The ECB seats 61 advisers, and 19 of them back a euro stablecoin
The Eurosystem published the 61 members of the Appia contact group, the forum that will advise it on settling tokenized assets in central bank money.
Tokenization platform
Cashlink Technologies GmbH
Licensed by BaFin to run a crypto securities register under Germany's Electronic Securities Act, this Frankfurt platform stands where a central securities depository otherwise would; KfW placed a €100m digital bond through it in July 2024.
The profile
Frankfurt-based infrastructure provider for token-based securities, licensed by BaFin in June 2024 to operate a crypto securities register under Germany's Electronic Securities Act and in December 2024 to provide crypto custody. Because German law permits a registrar in place of a central securities depository for securities issued on distributed ledgers, it occupies the position a depository would otherwise hold. Issuers using the platform include KfW, which placed a €100m digital bond in July 2024, NRW.BANK, Metzler and Helaba's WIBank.
Products and services
- Cashlink Connect
- Registry and issuance platform for token-based bonds, funds and structured products under the German Electronic Securities Act.
- Crypto custody
- BaFin-licensed safekeeping of the private keys attached to the crypto securities the firm registers and issues.
Coverage
Developments in which Cashlink Technologies GmbH is a named party, newest first.
On the record
Eurosystem names the 61 members of its Appia contact group
The ECB published on 19 August 2026 the 61 participants selected to advise the Eurosystem on Pontes and on the Appia roadmap, replacing two earlier groups from September 2026. Nineteen seats belong to the Qivalis euro stablecoin consortium or to Qivalis itself. Axiology said a day later that Pontes goes live on 21 September with four registered DLT operators.