Chainlink Partners with 21X to Launch First EU-Regulated Tokenized Securities Market

21X, a platform specializing in tokenized money and securities, announced a strategic partnership with Chainlink to launch Europe’s first EU-regulated tokenized securities market. The platform is set to go live in early 2025 under the supervision of Germany's Federal Financial Supervisory Authority (BaFin).

The collaboration aims to integrate advanced blockchain technology into traditional financial systems, providing enhanced security, transparency, and efficiency.

The Role of Chainlink in the Partnership

Chainlink will play a critical role in the 21X platform by supplying price feeds and cross-chain functionality through its Cross-Chain Interoperability Protocol (CCIP). This technology will reportedly allow 21X to integrate real-time market data and facilitate seamless asset transfers across multiple blockchain networks.

“We are thrilled to partner with Chainlink as we prepare to launch Europe’s first tokenized securities market infrastructure," said Max Heinzle, Founder and CEO of 21X. "By leveraging Chainlink’s technology, we will offer a secure and efficient platform for trading and settlement on a public permissionless blockchain.”

Key Features of the Platform

1. Regulated Infrastructure: Operating under the EU’s Distributed Ledger Technology (DLT) Regime, 21X will offer regulated order matching, trading, settlement, and registry services for tokenized assets.
2. On-Chain Price Feeds: Chainlink will enable accurate bid and ask price feeds, enriching market data for all listed products.
3. Cross-Chain Asset Accessibility: With CCIP, 21X members will gain access to assets and stablecoins across various blockchain protocols, enhancing liquidity and functionality.

Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, said:

“Our infrastructure will ensure the security and accuracy required for 21X’s tokenized securities platform, fostering trust and adoption across Europe.”

The launch of 21X comes at a pivotal moment for European crypto markets. The EU’s recently implemented Markets in Crypto Assets (MiCA) regulation has disrupted the industry, leading some firms to scale back operations. 

Market Impacts and Chainlink’s Growth

Chainlink’s LINK token has seen significant price momentum following the announcement. On Dec. 2, LINK hit a nearly two-year high of $26.90, marking a 36% surge in late trading. Over the past month, the token’s value surged by 127%, climbing from under $11 in early November.