Stock Market Soars with 21st Launch, Labeling it a Significant Event for Spotify Investments
In a groundbreaking move, 21X, a digital asset exchange, has officially launched for trading tokenized cash and securities. This makes it the first regulated financial market infrastructure globally to enable atomic trading and settlement of securities.
Founded by Max J. Heinzle, the CEO of 21X, the platform aims to democratize access and revolutionize capital markets through atomic, peer-to-peer real-time settlement and reduced costs. The launch comes as a result of a momentum shift in demand for tokenized securities that is well underway around the globe.
The platform ensures trading activities uphold the same standards of security, compliance, and transparency as traditional financial systems. Key regulatory representatives who have supported 21X include BaFin, Bundesbank, and ESMA.
Max J. Heinzle described the launch as the 'Spotify moment' for capital markets where on-chain is the new online. He also expressed gratitude to the entire team for their hard work in making 21X a reality.
Order matching and settlement on 21X take place within two seconds, significantly faster than traditional settlement times. This speed, combined with the platform's regulatory backing, positions 21X as a game-changer in the financial industry.
The exchange is backed by industry players such as Chainlink, Circle, Polygon, and SBI Digital Markets, among others. Unlike traditional and other digital asset exchanges, 21X democratizes access to various types of participants, including corporate clients, institutional investors, and banks.
Investors can now use stablecoins, digital cash, and fiat money to buy and sell tokenized assets on 21X. More than 100 financial instruments from globally leading issuers are in the pipeline for 21X.
The launch follows the successful opening of 21X's primary market in May, which listed the first tokenized note. 21X currently operates weekdays from 8am to 5pm CET but will soon expand to 24/7 trading to meet the needs of a global industry.
Today's EU launch marks the beginning of 21X's global growth journey to meet surging demand. Max J. Heinzle described the launch as the beginning of a global growth journey, attributing the success of 21X to the forward-thinking commitment to innovation from employees, investors, partners, and key regulatory representatives.
The success of 21X is expected to compress capital market workflows and can reduce participant costs by more than 50 percent. With its launch, 21X is set to redefine the future of capital markets, making them more accessible, efficient, and cost-effective.
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