Frankfurt-based Fintech Cashlink Finalizes Series A Round
Summary
Cashlink, the Frankfurt-based Fintech providing infrastructure for tokenized assets, has closed a Series A funding round in the mid-seven-figure range.New investors on board include Swiss venture capitalist TX Ventures, as well as Futury Capital, Beteiligungs-Managementgesellschaft Hessen and several business angels.In addition, existing investors such as Carsten Maschmeyers seed + speed, Panta Rhei, C3 Venture Capital and DEWB participated in the financing round.At the end of last year, w3.fund already invested in Cashlink on a token basis.Cashlink claims it provides the leading infrastructure for asset tokenization, enabling the fully digital issuance of securities.Numerous financial institutions, such as Bankhaus Scheich and the asset manager LAIQON, as well as FinTechs, such as the sustainable investment platform WiWin, rely on the solution of the Frankfurt-based pioneer.In addition to the technical infrastructure, Cashlink also covers all necessary regulatory requirements. In November 2021, Cashlink, as one of the first companies, received a provisional permission to register crypto securities from the German Federal Financial Supervisory Authority (BaFin). I am pleased that the investment has provided us with a solid financial foundation for our continued growth in this area.We strongly believe that asset tokenization will revolutionize the securities market as it offers clear benefits such as higher liquidity, faster settlement, lower costs and can appeal to a broader audience. Cashlink, with its highly professional team and impressive regulatory expertise, is very well positioned to address this market and become a leader in tokenization in Europe. We are very much looking forward to working together and supporting the team on its growth path.As noted in the update, the financial technology company Cashlink claims it offers a leading European infrastructure for the tokenization of assets.By using blockchain technology, Cashlink enables the fully digital issuance of securities such as bonds, certificates or profit participation rights.In November 2021, the company received preliminary permission from BaFin to operate a crypto securities registry, covering the entire value chain of tokenization of securities.This will allow financial institutions and FinTechs to benefit from the new possibilities of tokenization while saving costs and resources.