neoFIN, Cashlink and Tangany are planning to launch a new STO platform, which integrates all processes around the legally compliant issuance, administration, and custody of digital securities.
“We are thus covering the entire STO value chain from a single source, bringing together investors, issuers, and distributors on one platform in a transparent and user-friendly manner,” says Patrick Schütze, founder and CEO of neoFIN Hamburg GmbH. The focus is on tokenized tangible assets with a sustainable character.
Partnership between neoFin, Cashlink and Tangany
For the technical implementation, they are entering into partnerships with leading infrastructure providers. Cashlink Technologies GmbH, Frankfurt, will develop an individualised form of its tokenization and platform software with its own subscription route for neoFIN.
“Blockchain technology will permanently change and digitise the capital market. A perfect use-case is offered by traditional capital investments, specifically to digitise access to traditional tangible assets and offer investors more liquid assets. We are delighted to be able to combine our technology with neoFIN’s many years of market expertise,” explains Cashlink Managing Director Michael Duttlinger.
The complete area of secure custody of digital securities will be taken over by the Munich-based FinTech Tangany. The regulated crypto custodian already manages a total volume worth more than 400 million euros. This includes the wallets of the investors in the first neoFIN-STO for the Hamburg shipping company Vogemann. “After the already successful cooperation on the Green Ship Token, we are ready for an even more comprehensive joint level,” says Martin Kreitmair, Managing Director of Tangany.
Integrated STO platform bundles benefits for all target groups
“On our own STO platform, we bring together issuers, investors, and distributors. This is how we create lasting win-win situations,” says Patrick Schütze, who as a sales expert always pays attention to the interaction of all three target groups. “
Companies seeking capital meet already registered investors here at the very beginning of their financing. These in turn bring a high affinity for tokenized capital investments with them and can build up and manage their portfolio of digital securities here. With their sustainable tangible assets, they address private and institutional investors such as family offices in equal measure. Sales partners can easily use the platform to acquire and maintain customers. They also benefit from the onboarding of new partners in an automated, digital process.”
After the simple digital subscription, the digital securities are delivered to a wallet provided by Tangany. The digital securities are created via a smart contract in a decentralized securities registry in a tamper-proof and transparent manner. Polygon and Ethereum, among others, are used for this purpose. After the primary market issue has been carried out, digital securities can be transferred at any time. Investors can then track the performance and receive reports from the issuer via the neoFIN portal.
The launch of the new platform will take place in the fourth quarter of this year at the latest. In the pipeline, for example, are tokenized securities issues in the field of renewable energies.
Photo by Martin Fahlander on Unsplash
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