- The Stellar Development Foundation is making a strategic investment in German crypto registrar Cashlink.
- Cashlink, a key player under Germany’s eWpG act, has facilitated over 300 issuances with transaction volumes reaching approximately $915 million.
- Despite prior work on Polygon, Cashlink is building an interoperable ecosystem with Stellar targeting 20 million investors by year-end.
The Stellar Development Foundation is now investing in Cashlink, a pivotal German crypto securities registrar, according to reports. This move directly targets Europe‘s expanding tokenization market under the progressive Electronic Securities Act.
Consequently, Cashlink leverages its two regulatory licenses to act as a registrar and crypto custodian, bypassing traditional central depositories. Its notable work includes tokenized funds for Metzler and bond issuances for major German banks like KfW and Helaba.
However, most of these high-profile European tokenization issuances have historically utilized the Polygon blockchain. The registrar has consistently maintained it is not chain-specific, a stance now validated by this new partnership.
Meanwhile, transaction volumes for its over 300 supported issuances have reached €850 million, or roughly $915 million. “With the Stellar network’s global reach and our regulatory licenses in Europe, we are creating an interoperable ecosystem that will serve 20 million investors by the end of this year,” said Michael Duttlinger, CEO of Cashlink.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
