21X has been approved by Germany's BaFin and plans to launch a tokenized financial instrument trading platform in the first quarter of next year

21X, a tokenized asset trading platform running on Polygon, has been approved to go live by German financial regulator BaFin. It plans to launch a tokenized financial instrument trading platform at its headquarters in Quarter 1 in 2025. It plans to support the trading of tokenized equity, debt securities, funds, and real-world assets (RWA), such as real estate or artworks eligible for financial instruments. It is reported that in addition to BaFin, Deutsche Bundesbank (Deutsche Bundesbank), the European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) are also involved in the approval of 21X. (Coindesk)