Crypto Securities

A special case of elec­tro­nic secu­rity (elec­tro­nic secu­rity pursu­ant to section 4 (1) of the German Secu­ri­ties Trading Act (eWpG)) and does not consti­tute a central regis­ter secu­rity (central regis­ter secu­rity pursu­ant to section 4 (2) of the German Secu­ri­ties Trading Act (eWpG)). In contrast to digi­tal assets such as cryp­to­cur­ren­cies and secu­rity tokens, the cust­ody of which requi­res a license for crypto cust­ody busi­ness (crypto cust­ody pursu­ant to Section 1 (1a) sentence 2 no. 6 KWG), the cust­ody of crypto-secu­ri­­ties falls under cust­ody business.