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Germany Is Seeking Public Opinions On Tokenized Investment Funds
Summary: According to a public document, the German Federal Ministry of Finance has begun to solicit public comments, aiming to collect feedback on the introduction of tokenized mutual funds. The bill allows investment funds to issue tokenized units on the blockchain, and the tokens represent a certain number of shares in a regulated fund. The drafter of ...
According to a public document, the German Federal Ministry of Finance has begun to solicit public comments, aiming to collect feedback on the introduction of tokenized mutual funds.
The bill allows investment funds to issue tokenized units on the blockchain, and the tokens represent a certain number of shares in a regulated fund. The drafter of the bill stated that when other European jurisdictions shift to tokenization, the German financial industry may be at a disadvantage. In addition, Tokenization provides many benefits, such as the ability to lower investment barriers and reduce management costs associated with new investors.
The public can submit comments before October 1, 2021.
By Mary Liu
Tags: Blockchain,Funds,Germany,tokenized
Link: Germany Is Seeking Public Opinions On Tokenized Investment Funds [Copy]
