Digital securities are the contemporary development of old familiar and regulated financial products. Already in 1784 Johann Wolfgang von Goethe invested in the commodity market with participations. At that time the securities were decorated with coats of arms and seals and were often printed on handmade paper or animal skin. 1998 - a few hundred years later, the first online broker in Germany was available where you could buy securities without having to go to your bank in person. Now it is finally possible to display the entire life cycle of a security digitally, which has various advantages. Digital securities are therefore the state-of-the-art successors to traditional securities and represent a regulated financial product in a new guise.