Germany’s Cashlink Technologies has been awarded a crypto custody license by regulator BaFin. The company already holds a license as a crypto securities registrar. Despite using the term crypto, both roles encompass digital securities. Under German law, it’s possible to use a registrar instead of a central securities depository (CSD) when the securities are issued on a DLT. With the new license, it can now look after the private keys related to the tokenized securities it’s involved in issuing and registering.
Cashlink is one of the most prolific crypto securities registrars working with clients such as KfW, Metzler and Helaba’s WIBank.
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