Frankfurt 21x, a place of negotiation of stocks, bonds and token funds regulated by the financial surveillance dog of Germany, Bafin integrated the stablecoin USDC of Circle as a key to the key settlement on the platform.
The integration of the USDC is part of the 21x mission to build a free market environment with several currencies, aligned with mica for the institutional trade of token titles, the company announced on Monday.
Tokenization is the place where traditional finance plunges its toe into the public arena of cryptocurrencies. Circle, which will soon be listed on the New York Stock Exchange, is the obvious choice with regard to a stablecoin transmitter for a highly regulated European utility like 21x.
With the USDC available on the 21x market infrastructure, users will benefit from an atomic regulations based on the portfolio of a diversified range of token instruments, including stocks, bonds and fund instruments – all labeled in USD, 21x said in a press release.
“Circle is deeply determined to support the regulated infrastructure that promotes confidence and transparency on digital asset markets,” said Sanja Kon, Vice-President of Europe in Circle. “The provision of the USDC to settle the token titles on 21x – the first DLT exchange in Europe – will stimulate the adoption of chain finance and promotes more efficient and accessible capital markets.”
