First Dax share replication on blockchain
February 12, 2020

Frankfurt-based Bankhaus Scheich Wertpapierspezialist AG, together with Cashlink Technologies GmbH, a European infrastructure provider for digital securities, has for the first time created a share package of a DAX company on the blockchain.

In the pilot project, a digital security (ISIN: DE000A276T93) similar to an equity-linked note, a so-called ‘asset-linked token‘, was successfully issued to selected market participants within the framework of a private placement.

The underlying of the digital security was a share package of a DAX company, whereby each share was represented by a certain number of tokens. Finoa GmbH is responsible for the custody of this digital security.





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Frankfurt-based Bankhaus Scheich Wertpapierspezialist AG, together with Cashlink Technologies GmbH, a European infrastructure provider for digital securities, has for the first time created a share package of a DAX company on the blockchain.

In the pilot project, a digital security (ISIN: DE000A276T93) similar to an equity-linked note, a so-called ‘asset-linked token‘, was successfully issued to selected market participants within the framework of a private placement.

The underlying of the digital security was a share package of a DAX company, whereby each share was represented by a certain number of tokens. Finoa GmbH is responsible for the custody of this digital security.



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