Virtual Stock Option Plan (VESOP) gives every employee the benefit to be a shareholder of a company without an actual ownership rights structure between employer and employees.

Robo Advisory refers to semi- or fully automated financial services (investment advice and/or management) by considering the customer-specific risk and requirement profiles.

Private banking consists of the personal service provided by a financial institution to a wealthy client.

Open banking, a secure data sharing to innovate the industry.

InsurTech stands for Insurance and Technology. It refers both to digital technology solutions for insurance services and to their providers (often start-ups).

FinTech stands for Financial Technology, representing any technology for financial services for more efficient solutions to improve financial efficiency.

The blockchain is a decentralized database network in which information is stored in a secure and transparent environment.

With a 51 percent attack, a potential attacker manipulates a blockchain - or block - by combining the majority (>51%) of the computing power in a network.

Professional financial advisory and asset management services can be classified into two categories: According to the so-called financial investment broker license (licensing according to § 34f German Trade Regulation Act (Gewerbeordnung, GewO))

Professional financial advisory and asset management services can be classified into two categories: According to the so-called financial investment broker license (licensing according to § 34f German Trade Regulation Act (Gewerbeordnung, GewO)) or a

A two-factor security token grants access to a sensitive network system - e.g., a bank account.

Wealth management is the provision of long-term professional investment advice and asset management services to high net worth individuals.

Utility tokens provide access to a product/service and/or represent the right to use a product/service or function of a project.

Tokens can be described as digital units of value representing specific assets or utilities that rely on existing blockchain technology.

Stable coins are cryptocurrencies that digitally represent a stable (underlying) value and guarantee value parity.

Smart contracts are computer protocols which are linked to tokens.

A security token offering (STO) describes a public offering of security tokens - i.e. of values, rights or debt relationships (=securities) that are mapped via digital assets.

A security token (also "equity token" or "investment token") is a cryptographic token that is tied to a value or security.

Privacy coins are cryptocurrencies (or cryptocurrency projects) designed to ensure anonymous transactions.

Personal tokens (also known as social tokens) are a special form of token that allow for investors to share in the issuer's (personal) earnings.

As the name suggests, payment tokens are classic cryptocurrencies that can be used as a means of payment.

Open source means that the source code of a software is publicly accessible (online) for everyone.

Non-fungible tokens (NFT) are unique crypto tokens; they cannot be multiplied arbitrarily.

The mining reward is the remuneration received by miners.

In a mining pool, several entities join together to "mine" a cryptocurrency.

A miner is a computer or group of computers that verify blocks from other miners on theBitcoin network.

Cryptocurrencies (also currency tokens) are encrypted digital currencies such as Bitcoind or Litecoin.

Scamming ICOs have tarnished the reputation of blockchain investing. To mitigate the risk, a new form of ICOs has emerged, known as Initial Exchange Offering (IEO).

ICOs are primarily used to release new cryptocurrencies onto the market and to realize initial corporate financing. Increasingly, ICOs are also being used to finance projects.

ESG refers to environmental, social and governance practices of businesses and describes a standard for sustainable investments. Most sustainability ratings are based on the analysis, evaluation and weighting of these ESG criteria.

ERC-721 tokens are non-fungible tokens (NFT) based on Ethereum.

ERC-20 tokens (also known as smart contracts) are standardized/unified tokens based on the Ethereum platform.

The e-wallet provides a digital overview of all finances and account transactions.

E-money (electronic money) is the digital equivalent of cash and co.

Digital securities, also known as Security Token are blockchain-based representations of a security.

Digital assets comprise digital representations of values that are accepted by individuals or legal entities as a means of exchange or payment, and/or serve investment purposes. Digital assets can be transferred, stored and traded electronically – e.

In a Bitcoin transaction, Bitcoin values are transferred from one wallet to another. The transfer is secured by digital signatures and is stored in the Bitcoin network (blockchain), where it is transparently visible to all users (and remains visible

Bionic Advisory is a type of financial advisory and wealth management that has been gaining popularity in Asia and North America for several years. It relies on hybrid advisory approaches, next-gen technologies and evolutionary algorithms

Big Data refers to vast amounts of data that are too large, too complex, too weakly structured and/or too short-lived to be processed and evaluated using conventional or manual methods.

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) is a financial market supervisory authority that supervises and controls all areas of finance in Germany, including banks, financial service provider

Beacon technology allows for contactless data exchange via Bluetooth.

In BaaS, individual banking functions are detached (unbundling) and made available to third parties. The users include FinTechs and other banks as well as other branches/subsidiaries of the bank itself.

Atomic swap describes a cross-blockchain P2P transaction between two independent parties in which they exchange two different crypto assets (usually cryptocurrencies) directly with each other without involving intermediaries.

Asset management is the professional creation and management of financial portfolios by asset managers.

APIs are programming interfaces that provide a link to other software programs and facilitate the swift exchange of information. In short, programs/applications can access functions of external applications or companies via APIs.

Anti-Money Laundering (AML) regulations are designed to prevent financial fraud.

Airdrop involves distributing additional units of a digital asset (e.g., a cryptocurrency or token) to holders - or the public - for free.

Access to Account (XS2A) refers to the ability of a financial institution to implement special online banking services via corresponding APIs.