Cashlink applies for BaFin license for crypto securities register

The Germany-based security tokenization software solution Cashlink has submitted a notification of intent to the German financial market supervisory authority BaFin to set up a crypto securities register.

Cashlink’s plan for a crypto securities register builds on the Electronic Securities Act (eWpG), which has been in force since June 2021. According to a Cashlink representative, the law opens up new opportunities and is driving the change to a DLT-based capital market. With the eWpG it is now possible to issue securities purely electronically without a certificate.