NorthCape invests in New Shore, a unique crowfunding platform with a securities licence creating a liquid market place for investors

By 13. september 2019 september 16th, 2019 NorthCape
NorthCape AS

NorthCape invests in New Shore, a unique crowfunding 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.

Hanno Tamminga, Co-Founder, New Shore Invest
+49 175 882 99 33
ht@new-shore-invest.com

Peter D. Knudsen, Managing Partner, NorthCape
+47 9132 6374
pdk@ncape.com

Unni Z. Thorsen

Author Unni Z. Thorsen

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