The Financial Supervisory Authority (ASF) announces the authorization of Romania’s first crowdfunding platform, called SeedBlink, according to a press release sent to Agerpres on Monday.

Thus, the Seedblink Crowd SA company, which administers the mentioned platform, is the first company authorized by the ASF as a provider of participatory financing services, shortly after the entry into force, in August 2022, of Law No. 244/2022 which regulates this area.

The company is authorized to offer the following crowdfunding services, namely: placement without firm commitment of securities and instruments admitted for crowdfunding purposes and the reception and transmission of orders in connection with those securities and admitted instruments, use of special purpose vehicles for the provision of participatory financing services, as well as the operation of a bulletin board.

Agerpres