Odaily Planet Daily News Metzler Asset Management (MAM) announced the issuance of the first batch of German tokenized fund shares. The fund is not a cryptocurrency, but is issued under Germany's "crypto" securities law, which exempts the requirement for a central securities depository (CSD) if a bearer fund is registered using DLT or the blockchain ownership of shares.
For the three-month pilot, Metzler partnered with fundonchain and Cashlink, which participated in several cryptocurrency bond issuances in Germany. (Ledger Insights)