Bitcoin, Fiat & Rock'n'Roll Germany's Security Token Issuances & Deka’s Digital Asset Monitor
In this episode of Bitcoin, Fiat & Rock’n’Roll, we dive deep into Germany’s pioneering role in tokenized securities under the Electronic Securities Act. Host Manuel welcomes Marion Spielmann (DecaBank) and Benjamin Schaub (Intas) for a comprehensive update on how blockchain is transforming capital markets.
We explore how Germany’s legal framework enables native blockchain issuance of bonds, shares, and funds — without paper certificates — and the role of BaFin licensing for crypto securities registrars. Marion and Benjamin share insights from the Digital Asset Monitor, their semi-annual market report developed with DecaBank, Intas, Frankfurt School Blockchain Center, and WM Datenservice, which tracks issuance volumes, technologies used, and regulatory developments.
Topics include: • Why Germany is ahead with regulated tokenized securities. • Market leaders like Cashlink, Smart Registry, and DecaBank. • The dominance of public blockchains (Polygon, Avalanche) vs. private networks in light of Basel capital requirements. • Shifts in issuance volume post-ECB blockchain settlement trials. • The rise of secondary markets through the DLT Pilot Regime and OTC deals. • How upcoming ECB settlement solutions, wholesale CBDC, stablecoins, and commercial bank money tokens could shape the future.
We also discuss the biggest hurdles: regulatory clarity on capital requirements for public vs. permissioned blockchains, investor adoption, and liquidity. With Europe holding a first-mover advantage, our guests stress the urgency of moving from trials to live operations before being overtaken by other jurisdictions.
If you want a sharp, insider’s view on tokenized securities, market data, and the next steps for digital finance in Germany and Europe, this episode is your guide.
Digital Asset Monitor in English
Digital Asset Monitor in German
Bitcoin, Fiat & Rock'n'Roll Website
Bitcoin, Fiat & Rock'n'Roll Telegram Channel
Relai*: Buy Bitcoin with Relai – you can do a one-time purchase or savings plan: Click here. Use the referral code "ROCK" to reduce transaction fees by 0.1% while supporting Bitcoin, Fiat & Rock'n'Roll.
Value4Value Podcast Streaming: Support our podcast by listening to our episodes on the Fountain Podcast App. This way, if you wish, you can support us "Value4Value" while listening to the podcast. You can find us on the Fountain Podcast App here: Click here
Disclaimer: The content of this podcast reflects the private opinions of the hosts, serves exclusively for general information purposes and does not constitute investment advice. Always remember: Do your own research - inform yourself before making any investment decisions, such as buying Bitcoin. First try to understand what Bitcoin is and how to store it. This podcast does not provide financial advice. Note that the co-hosts might be invested in crypto assets. Read more on our website: Click here
All links marked with "*" are affiliate links. If you use these links for purchase, the podcast receives a small share of the revenue without any additional costs to you. On the contrary, affiliate links often include discount promotions, so you can even save money. We would appreciate it if you use these links to support us. Thank you very much!