21X and Chainlink launch EU-regulated tokenized securities platform
21X, a platform for tokenized money and securities, has announced a partnership with Chainlink to launch Europe’s first EU-regulated tokenized securities market.
The platform, set to debut in early 2025, will operate under Germany’s BaFin regulatory oversight, according to a 21X announcement.
Chainlink will provide price feeds and cross-chain functionality through its Cross-Chain Interoperability Protocol. This will allow 21X to integrate accurate market data and enable seamless access to assets across multiple blockchain networks.
Tokenized securities represent digital versions of traditional assets like bonds or shares, using blockchain technology to simplify trading and settlement. 21X is hoping to streamline these transactions through its distributed ledger system, eliminating intermediaries while maintaining regulatory compliance, according to the press release.
Chainlink’s technology will support on-chain price updates and facilitate interoperability, enabling 21X users to transact with assets and stablecoins on various blockchain protocols.
For example, CCIP will allow a tokenized asset issued on one blockchain to be traded seamlessly on 21X’s platform.
Regulation for digital assets
Operating under the EU’s Distributed Ledger Technology framework, 21X will adhere to strict legal and security standards. This is expected to provide investors with a secure environment for trading tokenized assets, marking a significant step toward integrating blockchain into traditional financial systems.
“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,”
21X CEO Max Heinzle.
Chainlink Labs’ Angie Walker added that the partnership ensures reliability and security in regulated blockchain markets.
The collaboration highlights growing efforts to merge blockchain innovation with regulatory frameworks, potentially expanding European access to tokenized assets.
