European cryptocurrency exchange BitBay has joined hands with Neufund, the blockchain-based equity fundraising platform, to enable investors to buy and sell equity tokens with fiat currencies.

Paweł Sobków, CEO of Pinewood (operator of Bitbay.net) said:

“Our partnership with Neufund aims to bring security tokens to BitBay’s everyday operations in a fully compliant and regulated way. We are proud to be on the frontline of implementing equity tokens into 24/7 crypto trading systems."

The security token market is expected to reach a value of $10 trillion by 2020, according to a study conducted by Polymath. Tokenized securities will bring much-needed liquidity to traditional investment assets, including equity instruments, Neufund said in a statement. It further added that it aims to become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens.

Zoe Adamovicz, CEO and Co-founder at Neufund said:

"It is Neufund’s mission to make fundraising more inclusive and easier for companies, while bringing investors more liquid investment assets, and our partnership will enable investors to liquidate their investments directly into fiat currencies."

Today’s announcement follows Neufund’s partnerships with the Malta Stock Exchange and Binance, the world’s biggest crypto exchange. Neufund also recently announced that seven companies from five countries have signed up to conduct Equity Token Offerings through Neufund, and more than a thousand investors have pledged future investments. BitBay, whose tradable fiat pairs include the Polish Zloty, the Euro and the U.S. Dollar, will be the first trading partner enabling companies to liquidate their equity tokens against fiat currency.

BitBay has recently moved its operations to crypto-friendly island Malta, while Neufund has announced its partnership with MSX, a subsidiary of Malta Stock Exchange. Malta, an EU member state has recently passed 3 bills regulating distributed ledger technology (DLT).