21X and Tokeny have today announced that they have signed a strategic partnership as they look to revolutionize capital markets. Having developed the very first DLT trading and settlement system (DLT TSS) under the European Union’s DLT regime, 21X is teaming up with Tokeny – the leading on-chain finance operating system – to allow issuers using Tokeny’s white-label platform or APIs to admit financial instruments to trading on 21X.
21X’s smart contract-based trading venue allows participants for the first time to undertake fully regulated trading of financial instruments according to the EU DLT Regime. 21X is working with a number of tokenization companies to permit matching, trading and settlement of tokenized assets – and now includes Tokeny, the leading tokenization platform.
As part of its collaboration, Tokeny connects DINO, the distribution network for tokenized real-world assets (RWA) and securities with 21X’s market infrastructure to foster liquidity and tradability of ERC-3643-based assets. Acting as the interoperable distribution network for tokenized assets, DINO plays a pivotal role in the digital asset ecosystem with an extensive reach of over 50 liquidity platforms, providing the flexibility for ERC-3643-based tokenized securities to be listed and traded seamlessly across any of these blockchain-based channels.
Tokeny and 21X are enhancing compatibility between ERC-3643 tokens and the DLT trading and settlement system of 21X. By providing access to 21X, Tokeny’s customers will be able list their assets on an ESMA-regulated secondary market, ensuring end-to-end compliance for issuers and investors. Meanwhile, clients of 21X gain access to Tokeny’s white label tokenization solutions, providing them with the ability to issue, manage, and distribute tokenized securities with a no-code platform while expanding their investor base through liquidity pools and participants within the DINO distribution network.
Max J. Heinzle, founder and CEO of 21X, said:
“In Tokeny, 21X is partnering with one of the world’s leading asset tokenization providers, with over 120 customers and almost $28 billion in assets tokenized, to date.
“Everybody is working hard to have all the elements of our digital asset ecosystem in place to go-live by the end of 2024. This includes building strong partnerships with the likes of Tokeny and we are looking forward to their customers’ digital assets being available to trade on 21X as soon as our exchange begins operating.”
Luc Falempin, CEO of Tokeny, added:
“We’re excited to team up with 21X to not only allow our customers to list tokenized securities on 21X, but also to collaborate in building liquidity rails by expanding the DINO distribution networks to support ERC-3643 token issuers. Together, we are laying the foundation for the future of tokenization.”
About 21X
21X is a Frankfurt-based fintech, developing a blockchain-powered exchange for tokenized assets, which will operate under the regulatory supervision of the European Securities and Markets Authority (ESMA).
With the institutional adoption of tokenized securities, 21X is ideally positioned to enable smart contract-based issuance, trading and settlement of tokenized stocks, bonds and funds. 21X has submitted its license application to operate a DLT trading and settlement system (DLT TSS) and is expected to be one of the first companies authorized to operate under the EU DLT regime.
See the short explainer video on 21X and our blockchain-based exchange here (YouTube).
About Tokeny
Tokeny provides the leading on-chain finance operating system, leveraging market standards like ERC-3643, to bring control, compliance, and efficiency in the era of open finance. It enables seamless issuance, transfer, and management of tokenized securities. The enterprise-grade platform and APIs unify fragmented on-chain and off-chain workflows, integrating essential services to eliminate silos. By automating operations, offering innovative on-chain services, and connecting with any desired distributors, Tokeny helps financial actors attract more clients and improve liquidity. Trusted globally, Tokeny has successfully executed over 120 use cases across five continents and facilitated 3 billion on-chain transactions and operations.
For more information on 21X, contact:
Richie MacTaggart, head of PR & marketing
Mob: +44 7828 173419
Mail: press@21.finance
LinkedIn: linkedin.com/21x
Web: 21X.eu
For more information on Dfns, contact:
Christopher Grilhault des Fontaines, Co-CEO
Mobile: +1 646 491 1279
Email: chris@dfns.co
For more information on Tokeny, contact:
Name: Shurong Li, head of marketing
Mail: shurong@tokeny.com
LinkedIn: https://www.linkedin.com/company/tokeny/