The tokenization of financial assets takes a new step in Europe. The Swiss crypto bank Amina becomes the first regulated banking institution to join the 21X platform, a blockchain market authorized by the European Union. This initiative illustrates the acceleration of convergence between traditional finance and decentralized infrastructures.
In brief
- Swiss crypto bank Amina joins 21X, the first regulated European market dedicated to tokenized financial securities.
- The project is part of the DLT Pilot Regime, a European laboratory for testing blockchain financial markets.
A first bank on the 21X regulated blockchain market
There Swiss crypto bank Amina Bank joins the 21X platform, a European blockchain market dedicated to tokenized financial securities. This integration marks a first. The fact is that no regulated bank had yet participated in this infrastructure.
There 21X platform allows the issuance and exchange of financial assets in the form of tokens. Companies can thus raise capital through digital securities recorded on the crypto blockchain.
In this system, Amina acts as a sponsor listing. Concretely, the bank supports companies that wish to issue tokenized assets on the platform.
The DLT Pilot Regime: European Union crypto blockchain laboratory
The 21X platform operates under the DLT Pilot Regime. This is an experimental regulatory framework put in place by the European Union.
This crypto program allows testing the use of blockchain in traditional market infrastructures. European authorities therefore wish to observe how these technologies can modernize the issuance, trading and settlement of financial securities.
The crypto device thus acts as a regulatory sandbox. Players will be able to experiment with tokenized markets in a supervised environment.
Tokenization is gradually attracting financial institutions
L'arrival of a bank crypto regulated on 21X illustrates the growing interest of financial institutions in tokenization of assets. In this project, the technology used for the issuance and management of securities is provided by the company Tokeny, specialized in regulated digital assets.
Tokenized financial markets still remain fragmented. Interoperability between platforms represents a major challenge for their development. Despite these obstacles, many institutions see tokenization as a possible developments in capital markets infrastructure.
In any case, the integration of a regulated bank on a blockchain infrastructure marks a strong signal for the European financial ecosystem. The experiments carried out within the framework of the DLT Pilot Regime could outline the contours of a new generation of financial markets, where securities would circulate directly on the crypto blockchain. File to follow…
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