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1/ Revolution in the German Capital Market: Securities Become Digital. The legislator has drafted a proposal for digital securities that could trigger a revolution in the German capital market. https://medium.com/@philippsandner/revolution-in-the-german-capital-market-securities-become-digital-6441804a37eb?sk=4ee6ada92bee694885c74bc86a883bcf
2/ It was available on the Internet last Friday, but it was not formally published.
Securities are being detached from the paper-based certificate in a systematic way, thus dematerialized, which creates the basis for the digital capital market of the future.
Securities are being detached from the paper-based certificate in a systematic way, thus dematerialized, which creates the basis for the digital capital market of the future.
3/ In the future, there will be the possibility that in addition to the central securities depository Clearstream — which belongs to Deutsche Börse — other registers perform the same function. Competition is therefore guaranteed.
4/ The legislator also enables issuers themselves — possibly even industrial corporations — to keep the register for their own securities.
5/ The legislator is creating the necessary conditions under German law for securities to be issued on decentralized blockchain systems such as possibly Ethereum — the second largest crypto currency after Bitcoin.
English version of our article on this: https://medium.com/@philippsandner/revolution-in-the-german-capital-market-securities-become-digital-6441804a37eb?sk=4ee6ada92bee694885c74bc86a883bcf
