the tokenized asset trading platform 21X running on Polygon has received approval from the German financial regulatory agency BaFin to go online. The platform plans to launch a tokenized financial instrument trading platform at its headquarters in the first quarter of 2025, with plans to support the trading of tokenized equities, debt securities, funds, and real-world assets (RWA), such as real estate or art that qualify as financial instruments. It is reported that in addition to BaFin, the Deutsche Bundesbank, the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB) also participated in the approval of 21X. (Coindesk)
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21X receives approval from Germany’s BaFin and plans to launch a tokenized financial instrument trading platform in the first quarter of next year
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