Dutch bank ABN AMRO and Germany-regulated 21X have completed a joint proof of concept for trading tokenized assets against stablecoins on the Polygon Amoy Testnet. The deployment of 21X's on-chain order book smart contract allowed for trading between tokenized cash and the tokenized asset in a single transaction. 21X, which is building a blockchain-based exchange for tokenized securities, received approval from German regulator BaFin in December. The approval of blockchain-native companies like 21X in major financial centers enhances the confidence of traditional financial firms in entering partnerships to advance their tokenization plans.



Other News from Today