Binance, the world’s second-largest cryptocurrency exchange by daily volume, announced an investment in Founders Bank, a decentralized banking platform based in Malta.
- Binance’s Founders Bank investment was announced in June 12, 2018.
- An offering conducted via Neufund, a blockchain-based equity fundraising platform under German regulation.
- The Founders Bank equity token fundraising model will be managed by Neufund.
- The Founders Bank platform focuses on serving blockchain tech and crypto businesses, providing users with services such as mobile and desktop banking.
The supervisory board of Founders Bank will be spearheaded by Chairman, and co-founder Michael Bianchi said:
“Founders Bank is the missing piece of Blockchain Island on Malta. We are proud to announce our progressive banking solutions tailored for the needs of decentralised companies, with already existing support from the leaders of the blockchain industry, including Binance and Neufund. I am excited about the upcoming equity token offering when everyone will be able to become the co-owner of the company and shape the future of banking with us”
Changpeng Zhao, Founder, and CEO at Binance, commented:
“We are not only excited to be one of the first investors of this inclusive community for this pioneering initiative, but also look forward to explore the full range of its banking services. We continue to be delighted by the vibrant blockchain opportunities in Malta, and look forward to launching more partnerships in the region.”