Contemporary blockchain project, Dusk, has joined forces with 21X, a DLT-centric trading platform, in a promising partnership that marks the second incorporation of Dusk's blockchain technology by the platform.
21X and Dusk Network Partner to Revolutionize Stablecoin Treasury Management
In a groundbreaking move, German crypto investment and technology company, 21X, has secured the first license to operate a combined regulated trading and settlement venue (DLT TSS) on the permissionless blockchain, Polygon. This announcement comes as part of a partnership with Dusk Network, a privacy-focused blockchain based within the EU.
The collaboration, which is set to go live soon, aims to revolutionize stablecoin treasury management. Initially, Dusk will onboard as a trade participant in this partnership. The integration with Dusk's Layer 2 EVM (Ethereum compatible) chain will expand the range of blockchains supported by 21X.
Both 21X and Dusk share a vision for a compliant digital asset ecosystem, given the strong regulatory perimeter of the EU. This partnership is not the first foray into collaboration for either party. 21X has previously announced a collaboration with Dusk, while Dusk has a partnership with EU stablecoin issuer, Quantoz, and the Dutch SME stock exchange, NPEX.
Max Heinzle, CEO at 21X, has expressed a commitment to tokenized asset trading on their platform. He emphasizes the importance of interoperability with appropriate networks, acknowledging that this partnership is a significant step towards achieving that goal.
Last week, the French and Italian regulators proposed changes to the DLT Pilot Regime to attract more participants. As one of the only DLT TSS within the DLT Pilot Regime, 21X is poised to lead the way in this evolving landscape.
For the most accurate and up-to-date information on the current status and future plans of this collaboration, we encourage readers to check official communications or announcements from 21X and Dusk Network directly.
- The partnership between 21X and Dusk Network aims to revolutionize stablecoin treasury management, specifically on the blockchain Polygon, using Dusk's Layer 2 EVM chain for expanded blockchain support.
- The collaboration between these two entities shares a vision for a compliant digital asset ecosystem, given the strong regulatory perimeter of the EU.
- Max Heinzle, CEO at 21X, has expressed a commitment to tokenized asset trading on their platform, emphasizing the importance of interoperability with appropriate networks to achieve this goal.
- As one of the only DLT TSS within the DLT Pilot Regime, 21X is strategically positioned to lead the industry in the evolving landscape of finance and technology, especially with the proposed changes by French and Italian regulators aiming to attract more participants.
