FRANKFURT, 30 January 2025: 21X – which recently received the first ever license to operate an EU-regulated venue for the trading and settlement of tokenized securities – and ABN AMRO – the leading Dutch bank – today announced the completion of a joint partner initiative in preparation for the launch of 21X’s digital asset exchange. With the successful completion of a joint proof of concept (PoC), ABN demonstrated membership readiness on 21X’s on-chain market infrastructure to facilitate tokenization, custody and trading functionalities for tokenized securities.
The joint PoC provides a practical demonstration of the end-to-end value chain for tokenized assets. Building on ABN AMRO’s tokenization capabilities, the bank issued an ERC-3643 token on the Polygon Amoy Testnet which was listed by 21X as a trading pair with an ERC-20 based E-Money Token.
After successful listing on the Testnet, the matching of buy and sell orders was made atomically and settled on the blockchain within a few seconds. The deployment of 21X’s on-chain order book smart contract enabled trading between tokenized cash and the tokenized asset in one single transaction. Utilizing ABN AMRO’s institutional wallet solution, it becomes the first bank to showcase membership readiness as a future participant on 21X.
Max Heinzle, CEO of 21X, said:
“As part of our launch preparations we are now in the process of onboarding institutional participants. The PoC with ABN AMRO is a great example of raising awareness of the efficiency gains and cost savings that can be realized with our on-chain trading and settlement system.”
He continued:
“Digital asset pioneers, such as ABN AMRO, are crucial to fostering innovation in capital markets to fulfil our mission to unlock the full potential of distributed technology.”
Martijn Siebrand, Program Manager, Digital Assets, at ABN AMRO, added:
“Our partnership with 21X continues our pioneering role at the forefront of asset tokenization by making available tokenized assets for trading and settlement. Following our issuance of tokenized green bonds to professional and institutional investors, and the provision of ABN AMRO digital asset custody and account capabilities, we are now adding secondary market capabilities to our scope through our cooperation with the leading European DLT trading and settlement system.”
Following this successful project, the collaboration will be expanded to the live system for the upcoming launch of 21X, facilitating access to assets listed on 21X for ABN AMRO’s client base. This partnership marks a significant step by both companies to work together to offer a more efficient and inclusive capital market ecosystem.
As Max Heinzle concluded: “By leveraging DLT and fostering collaboration, 21X and ABN AMRO aim to unlock new opportunities for investors, issuers, and intermediaries across the globe.”
About 21X
21X is a Frankfurt-based financial institution at the forefront of revolutionizing capital markets through the use of blockchain technology. In December 2024, 21X secured a license to operate its groundbreaking distributed ledger technology (DLT) trading and settlement system (DLT TSS) trading venue, a milestone that places the company as a leader in the transition to digital finance. The company is ideally positioned to enable smart contract-based issuance, trading and settlement of tokenized stocks, bonds and funds.
21X exchange is set to launch in the spring of 2025, bringing the future of capital markets to life.
See the short explainer video on 21X and our blockchain-based exchange here
For more information on 21X, contact:
Richie MacTaggart, head of PR & marketing
Mail: press@21X.eu
Mob: +44 7828173419
Web: https://www.21x.eu/
LinkedIn: https://www.linkedin.com/company/21x/
About ABN AMRO
ABN AMRO is one of the largest banks in the Netherlands. As a personal bank in the digital age, we bring convenience to everyday banking and offer customers our sector and sustainability expertise in moments that matter. We have a clear purpose: Banking for better, for generations to come. We are one of the largest retail banks in the Netherlands, serving more than five million account holders and 350,000 small and medium-sized enterprises. Our Wealth Management client unit is one of the leading private banks in the Netherlands, Germany, France and Belgium and manages more than EUR 200 billion in investments for clients. Through our Corporate Banking client unit, we provide banking and advisory products and services to more than 9,000 companies in the Netherlands and Northwest Europe. Our shipping, financial institutions and new energies departments are active throughout Europe. Through ABN AMRO Clearing, we are also one of the world’s leading clearing banks.
For more information, visit: www.abnamro.com
