Deep Tide TechFlow News, on December 3rd, according to CoinDesk, the tokenized asset exchange 21X operating on Polygon has received approval from the German financial regulator BaFin to go live, with plans to launch a tokenized financial instrument exchange at its headquarters in the first quarter of 2025. The exchange plans to trade tokenized equities, 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, European Securities and Markets Authority (ESMA), and European Central Bank (ECB) were also involved in the approval of 21X.