21X and Chainlink Partner to Launch EU-Regulated Tokenized Securities Market Infrastructure

Frankfurt, 2nd December 2024: In a significant development in the fintech and blockchain sectors, 21X, a Frankfurt-based fintech company, has announced a strategic partnership with Chainlink, a leading decentralized oracle network. This collaboration is aimed at preparing for the launch of 21X’s EU-regulated financial market infrastructure (FMI) for tokenized securities.

The partnership will enable 21X to leverage Chainlink’s standard for on-chain finance, verifiable data, and cross-chain interoperability. This integration will enrich tokenized assets with high-quality data and facilitate cross-chain interoperability, essential for the operation of 21X’s on-chain trading, matching, and settlement system. The system, which will be launched under the supervision of BaFin, Germany’s Federal Financial Supervisory Authority, will provide order matching, trading, settlement, and registry services for tokenized money and securities.

Max Heinzle, founder and CEO of 21X, expressed enthusiasm about the partnership, stating that it is a crucial step in launching Europe’s first tokenized securities market infrastructure under the EU’s DLT Regime. He highlighted that 21X will launch in Q1 2025 on a public permissionless blockchain and will utilize Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to make a variety of tokenized assets accessible to clients and prospects.

Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, emphasized the importance of reliability and security in regulated blockchain-based markets. She noted that Chainlink’s infrastructure will provide valuable support for enhancing the user experience of 21X’s tokenized securities market infrastructure by ensuring highly accurate and reliable market data.

This partnership is part of 21X’s broader strategy to enable smart contract-based issuance, trading, and settlement of tokenized stocks, bonds, and funds. With institutional adoption of tokenized securities on the rise, 21X is well-positioned to become one of the first companies authorized to operate under the EU DLT regime.