Tokenization fintech SWIAT has received authorization from German regulator BaFin as a crypto registrar. This means that SWIAT now provides a one-stop-shop: both the permissioned ledger for tokenized securities and the registrar role.
The company was founded by DekaBank, with investors including LBBW and Standard Chartered’s SC Ventures. During last year’s ECB wholesale DLT settlement trials, SWIAT was involved in several bond issuances, including the €300 million Siemens digital bond.
German eWpG legislation refers to tokenized and digital securities as crypto securities. Instead of requiring a central securities depositary to register the securities, Germany’s eWpG allows for the scaled down role of a registrar who is responsible for ensuring that blockchain records are accurate. Late last year Luxembourg introduced a similar concept of a “control agent” for DLT based securities.
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