DLT Firm 21x Collaborates with Quantoz on Atomic Settlement Using Regulated Stablecoins in a Pilot Project
In an exciting development for the European digital securities trading landscape, 21X - a startup licensed under the EU DLT Pilot Regime - has partnered with Quantoz Payments. This partnership aims to revolutionise the atomic settlement of tokenized securities, utilising Quantoz's regulated stablecoins.
21X, under the leadership of CEO Max Heinzle, operates a regulated trading and settlement venue for tokenized securities. The company is set to launch soon, initially on the Polygon blockchain, and will offer innovative features such as on-chain order books. All digital securities on 21X's platform will be quoted against specific stablecoins rather than simply in euro, providing a more efficient trading experience.
Quantoz, a Netherlands-based licensed e-money institution, issues three fully backed stablecoins - EURQ, USDQ, and EURD. These stablecoins are designed to comply with Europe's MiCA regulation, ensuring they meet the highest standards of regulatory compliance. Quantoz Payments' expertise in blockchain-based payments and compliance with regulatory frameworks will be invaluable to 21X's operations.
The partnership between 21X and Quantoz represents an emerging ecosystem of partners for regulated digital securities trading in Europe. It is expected to facilitate instant, secure, and compliant atomic settlement transactions, reducing counterparty risk and improving efficiency in the trading of tokenized assets.
It's worth noting that 21X's Chairman, Alexander Hoptner, also serves as the CEO of AllUnity, a stablecoin joint venture awaiting regulatory approval. AllUnity is a joint venture between Deutsche Bank's DWS, Galaxy Digital, and Flow Traders. The details of AllUnity's role in this partnership are yet to be disclosed.
As with any rapidly evolving industry, it's essential to stay updated on the latest developments. For the most recent information, it would be best to check recent press releases from either company or official statements related to the DLT Pilot Regime. This partnership between 21X and Quantoz marks an exciting step forward in the world of digital securities trading in Europe.
- The stablecoins issued by Quantoz, such as EURQ, USDQ, and EURD, are designed to comply with the MiCA regulation, ensuring they meet the highest standards of regulatory compliance.
- 21X, under the leadership of CEO Max Heinzle, will offer innovative features like on-chain order books and will quote all digital securities on its platform against specific stablecoins, providing a more efficient trading experience.
- The partnership between 21X and Quantoz, which operates on the Polygon blockchain, represents an emerging ecosystem of partners for regulated digital securities trading in Europe.
- The insights gained from this partnership between 21X and Quantoz, coupled with the latest developments in the industry and regulation, are crucial for understanding and staying updated on the advancements in the finance and technology sector, particularly in the world of digital securities trading.
