German fintech firm 21X has secured regulatory approval to launch a blockchain-based tokenization platform under the EU’s DLT Pilot Regime. The license, granted by Germany's BaFin, allows 21X to operate a trading and settlement system for tokenized financial instruments from its Frankfurt base. The platform is set to launch in early 2025, offering services like tokenization, issuance, and trading. Collaborating with partners like Polygon and Chainlink, 21X aims to leverage blockchain's scalability and security. This marks a significant step in integrating blockchain with traditional financial markets.