What to know:
- In a curious twist of fate, ABN AMRO has waltzed into the realm of onchain trade, exchanging tokenized assets for stablecoins, hand in hand with the illustrious Germany-regulated 21X.
- Ah, the Frankfurt-based 21X, a noble architect of a blockchain exchange, has charmed the German regulator BaFin into granting its approval last December. Bravo! 🎉
In the grand theater of finance, the Dutch bank ABN AMRO has taken a bold step, engaging in an onchain trade of tokenized assets against stablecoins, all while sharing the stage with the ever-so-regulated 21X from Germany. What a spectacle! 🎭
These two illustrious entities have completed a joint proof of concept (PoC) for the issuance of a token on the Polygon Amoy Testnet, which, in a twist of irony, was listed as a trading pair with an e-money token. How delightfully modern! 📈
“The deployment of 21X’s on-chain order book smart contract enabled trading between tokenized cash and the tokenized asset in one single transaction,” the firms proclaimed, as if they had just discovered fire. 🔥
Our dear 21X, the Frankfurt-based visionary, is diligently constructing a blockchain-based exchange to list and trade tokenized securities, having won the coveted approval from the German regulator BaFin last December. A round of applause, if you please! 👏
Tokenization, that curious alchemy of transforming real-world assets like stocks or bonds into mere tokens on a blockchain, has captured the imagination of traditional financial (TradFi) firms in recent years. Who knew finance could be so whimsical? 🥳
With blockchain-native companies like 21X securing regulatory approval in the grand halls of major financial centers, the TradFi companies can now enter partnerships with them, advancing their tokenization plans with a newfound confidence. Oh, the irony of it all! 🤔
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2025-01-30 12:26