ABN AMRO Conducts Onchain Trade of Tokenized Assets Against Stablecoins
ABN AMRO and Germany-regulated 21X have successfully executed an onchain trade of tokenized assets using stablecoins. The collaboration involved a proof of concept on the Polygon Amoy Testnet, where a new token was issued and paired with an e-money token in a single transaction. 21X, based in Frankfurt, is in the process of developing a blockchain-based exchange for tokenized securities and received regulatory approval from BaFin in December. This development reflects the growing interest in tokenization within traditional finance, enabling banks and financial institutions to partner with blockchain-native companies to innovate their offerings.
Source 🔗