21X, based in Frankfurt, gains approval for Europe’s first fully regulated blockchain trading system.
21X, a Frankfurt-based company, has received a license from BaFin, Germany's financial regulator, to operate Europe's first fully regulated blockchain trading and settlement system. This marks a significant advancement for the tokenized securities market, which could reach over $30 trillion by 2030. The exchange, set to launch in early 2025, will offer trading for tokenized assets including equities, debt, funds, and real estate, all under a robust EU regulatory framework.
4 months ago
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