To build its blockchain-based trading platform, 21X has been working with several partners, including Polygon and SBI Digital Markets.
German fintech 21X, one of the four applicants for a blockchain trading infrastructure permit under the European Union’s DLT Pilot Regime, has secured regulatory approval to launch a tokenization platform.
The firm received a license to operate a blockchain-based trading and settlement system regulated by European laws, it announced on Dec. 3.
Granted by German financial supervisory authority, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the license enables 21X to launch its exchange for tokenized financial instruments from its Frankfurt headquarters.
