21X will launch its exchange with fully regulated asset tokenization
The post 21X will launch its exchange with fully regulated asset tokenization appeared on BitcoinEthereumNews.com.
The German fintech 21X is the first entity to receive the EU license for the new upcoming trading platform, completely based on blockchain. In this way, the tokenization of the financial instruments subject to the exchange is fully regulated. 21X: the trading platform based on blockchain and tokenization become regulated 21X has obtained the EU license to soon launch its new fully blockchain-based trading platform. In this way, the tokenization of financial instruments, subject of the exchange, become for the first time fully regulated. Read all about it here: 21X secures historic EU license to launch the first fully regulated blockchain-based trading venue – 21X pic.twitter.com/zO07KJ4xBf — 21X – European DLT Exchange (@tradeon21x) December 3, 2024 In practice, 21X has become the first entity ever to receive a license to operate with a fully regulated blockchain-based trading system, in accordance with European Union (EU) law. Granted by the BaFin, the German financial supervisory authority, this license marks a milestone for tokenized capital markets globally. Specifically, the expected date for the launch of the new platform with tokenization for financial instruments will be in the first quarter of 2025. 21X and tokenization on fully regulated blockchain in the EU 21X has specified that it will offer the trading and settlement of tokenized securities. Among others, there are equity and debt securities, funds, real-world assets (RWA) such as real estate or artworks that qualify as eligible financial instruments. The fintech company has worked with its partners such as Polygon, Apex Group, and SBI Digital Markets. Specifically, with Polygon Labs, 21X is leveraging the scalability and security of a public blockchain network to execute transactions and settlements on-chain. Thanks to the blockchain, 21X will provide an end-to-end platform that includes asset tokenization, issuance, distribution, listing, and trading, all within the robust regulatory framework…
Filed under: News - @ December 3, 2024 1:25 pm