Germany seemed to be strict about crypto.  Couple of months ago German officials were even mulling around the idea of banning Crypto.  

In the midst of this negative sentiment came a refreshing news.  Germany's BaFin has issued a license to Black Manta Capital Partners to provide an end-to-end Security Token Offerings.

In a press release, Black Manta Capital Partners stated that "As of August 1st 2019 and after 9 months of intense and fruitful procedures with the German regulator, BMCP GmbH is now a Financial Services Institution according to § 1 Abs. 1a Satz 2 Nr. 1 KWG (Kreditwesengesetz), regulated by the German Financial Market Authority (BaFin): this in order to provide regulated financial brokerage services (i.e. Wertpapiervermittlung & Abschlussvermittlung) using Blockchain technology in accordance with the MiFID II regime."

This is a welcoming news from the Deutschland.  

The press release further states "With so-called Security Tokenization, BMCP GmbH converts rights to an asset into a digital token, creating intelligent investment contracts on a blockchain. This innovation in financial products creates completely new access to capital for small and medium- sized enterprises, real estate projects, startups, commodity markets or funds – as well as new access to investments for new investors."

In spite of a general skepticism toward crypto, this move to regulate security tokens is an indication of the institutional demand to tokenize securities and assets to improve liquidity for the businesses.

Apart from digitizing securities, Tokenization allows companies to create liquidity by converting hard assets into tokens such as machines, real estate and other assets, instead of relying on an outside source for funding needs. 

In the coming decade, Security Tokens are expected to revolutionize how companies raise capital for their operational and expansion needs.

EDIT: Based on comments from few folks from Germany - I have removed the anti-crypto comment from the article.