Fixing Europe’s Issuance Problem – New Podcast Episode with Michael Duttlinger from Cashlink

How can Europe build a more efficient infrastructure for the issuance of tokenized securities?

In the new episode of Inside Digital Assets, host Lidia Kurt speaks with Michael Duttlinger (CEO and Co-Founder of Cashlink) about the next stage in the development of digital capital markets. At the center of the discussion is the question of why the future of tokenized securities in Europe will be neither fully centralized nor fully decentralized.

The episode explains why regulated intermediaries will continue to play an important role even in a blockchain-based market infrastructure. Among other topics, it explores the German crypto securities registrar model, which provides institutional issuers with a clear regulatory framework for issuing digital securities.

The conversation also addresses Europe’s structural challenges on the issuance side. While trading and settlement continue to evolve, the issuance of tokenized securities remains largely organized at the national level. Michael Duttlinger identifies this as one of the key issues the European market still needs to solve.

Another focus of the episode is the transition from pilot projects to scalable implementation. It highlights why real progress only happens when financial institutions move beyond experimentation and carry out actual issuances, bringing not only innovation teams but also compliance, operations, and other key functions on board.

The episode offers valuable insights for anyone interested in digital assets, tokenization, and the future of capital market infrastructure in Europe.

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