Germany-based Cashlink Technologies announced the closing of its mid seven-digit Series A fundraising round led by fintech investor TX Ventures. Details of the fundraise was not disclosed.
The round was also joined by Futury Capital, BMH Hessen, business angels as well as existing investors C3, seed&speed, DEWB and Panta Rhei.
Founded in 2016 by Michael Duttlinger and Lars Olsson, Cashlink offers an infrastructure for tokenised assets.
It covers the entire value chain including distribution, register management, custody, asset servicing for tokenised assets combined with a strong regulatory framework.
Cashlink has been granted the provisional crypto registry license by Germany’s financial regulator BaFin which enables the issuance of fully compliant tokenised securities.
Michael Duttlinger, Co-founder and CEO of Cashlink said,
“The introduction of crypto securities in Germany has been a great growth engine for Cashlink. Especially the planned extension of regulation from digital securities to stocks will enable further adoption.
We are really pleased that we ensured a solid financial base for further expansion in this sector with this investment.”
Krzysztof Bialkowski, Managing Partner at TX Ventures said,
“We strongly believe that asset tokenisation will revolutionize the securities market by offering benefits such as increased liquidity, faster settlement, lower costs and by addressing a broader public.
Cashlink, and its highly professional team with impressive regulatory know-how, is very well positioned to address this market and to become a leader in the tokenisation space in Europe. We are very much looking forward to working together and supporting the team on their growth journey.”
Featured image credit: Cashlink management team from left to right: Lars Olsson, Dorette Daume, Michael Duttlinger