Cashlink expands leading position of its FinTech infrastructure with seven-digit Series A
Frankfurt, 16.03.2023. Cashlink, the Frankfurt-based FinTech behind the leading infrastructure for tokenized assets, has successfully 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 Carsten Maschmeyer’s seed + speed, Panta Rhei, C3 Venture Capital and DEWB participated in the financing round. At the end of last year, w3.fund invested in Cashlink via security token issuance.
Cashlink 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, like the sustainable investment platform WiWin, rely on the solutions of the Frankfurt-based pioneer. In addition to the technical infrastructure, Cashlink also covers all necessary regulatory requirements. In November 2021, Cashlink was one of the first companies to receive provisional permission to register crypto securities from the German Federal Financial Supervisory Authority (BaFin).
Cashlink plans to use the investment to strengthen its growth. In particular, the fresh capital will be used to expand the product suite related to the registry management of crypto securities.
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, says: “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.”