Today FINEXITY announced a collaboration with fellow German DLT fintech Cashlink. FINEXITY is best known for tokenizing real estate although it expanded its range of assets to include precious metals, collectibles such as vintage cars, and other assets. It also has an over the counter (OTC) secondary market. In addition to the partnership with Cashlink it revealed plans to apply for a license to participate as an exchange and settlement system (DLT TSS) under the DLT Pilot Regime. This waives certain rules such as allowing consumers to engage directly with exchanges.
Meanwhile, Cashlink is one of Germany’s most prolific crypto securities registrars, with a provisional license from BaFin. Germany has its eWpG laws for crypto securities (digital securities) which waive rules in a similar manner to the DLT pilot regime. Thus instead of the need for a central securities depository (CSD), the combination of a blockchain and registrar take on that role.
“Together, the respective ecosystems are expanding to include issuers, investors and connected distribution platforms and financial institutions,” said Michael Duttlinger, Co-Founder and CEO of Cashlink. “The Cashlink and FINEXITY offering brings the issuance, trading and settlement of crypto securities into the fully regulated securities business.”
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