Quantoz collaborates with DLT Pilot firm 21x for atomic settlements utilizing regulated stablecoins
21X Set to Revolutionize Digital Securities Trading with Quantoz Partnership
The digital securities trading platform, 21X, is gearing up for its launch on the Polygon blockchain, initially under the EU DLT Pilot Regime. This regulatory framework enables compliant issuance and trading of tokenized securities within the EU.
In a significant move, 21X has partnered with Quantoz Payments to implement atomic settlement of digital securities using stablecoins. This partnership will ensure immediate, secure, and simultaneous exchange of securities tokens and stablecoin payments, eliminating settlement risk and improving transaction speed and efficiency.
Leveraging Quantoz’s atomic settlement technology, the transfer of ownership of digital securities and corresponding stablecoin payment will occur in a single, atomic blockchain transaction. This aligns with the EU’s drive for innovative, secure financial market infrastructures.
Key features of the 21X platform and its Quantoz collaboration include:
- EU DLT Pilot Regime licensing: Enabling regulatory compliant trading of digital assets, with a focus on transparency, investor protection, and financial stability.
- Atomic settlement using stablecoins: Ensuring payment stability and immediate settlement finality, reducing settlement times from days to seconds.
- Focus on digital securities: Supporting tokenized securities, enabling fractional ownership, increased liquidity, and broader investor access.
- Complementary blockchain infrastructure: Quantoz Payments provides blockchain-native payment rails and settlement mechanisms tailored for securities markets.
- User interface aimed at both professional and retail investors: Designed for intuitive navigation suitable for varied levels of trader experience.
The partnership positions 21X at the forefront of integrating regulated digital securities trading with instant, blockchain-based stablecoin settlement within the EU regulatory landscape.
While specific technical or launch-date details are yet to be disclosed, the partnership with Quantoz underscores the platform's readiness to disrupt the traditional securities market.
Other notable aspects of the partnership include:
- The use of Quantoz-issued Electronic Money Tokens (EMTs) for atomic settlement of tokenized securities.
- The stablecoins issued by Quantoz are designed to comply with Europe's MiCA regulation.
- 21X performs both trading and settlement functions on its platform.
- The partnership follows a recent collaboration between 21X and Dusk blockchain.
- The partnership demonstrates the emerging ecosystem of partners forming around regulated digital securities trading in Europe.
- Quantoz represents a more immediately available partner as 21X readies for launch.
It's worth noting that 21X Chairman Alexander Hoptner is also CEO of AllUnity, a stablecoin joint venture awaiting regulatory approval. All digital securities on 21X’s platform will be quoted against specific stablecoins rather than simply in euro due to the partnership.
21X is the first financial institution licensed under the EU DLT Pilot Regime to operate a regulated trading and settlement venue for tokenized securities. With its imminent launch secured in December 2024, 21X is poised to revolutionize the digital capital markets.
[1] For the most recent operational status or more technical specs, further direct sources from 21X or Quantoz would be required.
- The partnership between 21X and Quantoz will enable the use of Quantoz-issued Electronic Money Tokens (EMTs) for atomic settlement of tokenized securities on the 21X platform.
- The stablecoins issued by Quantoz are designed to comply with Europe's MiCA regulation, ensuring regulatory compliance for digital securities trading within the EU.
- 21X, being the first financial institution licensed under the EU DLT Pilot Regime, will operate a regulated trading and settlement venue for tokenized securities, using stablecoins for quoting digital securities prices.
- The partnership positions 21X as a leader in integrating regulated digital securities trading with instant, blockchain-based stablecoin settlement within the EU regulatory landscape, set to revolutionize the digital capital markets in late 2024.
