Founders Bank Project aims to become the first decentralized, community-owned and blockchain friendly banking solution

Once licensed, Founders Bank will be the newest addition to the rapidly growing, full-value blockchain ecosystem on #BlockchainIsland. Today’s announcement marks the first step towards an offering that Founders Bank will conduct through the blockchain-based equity fundraising platform Neufund and issuing its own legally-binding equity tokens. Binance, the world’s largest crypto exchange, is one of the first and major investors in the company.

Once licensed, Founders Bank will become the first stable and high tech banking solution not only focused on founders, but also owned by them, bridging the gap between traditional financial world and innovative crypto companies.

The equity token offering to be conducted on Neufund under German regulation in collaboration with one of Europe’s major stock exchanges later this year, will allow all market participants to become co-owners of Founders Bank. This is pioneering as it will allow our clients to decide on the development of the solutions they are using with blockchain-style governance model based on smart contracts.

Once licensed, the Founders Bank would be the first decentralized and community-owned bank in the world, signaling the possible future of the banking industry.

“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.” — says Changpeng Zhao, Founder & CEO at Binance.

Founders Bank will focus on serving tech and crypto businesses and will offer top-tier banking solutions. Users will be able to access their accounts from both the mobile and desktop web application and use them directly with credit cards issued by Founders Bank. We are currently awaiting banking license in Malta. We estimate our launch to be in the first half of 2019 and we will host our Equity Token Offering through Neufund’s platform later this year.

Founders Bank is the missing piece of #BlockchainIsland 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! — Mr Michael Bianchi, Chairman and Co-founder at Founders Bank.

The supervisory board and management of the company includes experienced entrepreneurs and industry experts with Mr. Michael Bianchi serving as Chairman of the Board and including Dr Abdalla Kablan, Martin Bruncko, André Eggert, Pavel Bodark, Sonal Kadchha, Paula Pandolfino and Jonathon Gowen with previous experience working in blue chip companies and institutions such as Barclays, JP Morgan, Deutsche Bank, the European Commission, the World Bank, Deloitte and the OECD. The team behind Founders Bank will be featured on upcoming Delta Summit in Malta, held between 3–5th of October.

Yet again Malta proves to be the ultimate destination for innovative companies changing the world for better. We welcome Founders Bank with the utmost excitement and hope that their fintech solutions will attract even more world-class companies to our #BlockchainIsland. We are honoured to be chosen as the location of the first global community-owned bank that cares so deeply about transparency and regulation — Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister of Malta.

Malta’s Blockchain ecosystem grew rapidly over the last year, with the biggest crypto companies relocating and engaging with the EU member state: Binance, Neufund and BitBay. The DLT/Blockchain bills approved by the Malta’s Parliament on 4th of July created a fertile environment for blockchain companies and cleared the uncertainties surrounding the market for decentralized assets, while also establishing direct communications with blockchain leaders.

Disclaimer: No banking services will be carried out until such time as the institution is duly authorised to do so by the regulatory authorities upon the approval of a banking licence for which the institution is in the process of applying.

Visit the website of Founders Bank here. Join Founders Bank social media and community channels: Telegram, Twitter, Facebook, Reddit, LinkedIn.

About Binance — Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info and Charity Foundation. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.

About Neufund — Neufund is a Berlin based investment protocol for securities tokenization and issuance — it allows for any type of security or financial product to be issued as a token on Blockchain. Neufund’s Equity Token Offering (ETO) is a novel way of fundraising, which allows any kind of company (blockchain-based or not) to issue equity tokens on a Blockchain, in a public or private placement. An ETO is a hybrid investment model combining advantages of an IPO, an ICO, and a VC round. Neufund’s platform is a primary market offering for capital raising which already attracted investment pledges from notable community of investors, including Frank Thelen (Freigeist), Christophe Maire (Atlantic Labs), Alexander Lange (Index Ventures) and Max Kordek (Lisk).