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Citing regulatory concerns, Berlin-based security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenized equity offerings. “Many European countries had aspirations to become a blockchain-friendly hub … [T]he authorities have stifled this plan, blocking the innovation in its tracks,” the firm wrote in a blog post Monday. Launched in 2016, Nefund helped allocate some $19 million in capital through novel equity and security token offerings (STOs), including a blockchain-based initial public offering in 2019. The firm claims to have some 11,000 investors across 123 countries. In a statement, Neufund CEO and co-founder Zoe Adamovicz…
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