Frankfurt based digital exchange startup 21X has announced that it has become the first ever entity to receive a license to operate a blockchain-based trading and settlement system that is fully regulated in accordance with EU law. Granted by BaFin, Germany’s financial supervisory authority, the company said that this license marks a milestone moment for tokenized capital markets globally.
21X, now regulated as a financial institution following the award of this license, plans to launch its exchange for tokenized financial instruments from its Frankfurt headquarters in the first quarter of 2025.
Harnessing the transformative power of blockchain, 21X said it is set to revolutionize capital markets through the trading and settlement of tokenized securities, including equity and debt securities, as well as funds – along with real-world assets (RWAs) such as real estate or artworks that qualify as eligible financial instruments….
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