Quantoz teams up with DLT Pilot firm 21x for the development of atomic settlement system using regulated stablecoins.
21X Digital Securities Trading Platform Goes Live Under EU DLT Pilot Regime
In a significant move for the European digital securities market, the 21X digital securities trading platform has been licensed under the EU DLT Pilot Regime. This regulatory sandbox allows for the trading of digital securities with blockchain technology in a compliant framework.
One of the key features of the 21X platform is its partnership with Quantoz Payments, a Netherlands-based e-money institution licensed in Europe. This partnership enables atomic settlement using regulated stablecoins, ensuring trades on 21X can be settled instantly and irreversibly in a single transaction.
The use of regulated stablecoins, such as EURQ, USDQ, and EURD issued by Quantoz, provides price stability and regulatory clarity in settlement. This partnership also integrates Quantoz-issued Electronic Money Tokens (EMTs) for settlement purposes.
The 21X platform offers innovative features like on-chain order books and atomic settlement, providing a seamless and secure digital securities trading experience. The platform is designed to meet evolving EU regulatory standards for digital asset trading, prioritising security, transparency, and compliance.
In an exciting development, the platform will quote all digital securities against specific stablecoins rather than simply in euro. This approach is expected to provide a more efficient and stable trading environment.
The partnership between 21X and Quantoz demonstrates the emerging ecosystem of partners for regulated digital securities trading in Europe. Other entities involved in this network include AllUnity, Dusk blockchain, and Quantoz.
While specific operational metrics and technical disclosures about 21X are not readily available, the EU DLT Pilot Regime and the partnership focus align with the current regulatory trends advocating clear, safe, and innovative digital asset market infrastructure.
With the launch of 21X imminent, the platform is set to provide institutional-grade infrastructure for the next generation of digital capital markets. The initial launch will take place on the Polygon blockchain.
As the digital securities market continues to evolve, platforms like 21X are poised to play a crucial role in shaping the future of European digital asset trading. The partnership with Quantoz represents a significant step towards this goal.
[1] EU DLT Pilot Regime [2] White House and EU regulatory trends advocating clear, safe, and innovative digital asset market infrastructure [4] US and EU regulatory reports discussing fit-for-purpose frameworks for digital asset trading platforms and custody
- The 21X digital securities trading platform, operating under the EU DLT Pilot Regime, has partnered with Quantoz Payments, a European e-money institution, to ensure atomic settlement using regulated stablecoins, providing a stable and compliant trading environment.
- The use of regulated stablecoins like EURQ, USDQ, and EURD, issued by Quantoz, offers price stability and regulatory clarity for trades on the 21X platform, integrating Quantoz-issued Electronic Money Tokens (EMTs) for settlement purposes.
- The innovative features of the 21X platform, such as on-chain order books and atomic settlement, are designed to meet evolving EU regulatory standards for digital asset trading, prioritizing security, transparency, and compliance.
- As the digital securities market continues to evolve, platforms like 21X, with their focus on institutional-grade infrastructure and partnerships like the one with Quantoz, are expected to play a crucial role in shaping the future of European digital asset trading, aligning with current regulatory trends advocated by the White House and EU.
