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 within the first quarter of 2025. The platform will likely be supervised by the German Federal Monetary Supervisory Authority (BaFin) and can use Chainlink’s expertise to carry out a number of key features.

These embody offering safe and correct worth information 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 by way of a number of blockchain protocols. The partnership goals to assist the institutional adoption of tokenized securities by enabling the issuance, buying and selling and settlement of shares, bonds and funds primarily based on sensible contracts.

The blockchain oracle supplier’s native token has soared following the announcement of a brand new securities tokenization partnership in Europe. Chainlink’s worth has risen greater than 36% to an almost two-year excessive, surpassing $26 in late buying and selling on December 2. LINK has greater than doubled up to now month, from underneath $11 in early November to right now’s peak, the best since January. 2022.

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