● Cashlink successfully completes Series A financing
● TX Ventures, Futury Capital and BMH Hessen invest seven-figure amount
● Existing investors C3 Venture Capital, seed + speed, Panta Rhei and DEWB participate in the investment round
● Investment will be used to expand already successful crypto securities registry service
Frankfurt, March 16, 2023. Cashlink, the Frankfurt-based FinTech behind the leading infrastructure for tokenized assets, has successfully closed a Series A funding round in the mid-seven-figure range.
New investors on board include Swiss venture capitalist TX Ventures, as well as Futury Capital, Beteiligungs-Managementgesellschaft Hessen and several business angels. In addition, existing investors Carsten Maschmeyer’s seed + speed, Panta Rhei, C3 Venture Capital and DEWB participated in the financing round. At the end of last year, w3.fund invested in Cashlink via security token issuance.
Cashlink provides the leading infrastructure for asset tokenization, enabling the fully digital issuance of securities. Numerous financial institutions, such as Bankhaus Scheich and the asset manager LAIQON, as well as FinTechs, like the sustainable investment platform WiWin, rely on the solutions of the Frankfurt-based pioneer. In addition to the technical infrastructure, Cashlink also covers all necessary regulatory requirements. In November 2021, Cashlink was one of the first companies to receive provisional permission to register crypto securities from the German Federal Financial Supervisory Authority (BaFin).
Cashlink plans to use the investment to strengthen its growth. In particular, the fresh capital will be used to expand the product suite related to the registry management of crypto securities.
Michael Duttlinger, co-founder and CEO of Cashlink, says: “The introduction of crypto securities in Germany is a major growth driver for Cashlink. In particular, the extension of the Electronic Securities Act to equities, which is planned for this year, will provide further momentum. I am pleased that the investment has provided us with a solid financial foundation for our continued growth in this area.”
Krzysztof Bialkowski, Managing Partner of TX Ventures, says: “We strongly believe that asset tokenization will revolutionize the securities market as it offers clear benefits such as higher liquidity, faster settlement, lower costs and can appeal to a broader audience. Cashlink, with its highly professional team and impressive regulatory expertise, is very well positioned to address this market and become a leader in tokenization in Europe. We are very much looking forward to working together and supporting the team on its growth path.”
Benjamin Krahmer, Managing Director at Futury Capital adds, “We were impressed by Cashlink’s technological positioning in the fast-growing digital securities market, its existing client relationships and its close cooperation with relevant authorities in a highly regulated market. We look forward to working with the experienced Cashlink team.”
The financial technology company Cashlink offers a leading European infrastructure for the tokenization of assets. By using blockchain technology, Cashlink enables the fully digital issuance of securities such as bonds, certificates or profit participation rights. In November 2021, the company received preliminary permission from BaFin to operate a crypto securities registry, covering the entire value chain of tokenization of securities. This will allow financial institutions and FinTechs to benefit from the new possibilities of tokenization while saving costs and resources.
Cashlink is also committed to the increased use of blockchain-based applications in the financial industry. As a founding member of the International Token Standardization Association, the European forum “International Association for Trusted Blockchain Applications” (INATBA), and the Hesse regional group of the Blockchain Bundesverband, Cashlink is actively shaping the future of the securities business. The startup is also the winner of the FinTech Germany Awards 2020 and 2021 in the categories Blockchain and Early Stage.
Cashlink Technologies GmbH, Sandweg 94, 60316 Frankfurt
Benedikt Scheungraber (CMO)
About TX Ventures
TX Ventures is an independent FinTech VC investing in the next generation of finance with the goal of becoming one of the leading early stage investors in Europe in FinTech, InsurTech & Crypto. TX Ventures’ mission is to invest in FinTechs that democratize access to financial products, empower people to achieve financial security, and improve efficiency and sustainability in finance.
TX Ventures provides hands-on support to its companies in the areas of marketing, tech and cybersecurity. TX Ventures is backed by TX Group, the largest private media group in Switzerland and a leading network of digital platforms.
About Futury Capital
Futury Capital is an early-stage and growth investor focused on tech startups in Germany and globally. The investment universe covers multiple industries such as technology, software, consumer internet, artificial intelligence, fintech and more, helping companies accelerate their growth on their way to becoming global market leaders. Through its LP structure of the State of Hesse, family offices, German SMEs and multinational corporations, Futury Capital supports its portfolio companies both strategically and operationally in building them into exceptional companies.
BMH Beteiligungs-Managementgesellschaft Hessen mbH, based in Wiesbaden, was founded in 2001 and is a wholly owned subsidiary of Landesbank Hessen-Thüringen Girozentrale (Helaba). Through Wirtschafts- und Infrastrukturbank Hessen (WIBank), BMH is actively involved in the business development activities of the State of Hesse. As a medium-sized investment and venture capital company, BMH bundles public investment interests and financing instruments for early-stage, growth and medium-sized companies in Hesse. BMH currently manages seven investment funds with a total invested investment volume of around 125 million euros. Since its foundation, BMH has invested in a total of more than 500 companies. The investment focus is on the software & IT, life sciences, mechanical and plant engineering, industrial goods, professional services and e-commerce sectors, among others. More information about BMH and its funds: www.bmh-hessen.de
About C3 Venture Capital
C3 Venture Capital is a venture capital firm that invests in exceptional blockchain technology companies worldwide. C3’s mission is to accelerate the growth, development and adoption of blockchain-based business models. The C3 Tech VC fund focuses on early and growth stage technology companies and typically takes a minority stake. C3 operates globally and is based in Frankfurt, Germany.
About seed+speed Ventures
seed+speed Ventures is a pre-seed and seed investor focusing on B2B software startups in the DACH region. The company invests in visionary founders with promising ideas for the future. In recent years, the portfolio has grown to more than 50 companies, including in the areas of FinTech, supply chain, cybersecurity, EdTech and mobility. The founder is Carsten Maschmeyer. The entrepreneur, investor, best-selling author, speaker and TV judge invests in startups in Europe and North America through his investment companies seed+speed Ventures, ALSTIN and Maschmeyer Group Ventures.
seed + speed ventures GmbH, Dr. Stefan Ebner (Head of Communications), Maximilianstr. 34, D-80799 Munich