NorthCape invests in New Shore, a unique crowdfunding platform with a securities licence creating a liquid market place for investors
NorthCape is pleased to announce the investment in New Shore Betriebsgesellschaft mbH, based in Hamburg.
New Shore was founded in August 2018 and has developed a fully digitalized platform for maritime asset securities (equity or debt instruments). The securities are tokenized and offered based on blockchain technology, making the investment and signing process for retail investors cheap, secure, fast, and tradeable. The platform will offer retail investors secure and cost-efficient access to direct shipping investments. Projects offered by New Shore need to be approved by the German Federal Financial Supervisory Authority and New Shore is a member of the German Association of Crowdfunding.
New Shore will initially target the German investor market, but the platform is easily scalable to other countries and regions.
Peter D. Knudsen, Managing Partner of NorthCape states that “with this strategic investment, NorthCape intends to provide clients with a digital and alternative approach to raise asset-based finance. The objective is to broaden the product portfolio and offer clients alternative sources of funding. Furthermore, through our involvement, we aim to enhance NorthCape’s footprint for shipping finance in Germany.”
Hanno Tamminga and Richard Heuser, founders of New Shore, are pleased “to have found a strong strategic partner in NorthCape, with proven credentials and track record in asset finance as well as a vast international network.”
Together, New Shore and NorthCape aim to expand their combined market share and provide tailored and accretive services to clients and investors.