According to Ledger Insights, German tokenization company Cashlink Technologies has been granted a cryptocurrency custody license by the country's regulator, BaFin. The company already has a cryptocurrency securities registrar license. Under German law, a registrar can be used instead of a central securities depository (CSD) when issuing securities on DLT. With the new license, Cashlink can now manage the private keys associated with the tokenized securities it participates in issuing and registering.