Electronic Security under the eWpG
German: Elektronisches Wertpapier (eWpG)
A German-law security issued by entry in an electronic register instead of a certificate; the eWpG distinguishes central register securities from crypto securities kept on a distributed ledger.
German issuers checking which instruments can be issued electronically and what the register entry legally achieves.
Elektronisches Wertpapier (eWpG) — Ein Wertpapier deutschen Rechts, das durch Eintragung in ein elektronisches Register statt durch Urkunde begeben wird; das eWpG unterscheidet Zentralregisterwertpapiere von Kryptowertpapieren auf einem verteilten Register.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.