TechFlow news, October 6 — According to Financefeeds, 21X announced its entry into the U.S. market, having established a legal entity in Delaware and set up a primary office in New York. The company plans to launch a fully regulated blockchain-based digital financial instruments exchange.
21X has held preliminary discussions with the U.S. Cryptocurrency Working Group and the Securities and Exchange Commission (SEC), presenting its vision for capital markets focused on faster settlement, reduced costs, and enhanced transparency. The company now intends to submit an application for approval to the SEC.
The U.S. exchange will offer atomic settlement, reducing the current T+2 settlement process to T+1 seconds. By recording transactions on a public, permissionless blockchain, the exchange will provide auditability and trust levels rarely seen in traditional markets. Supported assets will include tokenized stocks, debt instruments, ETFs, mutual funds, and structured products.
