The post 21X, Chainlink Bring Europe’s First Tokenized Securities Market, Price Looking Up appeared on BitcoinEthereumNews.com.

In early 2025, 21X will launch Europe’s first regulated tokenized securities market in partnership with Chainlink. An uptick in Chainlink price coincides with this development, as well as the overall market bullishness. In collaboration with BaFin, the platform aims to bring traditional finance and blockchain technology together with increased market security and efficiency. 21X Partners with Chainlink to Launch Regulated Tokenized Securities Market in Europe Chainlink announces a strategic partnership with 21X to launch Europe’s first EU-regulated tokenized securities market. – Advertisement – The platform is set to go live in early 2025, under the regulatory oversight of Germany’s Federal Financial Supervisory Authority (BaFin). This is a major advance for tokenized assets, bridging the divide between blockchains and traditional financial systems. This collaboration has the potential to increase market security, transparency, and efficiency in addressing issues presented in the current financial system. – Advertisement – Chainlink’s Role and Platform Features In addition, 21X will leverage the crucial infrastructure that Chainlink provides, including real-time price feeds and cross-chain interoperability. 21X will enable smooth asset transfer across different blockchain networks using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to provide increased liquidity and efficiency. Market data and assets from other blockchain protocols are made accessible to users in this feature, allowing developers to be more flexible. Under the EU’s Distributed Ledger Technology (DLT) regime, 21X will enable the trading of tokenized assets in compliance with all the relevant regulatory standards. 21X will offer regulated services such as order matching, settlement, and registration to set up a secure base for the tokenized market of securities in Europe. Moreover, Chainlink’s price feeds will improve market data accuracy and reliability, contributing to better decision-making of the users. The arrival of the partnership comes at a crucial moment for the European crypto market after the EU’s Markets in…

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Filed under: News - @ December 5, 2024 10:19 am