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.
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.