Neumark
Crypto Overview
Overview
Neufund (NEU) was a tokenization platform launched in 2016 that aimed to democratize access to capital markets through blockchain technology. The platform intended to allow companies to conduct legally-binding equity token offerings.
Purpose and Utility
The NEU token was designed to serve as a governance and utility token within the Neufund ecosystem. Token holders could participate in platform governance and were entitled to a portion of the platform's revenue.
Current Status
As of 2023, the Neufund platform has ceased operations. The company announced the shutdown of its investment platform in 2020 due to regulatory challenges and lack of clear guidance from authorities. The NEU token is effectively defunct, with no active trading or utility.
Business Model Analysis
The original business model focused on equity tokenization and was designed to comply with European regulations. The platform enabled the issuance of regulated security tokens representing company equity. While the core business model aligned with Islamic principles by facilitating investment in real business activities, the project is no longer operational.
Crypto Impact
To assign a comfort level investing in Neumark from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Neumark.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.