TL;DR
- 21X and Chainlink have formed a strategic alliance to launch a tokenized securities trading and settlement system in Europe, the first of its kind to be regulated by the European Union.
- The system will be based on Chainlink’s infrastructure to improve data quality and facilitate interoperability between blockchains.
- The launch is scheduled for the first quarter of 2025 under the supervision of BaFin, with the goal of promoting the adoption of tokenized assets.
21X has announced a strategic partnership with Chainlink as part of preparations for the launch of its tokenized securities trading and settlement system in Europe, the first of its kind to be regulated by the European Union.
This system, which will provide order matching, trading, settlement, and registry services for tokenized money and securities, will leverage Chainlink’s infrastructure to improve data quality and facilitate interoperability between different blockchains.
Chainlink Will Provide Reliable Data and Interoperability
The collaboration includes the implementation of real-time price data for assets traded on 21X’s new trading system, with secondary price feeds for buy and sell orders. In addition, Chainlink will contribute its Cross-Chain Interoperability Protocol (CCIP), allowing 21X members to access assets and stablecoins issued on various blockchain platforms. This will strengthen 21X’s strategy to create a tokenized securities market accessible from multiple networks, providing greater flexibility and liquidity.
The launch of 21X is scheduled for the first quarter of 2025, and the platform will be supervised by BaFin, Germany’s Federal Financial Supervisory Authority. With this launch, 21X expects to establish itself in the European tokenized securities market, leveraging the EU regulatory framework to promote the adoption of digital assets by institutional investors.
Driving Digital Assets in Europe
Max Heinzle, founder and CEO of 21X, expressed his enthusiasm for the partnership, highlighting that this agreement allows the company to comply with European regulatory requirements and provide clients access to a wide variety of tokenized assets. For her part, Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, emphasized that the collaboration will enhance the security and reliability of 21X’s infrastructure, ensuring that the data used for transactions is accurate and trustworthy.
Both companies aim to lay the groundwork for the development of regulated blockchain markets in Europe, opening new possibilities for the exchange and settlement of digital assets