TechFlow reported on December 3, according to CoinDesk, that 21X, a tokenized asset exchange operating on Polygon, has received approval from Germany's financial regulator BaFin to launch. The exchange plans to roll out a trading platform for tokenized financial instruments at its headquarters in the first quarter of 2025. It aims to list tokenized equities, debt securities, funds, and real-world assets (RWA), such as real estate or artwork qualifying as financial instruments.
Notably, in addition to BaFin, the German Federal Bank (Deutsche Bundesbank), the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB) also participated in the regulatory approval process for 21X.
Add to Favorites
Share to Social Media
