German tokenization company Cashlink has obtained a cryptocurrency custody license.

According to Ledger Insights, Cashlink, a tokenization company in Germany, has obtained a cryptocurrency custody license from the regulatory authority BaFin. The company previously held a cryptocurrency securities registrar license. Under German law, when securities are issued on a DLT, a registrar can be used instead of a Central Securities Depository (CSD). With the new license, it can now manage the private keys associated with the tokenized securities it participates in issuing and registering.