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Chainlink and 21X to Build Financial Market Infrastructure for Tokenized Securities in the EU

Chainlink and 21X, a Frankfurt-based fintech company, have announced a partnership to develop Europe's first EU-regulated financial market infrastructure for tokenized securities. The platform, set to launch in Q1 2025, will be overseen by Germany's Federal Financial Supervisory Authority (BaFin) and will utilize Chainlink's technology for various functions including price data feeds, cross-chain interoperability, and access to assets and stablecoins across multiple blockchain protocols. This partnership aims to promote institutional adoption of tokenized securities by enabling the issuance, trading, and settlement of smart-contract-based stocks, bonds, and funds. Chainlink's native token (LINK) has surged over 36% to a nearly two-year high following the news, reaching $26 in late trading on December 2.

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