Cashlink and atpar Partner Up to Lead the Way to Capital Markets 2.0
The financial industry is warming up to integrate decentralized finance into the system. Leading experts like the chairman of the SEC, Jay Clayton, think “it may be very well the case that [database representing stocks] all become tokenized”.
Still many processes in finance are not digital — one of them being the processing of corporate actions. Interest, dividend or principal distribution is currently calculated and settled through error-prone, often time-consuming, manual processes. It is our mission at Cashlink to lead the way into capital markets 2.0. We have therefore partnered up with atpar AG to push digitization of the entire financial value chain by combining atpar’s Decentral Securities Depository with Cashlink’s Decentral Securities Registry.
The First Decentralized Securities Depository
atpar AG operates the first Decentral Securities Depository that allows issuers to register a securities’ term sheet in machine-readable form on-chain and link it to security tokens like those from Cashlink which track the ownership of financial claims in their Decentral Securities Register. Pre-fabricated product templates allow for a maximal degree of automation and convenience. Once registered, securities’ term sheets, upcoming corporate actions, interest calculations as well as an immutable audit trail may be retrieved by all participants at any time and directly from the ledger. This leads to less error-prone, more transparent and more automated back-office processes.
The Partnership
Combining Cashlink’s and atpar’s solution leads to a functionality that is provided by intermediaries today, specifically issuing, transfer, calculation and paying agent, which is digitized and automated in a transparent and verifiable way on chain.
“We at Cashlink enable our clients to issue, settle and trade tokenized securities. This cooperation is a seamless incorporation of two solutions working towards the same goal: To achieve completely blockchain based capital markets 2.0.”
Michael Duttlinger, CEO of Cashlink states.
„We are excited to partner up with Cashlink as it enables our clients to easily tokenize any of our financial products and service them in a compliant way on chain. With Cashlink’s end-to-end solution and atpar’s Decentral Depository, institutions can issue digital securities with a push of a button and handle corporate actions in a fully digital and automated way.“
Michael Svoboda, CEO of atpar
About Cashlink
Cashlink is a financial technology company (fintech) based in Frankfurt am Main. It offers one of the leading software solutions for asset tokenization. Clients benefit from all building blocks, services and licenses needed to issue tokenized securities and manage decentralized security registries.
Cashlink is the winner of the FinTech Germany Award 2020 in the Category Blockchain and receives support from renowned investors such as the listed VC Finlab AG and the Maschmeyer Group.
About atpar
atpar is a fintech company from Switzerland backed by blockchain pioneers like ConsSys, Eden Block and Christoph Jentzsch.
atpar’s Decentral Depository empowers originators to offer more products, faster and at lower cost by digitizing and automating the servicing of their digital securities. Clients don’t need to reinvent the ‘financial wheel’ and can focus on the differentiating part by building their solution on top of the first open-source, universal and standardized Decentralized Securities Depository for all major financial products.
