TL;DR
- 21X and Chainlink have formed a strategic alliance to launch tokenized system of trading and settlements for securities in Europe it is the first system of its kind regulated by the European Union.
- The system will be based on the Chainlink infrastructure. improve data quality and facilitate interaction between blockchains.
- Launch planned for the first quarter of 2025 overseen by BaFin to promote the adoption of tokenized assets.
21X Announces Strategic Partnership with Chainlink in preparation for launch its tokenized securities trading and settlement system in Europe it is the first system of its kind regulated by the European Union.
This systemwhich will provide order matching, trading, settlement and registration services for tokenized money and securitieswill use Chainlink infrastructure to improve data quality and facilitate interaction between different blockchains.
Chainlink will provide reliable data and interoperability
Cooperation includes Implementation of real-time pricing data for assets traded on the new 21X trading system, with secondary price feeds for buy and sell orders. In addition, Chainlink will contribute its Internet Interconnect Protocol (CCIP), providing 21X participants with access to assets and stablecoins issued on various blockchain platforms. This will strengthen the 21X strategy. create a tokenized securities market accessible from multiple networksproviding greater flexibility and liquidity.
Launch 21X scheduled for the first quarter of 2025and the platform will be controlled BaFinGerman Federal Financial Supervisory Authority. With this launch, 21X expects to gain a foothold in the European tokenized securities market by leveraging the EU regulatory framework. promote the adoption of digital assets by institutional investors.
Promotion of digital assets in Europe
Max Heinzle, founder and CEO of 21X, expressed enthusiasm for the partnership, emphasizing that the agreement allows the company to comply with European regulatory requirements and provide clients with access to a wide range tokenized assets. For her part, Angie Walker, global head of banking and capital markets at Chainlink Labs, emphasized that the collaboration will improve the security and reliability of the 21X infrastructureensuring that the data used for transactions is accurate and trustworthy.
Both companies aim to lay the foundation for the development of regulated blockchain markets in Europe, opening up new opportunities for the exchange and settlement of digital assets.
