CoinVoice has learned that, according to CoinDesk, the tokenized asset exchange 21X running on Polygon has received approval from the German financial regulator BaFin to go live, with plans to launch a tokenized financial instruments exchange in the first quarter of 2025 at its headquarters. 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.
According to reports, in addition to BaFin, the Deutsche Bundesbank, the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB) also participated in the approval of 21X. [Original link]