21X, a German fintech company, has just secured a European Union license for its tokenization platform, paving the way for a revolutionary moment in capital markets. This license, granted by the German financial supervisory authority, allows 21X to operate a blockchain-based trading and settlement system under European laws.

Originally published on: December 03, 2024

After 18 months of collaboration with regulatory authorities and financial institutions, including BaFin, the German Federal Bank, ESMA, and the ECB, 21X is set to launch its exchange for tokenized financial instruments in the first quarter of 2025 from its Frankfurt headquarters.

Utilizing partnerships with industry leaders like Polygon, Apex Group, and Chainlink, 21X aims to leverage the scalability and security of blockchain technology to offer cost-effective transaction fees, rapid processing speeds, and robust security measures to its users.

With the EU’s DLT Pilot Regime creating a legal framework for trading and settlement of cryptocurrency assets, 21X is at the forefront of innovation in the evolving landscape of digital finance. Stay tuned for more updates on 21X’s journey as they revolutionize the way we trade and invest in tokenized assets.