21X, a prominent fintech company specializing in regulated on-chain trading and settlement, announced its expansion into the United States with the establishment of a new operation incorporated in Delaware and a primary office in New York.
This initiative marks a monumental next step in the company’s global growth strategy as well as paves the way for the launch of the 21X U.S. exchange, a fully regulated blockchain-based trading venue for digital financial instruments.
The strategic expansion follows high interest by regulators and global financial institutions to investigate the advantages and utility of DLT for capital markets. During preliminary meetings with the U.S. Crypto Taskforce along with the SEC, 21X articulated its vision for a new era of capital markets, one built on a foundation of speed, efficiency as well as transparency through blockchain technology.
The release of a fully regulated blockchain-based exchange in the U.S. will be a revolutionizing event for capital markets.
It will introduce various benefits, which are as follow:
- Reduced friction: By enabling atomic (T + 1 seconds) peer-to-peer settlement, the exchange will reduce the need for conventional intermediaries, dramatically lowering workflows and reducing costs.
- Improved transparency: All transactions are recorded on a public permissionless blockchain, enabling a new level of auditability as well as trust for all market participants.
- Democratized access: The platform will break down traditional barriers, providing direct market access to a wide range of participants, from institutional investors to corporate clients.
The 21X U.S. exchange promotes the trading of a broad spectrum of financial instruments, including tokenized equities, debt instruments, ETFs, mutual funds, as well as structured products. This innovation is unlocking new distribution channels, enhancing liquidity, and creating investment opportunities that were previously illiquid or inaccessible.
Executive Statement
According to Max J. Heinzle, Founder and CEO of 21X, he is incredibly excited to announce the next major step in the development of 21X. Their singular focus has been to deliver a fully regulated blockchain, enabled exchange in the EU, and that mission has been a tremendous success.
