21X: EU-Regulated DLT Trading and Settlement Infrastructure
21X builds blockchain-based trading and settlement infrastructure. In late 2024, the German financial regulator BaFin licensed 21X under the EU DLT Pilot Regime to operate a fully regulated blockchain trading and settlement venue for tokenized capital markets and onchain settlement.
21X provides an end-to-end compliant workflow for tokenization, issuance, listing, trading, and settlement of tokenized securities and eligible real-world assets, serving institutional investors, retail investors, and regulated intermediaries.
Atomic Matching and Settlement for Onchain Trading
Smart contract-based atomic matching and settlement is positioned to enable faster trading with reduced counterparty risk and reduced credit risk through integrated onchain execution between e-money tokens and DLT financial instruments.
This design supports a shorter transaction chain, fewer intermediaries, and a more transparent post-trade flow within regulated digital asset infrastructure and institutional reporting rules.
Supporting Financial Innovation
21X is enabling secondary trading and onchain settlement for tokenized securities such as tokenized stocks, tokenized bonds, and fund tokens under frameworks like MiCA and the EU DLT Pilot Regime.
The main users are regulated market participants that need compliant access and liquidity, including issuers, banks, brokers, asset managers, custodians, trading firms, market makers, and institutional investors (plus eligible professional and retail investors, depending on instrument and access rules).
21X at Finance Loop events
21X and Finance Loop announced a strategic cooperation on onchain finance in Germany and across Europe. At the Frankfurt Forum on Digital Assets & Applications, organized by d-fine, 21X sat on the panel on DLT-based market infrastructures with DekaBank, 360X and Seturion. In Zurich, 21X and Web3 Network hosted Tokenization & On-Chain Capital Markets, a side event of the Point Zero Forum with speakers from Franklin Templeton, DFNS, AMINA and Chainlink.