Today SWIAT announced that Deka Investment, one of Germany’s largest fund providers, issued tokenized fund shares on SWIAT’s decentralized financial market infrastructure (dFMI). DekaBank founded SWIAT with other backers including LBBW and Standard Chartered’s SC Ventures.
Germany’s regulations support two types of digitalized securities – those registered in a centralized depository versus ‘crypto’ securities issued on a decentralized network. Hence, these are called ‘crypto’ fund shares, although they are not cryptocurrencies.
Deka Investment issued tokenized shares in its A-Deka-BlockchainEINS fund. It also plans to trial redemption when the time comes. Depending on how this goes, SWIAT could be used to tokenize a mutual fund soon.
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