TOKENIZATION COMPLIANCE
The Vanderbilt Terminal for Global Tokenization Regulation
INDEPENDENT INTELLIGENCE FOR DIGITAL ASSET COMPLIANCE
Global RWA Tokenized: $18.9B ▲ +142%| MiCA Status: Live ▲ Dec 2024| VARA Licensed Platforms: 80+ ▲ +12| SEC Actions YTD: 14 ▲ +3| Tokenized Bonds Issued: $10.2B ▲ +68%| BlackRock BUIDL: $531M ▲ Mar 2024| STO Volume YTD: $3.8B ▲ +44%| Active Jurisdictions: 20+ ▲ +4| Global RWA Tokenized: $18.9B ▲ +142%| MiCA Status: Live ▲ Dec 2024| VARA Licensed Platforms: 80+ ▲ +12| SEC Actions YTD: 14 ▲ +3| Tokenized Bonds Issued: $10.2B ▲ +68%| BlackRock BUIDL: $531M ▲ Mar 2024| STO Volume YTD: $3.8B ▲ +44%| Active Jurisdictions: 20+ ▲ +4|

Electronic Securities

Germany eWpG: Electronic Securities Act and Crypto Securities Registry

Germany's Electronic Securities Act (eWpG), in force since June 2021, enables the issuance of electronic bonds and fund units without paper certificates. Crypto securities (Kryptowertpapiere) can be registered in a decentralized DLT-based registry authorized by BaFin.

Donovan Vanderbilt · February 24, 2026 · 7 min read

Germany Tokenization Regulation: BaFin, Crypto Custody License, and the eWpG

Germany BaFin crypto custody license (KWG Section 1(1a)), eWpG Electronic Securities Act (2021), crypto securities registrar, MiCA NCA role, 18-month grandfathering to June 2026, 20+ licensed custodians.

Donovan Vanderbilt · February 24, 2026 · 10 min read
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