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FRANKFURT, 13 December 2023: 21X - which will soon bring to market its unique trading and settlement system for digital assets based on distributed ledger technology (DLT) - today announced that it has signed partnership agreements with two leading capital markets technology providers – tokenforge and Nucleus Finance. The partnership will enable 21X to cover and streamline the full breadth of the digital securities value chain.
21X provides primary and secondary market infrastructure for the distribution and trading of digital securities - including delivery-versus-payment (DVP) matching and settlement. The partnership with Nucleus Finance will enable 21X to provide financial instrument structuring, lifecycle management, and automated post-trade asset servicing. tokenforge, meanwhile, will work with 21X to deliver tokenization and distribution of digital assets, the technology to hold and maintain a shareholder’s registry, and actions on securities.
21X plans to leverage the ACTUS open source standard for algorithmic contract types to provide a more comprehensive service offering to digital asset issuers on DLT-TSS. Nucleus Finance’s automated workflows will enable issuers on 21X to realize substantial cost savings throughout the entire lifecycle, from asset structuring and servicing to risk management.
The agreement between 21X and tokenforge will create a joint, integrated software and service platform with functionalities for onboarding, custody integrations, standardized tokenization, distribution, and trading in the secondary market of digital assets, including security tokens, electronic securities and DLT financial instruments.
Max J. Heinzle, founder and CEO of 21X, said: “As we build towards securing our EU license and bringing to market our DLT exchange, it is important that we are able to provide our customers with a full-service ecosystem for trading of digital assets. By 21X signing partnership agreements with tokenforge and Nucleus, all three companies will have the opportunity to expand our offerings and strengthen our presence in the burgeoning digital assets industry.”
21X is a disruptive fintech, developing a game-changing blockchain-powered distributed ledger technology (DLT)-based trading and settlement system (DLT-TSS) for tokenized financial assets, which will operate under the regulatory authority of the European Securities and Markets Authority (ESMA). Tokenized financial instruments - such as stocks, bonds, or funds – are driving the next wave of institutional adoption of blockchain technology, which will unlock profound changes to capital markets and global finance.
21X has submitted its application for a license to operate a European DLT exchange, and is expected to be one of the first companies - if not the first - authorized to operate. With the growth of digital asset issuance and trading, 21X is ideally positioned to enable smart contract-based structuring, trading, settlement, and servicing of tokenized stocks, bonds, and fund instruments. 21X - a subsidiary of 21finance – is headquartered in Frankfurt and was set up in March 2023.
tokenforge, based in Berlin, is a technology API-native infrastructure provider offering banks, financial institutions and companies outside the financial sector a software platform for compliant asset tokenization as SaaS or white label solution. The tokenforge Suite allows fully digital asset tokenization in accordance with legal requirements, without the need for coding.
Furthermore, tokenforge facilitates seamless integrations for customers seeking to tokenize assets using distributed ledger technology (DLT). The tokenforge Suite provides end-to-end functionalities, encompassing website integration, minting on the top 5 EVM chains, and transfer to registry-white-listed custodial wallets based on certain token standards.
Nucleus Finance is a fintech company on a mission to automate the structuring, lifecycle management, and auditing of financial contracts.
Nucleus Finance's lightweight, API-native lifecycle management and analytics solutions integrate seamlessly with core banking and loan management systems. This grants asset issuers, asset managers, and regulators near-real time, deterministic cash flow and balance sheet insights as well as advanced risk management tools for scenario stress testing and liquidity forecasting.
Jeffrey Hartjes, Founder Associate, 21X
Moritz Stumpf, CEO tokenforge
Justus Schreiner, Head of Business Development EMEA