21X, a fintech company developing a blockchain-based exchange, has formed a strategic partnership with Tokeny, a provider of onchain finance systems, to further the development of tokenized asset markets in Europe. This collaboration focuses on integrating 21X’s Distributed Ledger Technology Trading and Settlement System (DLT TSS) with Tokeny’s platform, facilitating the trading of tokenized securities within a regulated environment.
21X’s DLT TSS, developed under the European Union’s DLT regime, will enable financial instruments issued through Tokeny’s white-label platform or APIs to be listed for trading. This partnership aims to allow regulated trading, matching, and settlement of tokenized assets in compliance with EU guidelines.
Tokeny’s connection to DINO, a distribution network for tokenized real-world assets (RWAs) and securities, will link with 21X’s infrastructure, promoting liquidity and tradeability for ERC-3643-based assets. DINO operates across over 50 liquidity platforms, providing the flexibility for ERC-3643 tokens to be listed and traded across multiple blockchain networks.
“Our collaboration with Tokeny supports our mission to build a fully regulated digital asset exchange,” said Max J. Heinzle, Founder and CEO of 21X. “We look forward to enabling trading for Tokeny’s customers as we prepare for our exchange to go live by the end of 2024.”
Tokeny, which has facilitated the tokenization of nearly $28 billion in assets, will provide 21X customers access to its no-code platform for issuing, managing, and distributing tokenized securities. In return, Tokeny’s customers will be able to list their tokenized assets on 21X’s ESMA-regulated secondary market.
Luc Falempin, CEO of Tokeny, commented, “By working with 21X, we aim to expand the liquidity options for our customers while enhancing the compatibility between ERC-3643 tokens and regulated trading platforms.”
21X and Tokeny expect their combined efforts to provide greater access to liquidity for tokenized securities and expand market opportunities for issuers and investors alike.
About 21X
Based in Frankfurt, 21X is a fintech company developing a blockchain-powered exchange for tokenized assets. The company operates under the regulatory framework of the European Securities and Markets Authority (ESMA), with a focus on tokenized stocks, bonds, and funds. 21X is seeking approval to operate a DLT trading and settlement system and is preparing for the launch of its platform by the end of 2024.
About Tokeny
Tokeny offers an onchain finance operating system that supports the issuance, transfer, and management of tokenized securities. Its platform, based on the ERC-3643 standard, is designed to streamline workflows for financial actors, improve liquidity, and enhance operational efficiency. Tokeny has executed over 120 use cases across five continents, facilitating 3 billion onchain transactions.
Photo by Joey Kyber on Unsplash
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