George Stylianou is Senior Consultant in the Practice Group Capital Markets & Securities Operations. In this role, he is responsible for projects with a focus on Strategy & Management Consulting.
The German Financing for the Future Act (Zukunftsfinanzierungsgesetz, ZuFinG) enables the DLT-based issuance of electronic stocks.
A crypto securities register is a register based on DLT technology for electronic securities as defined in the German Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG). The Electronic Securities Act (eWpG) created a new financial service referred to as crypto securities registrar services.
Crypto securities are a new form of issuance for bearer bonds via a DLT-based crypto securities register.
A cryptocurrency is a digital asset that enables cashless payments independent from any intermediaries or can be used for investment purposes.
A crypto fund unit is a share in investment funds or in individual share classes of an investment fund that is registered in a crypto securities register. The German Electronic Securities Act (Gesetz zur Einführung von elektronischen Wertpapieren, eWpG) also extends to electronic investment funds share certificates, which can thereby also be held in a central register.
Distributed ledger technology (or “DLT” for short) refers to a decentralized database that stores information in blocks that are distributed across a computer network.
We talked to Torsten Joseph, Lead Solutions Consultant at Finastra, about the current state of open banking and open finance and his views on possible use cases, particularly in the capital markets.
The implementation of the “Model Law on Electronic Transferable Records”, comes with the expectation of an increasing digitalization of international trade and thus trade finance. With Elena Sankova from software provider Finastra we discussed how this process can be accelerated and how banks can position themselves in this area.
“Manage your financial future yourself” – that’s the order of the day according to Dr. Stefan Steib, founder of finCraft. How finCraft helps stock market beginners manage their own finances.
How fast are crypto securities growing in Germany? What are the benefits and obligations? Find our answers.
The high demand from retail customers for digital assets and cryptocurrencies is proving to be a challenge for regional banks!
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