First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities
Key Takeaways
- 21X, the primary EU-regulated on-chain trade for tokenized securities, has built-in Chainlink information oracles.
- This partnership gives real-time, verifiable market information for tokenized securities on the Polygon blockchain.
21X, the primary blockchain-based trade licensed below the EU’s DLT Regime, has adopted Chainlink information oracles to supply real-time, on-chain market information for its tokenized securities, the businesses introduced Monday.
The mixing, powered by the Chainlink Runtime Surroundings (CRE), allows verifiable market information, together with greatest bid and ask costs with corresponding portions, in addition to final traded costs for securities listed on the 21X platform. This information is accessible in real-time on the general public Polygon blockchain.
Discussing the transfer, Max Heinzle, CEO of 21X, stated it was a “foundational step” that connects blockchains to conventional capital markets. The mixing will enable 21X to securely and reliably ship real-time, verifiable market information for 21X’s listed securities.
“By integrating Chainlink into our regulated DLT buying and selling venue, we’re delivering the transparency, auditability, and collateral utility that establishments require to maneuver on-chain,” Heinzle acknowledged.
Utilizing Chainlink’s infrastructure, which secures the vast majority of DeFi transactions, 21X’s market information is routinely retrieved from on-chain contracts, aggregated, and revealed in a standardized, machine-readable format.
“We’re excited that 21X, the primary totally regulated on-chain marketplace for buying and selling and settlement, has adopted the Chainlink information normal,” stated Fernando Vazquez, President of Banking & Capital Markets at Chainlink Labs. “With Chainlink making 21X’s EU-regulated tokenized securities extra usable throughout the on-chain economic system and serving to convey institutional-grade property to DeFi protocols throughout the globe, it is a pivotal second for the blockchain economic system because it opens the floodgates of institutional capital to circulation on-chain.”
21X plans to broaden the Chainlink integration to incorporate pre-trade information, deeper analytics, and extra asset lessons.
