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."