Chainlink and 21X to Build Financial Market Infrastructure for Tokenized Securities in the EU
Chainlink and 21X, a Frankfurt-based fintech firm, introduced a partnership on December 2 to develop Europe’s first EU-regulated monetary market infrastructure for tokenized securities. The platform is scheduled to launch in Q1 2025. The platform will likely be overseen by Germany’s Federal Monetary Supervisory Authority (BaFin) and can use Chainlink’s expertise to carry out a number of key features.
These embrace offering safe and correct value knowledge feeds for listed merchandise, enabling cross-chain interoperability by way of the Chainlink Cross-Chain Interoperability Protocol (CCIP), and facilitating entry to property and stablecoins throughout a number of blockchain protocols. The partnership goals to help institutional adoption of tokenized securities by enabling the issuance, buying and selling, and settlement of shares, bonds, and funds primarily based on good contracts.
The blockchain oracle supplier’s native token has surged after asserting a brand new securities tokenization partnership in Europe. Chainlink’s value has soared greater than 36% to a virtually two-year excessive, topping $26 in late buying and selling on December 2. LINK has greater than doubled up to now month, rising from below $11 in early November to right this moment’s peak, the best since January 2022.
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