"BAFIN Performs Impeccably Well"
**21X Fintech Platform Set to Expand Tokenized Securities Offerings**
The world's largest asset managers and prominent issuers are gearing up to join the pipeline, as the 21X Fintech platform prepares for a significant expansion of its offerings. The platform, which operates under the EU's DLT pilot regime, recently listed its first fund on a DLT-based trading and settlement platform named 21X, marking a milestone in the European digital asset market.
The first big listing, a money market fund named "USMO" from UBS, was described by Mr. Heinzle, the CEO of 21X, as uneventful, with the team planning a celebratory event to mark the occasion. The listing is a first of its kind in Europe and is part of the DLT pilot regime, which has been in existence since 2023.
While the initial offerings on 21X were limited to money market funds and blue-chip stock tracker certificates, the platform is now evolving into a comprehensive digital securities exchange. Beyond funds and stock trackers, upcoming offerings on 21X will include tokenized equities, bonds, and funds, broadening its scope in the tokenized securities market.
The secondary market for the listed fund is set to launch in the next few weeks, with over 25 products in preparation for listing on the platform. Initially, trading will only be available for institutional customers, with retail customers to be onboarded in the second half of the year.
Zühlke is the implementation partner for institutional customer integration, while Quantoz supports the platform in processing transactions using MiCA-compliant stablecoins. Apex is the official listing sponsor for the platform, and Dusk is a market participant for access to tokenized real-world assets.
The advantage of investing in the tokenized fund over a classic subscription on the capital market includes faster money generation and self-custody of tokens. The platform is partnering with institutional players, including banks, brokers, asset managers, and fintech innovators, indicating that it will support a diverse ecosystem of tokenized digital assets.
Max Heinzle, the CEO of 21X, is also the founder of Mezzany and 21.finance. Nils Heck, who writes a monthly column critically examining trends in the payment and banking industry, is the author of this article. He is the founder of the journalists' bureau dreimaldrei and the editorial director at Payment and Banking.
In essence, 21X is evolving into a comprehensive digital securities exchange platform offering a wide variety of tokenized financial instruments beyond its initial offerings. As the platform continues to grow and expand, it is set to revolutionize the digital asset market in Europe.
The 21X Fintech platform, with its expansion, aims to introduce tokenized equities, bonds, and funds to its offerings, stretching its influence in the tokenized securities market. Seeking to sustain a diverse ecosystem, the platform is partnering with various banks, financial institutions, and fintech innovators.
As the secondary market for tokenized funds prepares for launch, and the list of products set to debut on the platform grows to over 25, the 21X platform is poised to transform the European digital asset market with its comprehensive business model rooted in technology.
