Announcing the launch of Europe’s first EU-regulated tokenized securities market, 21X and Chainlink Partner for Legal and Regulatory Tokenized Securities Market in Europe A major turning point for Germany’s blockchain ecosystem, the new platform will be falling under supervision of BaFin after its debut in early 2025.
Aim, the platform wants to revolutionize the trading and settlement of tokenized securities, digital versions of traditional financial assets, including bonds and shares. The ambition of 21X is to simplify these transactions by mitigating intermediaries and increasing efficiency and compliance with regulatory standards through the power of blockchain technology.
Chainlink Powers 21X with CCIP and Interoperability
Chains Link will be instrumental in the platform’s development, filling its engines with price feeds and multi-chain capabilities using Cross-Chain Interoperability Protocol (CCIP). With this integration, 21x will be able to integrate accurate, real-time market data and have seamless access to assets across multiple blockchain networks.
The announcement said: “21X’s chain will then connect with Chainlink’s technology to facilitate on-chain price updates and cross-chain interoperability, thus enabling 21X users to transfer and transact with assets and stable coins across various blockchain protocols in a seamless manner.” To illustrate, the ability to trade tokenized assets from 1 blockchain token on 21X’s platform simplifies trading for investors while boosting liquidity.
Under the EU’s Distributed Ledger Technology (DLT) framework, the new platform will operate under some of the most stringent legal and security standards. This regulatory framework should deliver a secure and transparent environment for investors, thus providing them confidence in the tokenised asset market.
“We are delighted to announce our partnership with Chainlink as we put in place all the elements required to launch Europe’s first tokenized securities market infrastructure under the EU’s DLT Regime,”
21X CEO Max Heinzle.
Chainlink Labs spokesperson Angie Walker noted that the partnership is important to preserve the reliability and security of blockchain based markets. “The creation of the Polish Blockchain Bridge is a major step forward that leverages blockchain innovation to close the gap between digital and traditional assets on the continent.”
The goals for merging blockchain technology with the traditional rules and regulations come in the form of a collaboration between the 21X and Chainlink as the tokenized securities market keeps developing further. Furthermore, it promises to increase access to tokenised assets across Europe, driving digital assets closer to the mainstream of financial world adoption.
