Fundament Securities, the issuer of the first regulated Real Estate Security Token offer in Germany, will provide institutional-grade custody solution for its digital assets in a new partnership with DACS “Digital Asset Custody Solution” a digital asset lifecycle management business.
Fundament Group is a Berlin-based end-to-end issuance solution for tokenized assets. Fundament Group co-founders include the President of the German Blockchain Association, Florian Glatz, policy advisor to the German government, Robin Matzke and seasoned real estate investor, Thomas Ermel.
According to a release, Fundament Securities and DACS will jointly provide an institutional-grade custody solution for Fundament’s digital securities. The custody solution will cater to high-volume professional investors such as pension funds, insurance providers, family offices and high-net-worth individuals.
Fundament adds that its growing investor-base’ digital assets are protected by advanced cybersecurity under FIPS 140-2 Level 4 certification, the highest level of certification currently achieved by commercial cryptographic Hardware Security Module (HSM) devices.
DACS has teamed up with IBM to create a one-of-a-kind cloud service built on IBM LinuxONE enterprise platform, using IBM Hyper Protect Virtual Servers.
Neil Fillary, co-founder and Board Member at DACS, commented on the announcement:
“Fundament Securities is on track to bring institutional players into the space of decentralized finance. Smart contracts and digital-asset technologies are set to transform the way enterprises across industries do business. Now with our digital asset custody solution, Fundament’s underlying infrastructure can help bring security, and accessibility in the crypto-asset market to new heights.”
Fundament recently received a significant strategic investment from Bauwens Group, one of Germany’s leading real estate developers.
In July, Fundament received approval from the German Financial Market Supervisory Authority (BaFin) for the country’s first tokenized real estate bond, with an issue volume of €250 million.