21X, a platform for registered tokenized securities and tokenized money has officially partnered with Chainlink to launch the first EU regulated listed securities market in the European financial ecosystem. BaFin will supervise the platform as it comes online early 2025.
Blockchain technology is used to simplify trading and settlement of tokenized securities digital representations of traditional assets including bonds and shares. These digital assets promise faster, more efficient transactions while maintaining strict regulatory standards by means of removing intermediaries.
21X Enhances Efficiency with Cross-Chain Interoperability Protocol (CCIP)
Based on the potential of blockchain’s distributed ledger system, 21X is using it to cut wait time in trading processes without jeopardising compliance. Action will further boost the platform’s capability by linking Cross Chain Interoperability Protocol (CCIP), a protocol that facilitates real time price updates and seamless transactions between several blockchain networks.
It will enable 21X users to trade tokenised assets issued on a chain across a spectrum of protocols with CCIP technology included. Moreover, the platform will facilitate stablecoin business with high investment expansion opportunities and a feasible trading environment. According to the announcement by the platform, CCIP enhances accessibility and ‘interoperability’, ‘thus making it easy for users.’
Under the Distributed Ledger Technology (DLT) Pilot Regime operated by the EU, 21X will operate under extremely extreme legal and security standards. The purpose of this regulatory framework is to support the investors in gaining a transparent and secure access to the trading of digital assets, closing the gap between blockchain innovation and conventional financial systems. 21X CEO Max Heinzle stated:
“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.”
Chainlink Labs spokesperson Angie Walker underscored the partnership’s importance of reliability and security: “This is a big leap forward in building trust in regulated blockchain markets.” The 21X-Chainlink partnership is a major step in integrating digital assets into Europe’s financial landscape, by aligning blockchain technology with strong regulatory oversight.
