Frankfurt-based Fintech Cashlink Finalizes Series A Round

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 Maschmeyer’s seed + speed, Panta Rhei, C3 Venture Capital and DEWB participated in the financing round.”

At the end of last year, 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). Cashlink plans to use the investment to strengthen its growth course.”

In particular, the product range “related to the registry management of crypto securities is to be expanded with the fresh capital.”

Michael Duttlinger, co-founder and CEO of Cashlink, says:

“The introduction of crypto securities in Germany is a major growth driver for Cashlink. In particular, the extension of the Electronic Securities Act to equities, which is planned for this year, will provide further momentum. I am pleased that the investment has provided us with a solid financial foundation for our continued growth in this area.”

Krzysztof Bialkowski, Managing Partner of TX Ventures, said:

“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.”

Benjamin Krahmer, Managing Director at Futury Capital adds:

“We were impressed by Cashlink’s technological positioning in the fast-growing digital securities market, its existing client relationships and its close cooperation with relevant authorities in a highly regulated market. We look forward to working with the experienced Cashlink team.”

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.” Cashlink is also “committed to the increased use of blockchain-based applications in the financial industry.”

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