CoinVoice has recently learned that, according to CoinDesk, the tokenized asset exchange 21X operating on Polygon has received approval from the German financial regulator BaFin to go live, planning to launch the tokenized financial instruments exchange at its headquarters in the first quarter of 2025. The exchange plans to trade tokenized equity, debt securities, funds, and real-world assets (RWA), such as real estate or artworks 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) are also involved in the approval of 21X. [Original link]