufacturing Ledger already had a partnership earlier back in 2017 after Ledger created a custom edition of the Nano S wallet with further additional security for the German market. This was then provided to “high-profile” investors connecting to the “Neufund’s Initial Community Building Mechanism.”

In this new partnership, security token and the issuance platform Neufund and Ledger can “enable users to manage real-world assets on the blockchain whereas making the safest user-experience for investors.” It aims to offer this new service by adding ERC20 integration to Ledger’s new desktop application, “Ledger Live,” permitting users to manage any tokens issued employing Neufund’s protocols and platform.

Neufund chief executive officer ‘Zoe Adamovicz’ outlined the practicality looks set to focus on high-level investors, stating:

“Currently, Ledger’s hardware crypto-wallets are among the safest one’s and manage investments conducted through Neufund’s set of protocols. With operations within the 7-9 digit [€] price range, security becomes our highest priority.”

Neufund’s own platform already uses Ledger’s solutions, and users will manage their Neufund accounts through Ledger wallets.

Indeed, moreover as tokenizing real-world assets for its customers Neufund are launching its own STOs [Security Token Offering] this month. As per German regulation, the min buying within the Neufund STO would be somewhere equivalent to around $114,000 USD.

Chief executive officer at Ledger ‘Eric Larcheveque,’ believes that this move “marks a replacement, vital chapter in transferral security tokens to the Ledger platforms.”

This new partnership additionally plans to arrange an “open legal-technical hackathon” in Paris to explore even a lot more solutions for managing tokenized crypto assets.

Earlier in Oct., a partnership between web-based crypto-wallet Blockchain and [Ledger] was proclaimed that has seen Ledger build a custom hardware device titled the “Blockchain Lock-box.” The new device permits users to manage on-line and offline cryptocurrency funds through one interface.

After selling over a million crypto hardware wallets, earlier in the year 2017, with 2018 figures nonetheless to be hinted at, [Ledger] seems to be forming new partnerships to cement its market position competitive with fellow crypto hardware manufacturer Trezor and potential entrant 'Sony'. Simply a matter of days past, [Trezor] had to warn customers as a fake Trezor One hardware wallets appeared in the market.

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