What is a registry operator for electronic securities?

What is a registry operator for electronic securities?

The registry operator maintains a register of tokenised securities (crypto-securities) and is responsible for handling them confidentially, ensuring their integrity, and guaranteeing the availability and authenticity of the data.

In Germany, a registry operator is required by law when crypto-securities are issued. The issuer usually selects the registry operator. We work primarily with Smart Registry GmbH. Smart Registry GmbH grants investors and any person in whose favour a right or restriction is entered in the crypto-securities register access to the register in accordance with legal requirements.

The registry operator holds a provisional licence to maintain a crypto-securities register in accordance with Section 65(2) of the German Banking Act (KWG) and offers the maintenance of such a register in which crypto-securities within the meaning of Section 4(3) of the German Electronic Securities Act (eWpG) may be recorded. Detailed information can be found in the General Terms and Conditions of Smart Registry GmbH.


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