Recently, Neufund and Ledger, the European crypto startups announced their partnership. They are planning to work together to bring ERC20 tokens issued by Neufunds to crypto hardware wallets and applications of Ledger. The main aim of the collaboration is to develop a framework for security tokens. The partnership will enable the users to manage their real-world assets on the blockchain.
Neufund is a Berlin-based company which offers ERC-20 compatible and open source technical environment to their users where they can create and issue tokens. The company enables users to form legally binding tokens with a different set of features. Ledger is a global leader in securing crypto assets. With the partnership, both the companies are looking forward to provide the safest user experience for investors.
Recently, Ledger launched a desktop application called Ledger Live. The application offers a user-friendly crypto asset management and is also planning to add an ERC-20 integration in the near future. Ledger Live will enable the users to manage security tokens issued through Neufund.
In an announcement, the Chief Executive Officer of Neufund, Zoe Adamovicz said 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 the 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.”
Neufund and Ledger first time made a partnership in 2017 when Ledger created a bespoke edition of Nano S wallet for the German market with extra security. The wallet was offered to the high profile investors who joined Neufund’s Initial Community Building Mechanism. Neufund already uses solutions offered by Ledger and the users can also manage theirNeufunds accounts through Ledger wallets. Neufund is currently planning to launch their own security token offering (STO) this month.
On the partnership announcement, the Chief Executive Officer of Ledger Eric Larcheveque said
“We are excited about today’s announcement. It marks a new, important chapter in bringing security tokens to the Ledger platforms.”
He further added, “We are thrilled to be joined at this frontier by Neufund, a leader in securities tokenization and issuance.”
To create a more secure framework for managing the real-world assets on the blockchain, both the companies are planning to organize an open legal, technical hackathon in Paris. The main aim behind the hackathon is to create better solutions for the management of tokenized real-world assets.