Deutsche Börse pushes regulated digital securities
In a press release on Oct. 30, Deutsche Börse Venture Network (DBVN) confirmed the deal with local fintech company Cashlink, the benefits of which will be available immediately.
From now on, investors with DBVN will be able to complete the funding process entirely digitally using tools based on so-called distributed ledger technology, or DLT.
“With this new offering from our partner, we are able to simplify the process of raising capital for startups on our network, and all within an existing regulatory framework,” DBVN director Peter Fricke commented in the press release.
Fricke added the company would be depending on its working relationship with Cashlink, which has operated out of Frankfurt since 2016.
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“Digital securities are used for various purposes, for example as an alternative to regular venture financing, as digital employee shares ownership, as a digital representation of venture funds or for funding for non-European investors,” Michael Duttlinger, CEO of Cashlink, added.