Germany gave digital securities a full legal footing in 2021 and authorizes firms to maintain their own investor register. The framework is settled. What it does not hand you is a branded platform. That’s where we come in.
A digital security here is a real security, not just a claim to one. The work is in the licensed roles around it.
The Electronic Securities Act has allowed securities to be issued without a paper certificate since June 2021. Enter it in a crypto securities register and it is a Kryptowertpapier, a security in its own right.
Crypto securities register keeping is a financial service under the German Banking Act and needs BaFin permission. BaFin publishes every licensed provider in its company database.
Issuers are expected to appoint a licensed register keeper. Where none is appointed, the issuer itself counts as the register-keeping entity, and the licence question lands back on your desk.
Two separate licensed roles. The register keeper maintains the official investor ownership record. Holding the security for others is an optional custodial function, which would require separate authorization.
The Act allows bearer bonds to be issued as electronic securities, and fund units under the crypto fund unit regulation. That shapes what a German property raise usually looks like.
What you own and what you want to raise. We say plainly whether this fits, including when it does not.
Our local partner sets the structure and the instrument, and identifies the path to obtaining register keeper approval for your token issue. This framework shapes the timeline more than anything else.
The legal work and the launch run in parallel. In Germany the pace is set by appointing the licensed register keeper. Your lawyer starts that on day one.
Yes. Since June 2021 a security can be issued by entry in an electronic securities register instead of a paper certificate. Enter it in a crypto securities register and it is a crypto security under the Act.
No, and this catches people out. Keeping the register is not custody. Holding the security on behalf of others is an optional separate licensed custody business.
Crypto securities register keeping is a licensed financial service and needs BaFin permission. BaFin lists every authorised provider publicly. If an issuer appoints nobody, it counts as the register keeper itself.
Bearer bonds can be issued as electronic securities, and fund units under the crypto fund unit regulation. Your lawyer will match the instrument to your business model.
Last updated: 10-08-2026
The information on this page is for general informational purposes only and does not constitute legal, financial, investment, or tax advice.
Tokenizer.Estate provides a platform for real estate tokenization and connects you with licensed local partners, but we do not provide legal or regulatory guidance.
Please consult qualified professionals in your jurisdiction before making any investment or tokenization decisions.