Chainlink has onboarded European firm 21X, which plans to launch a tokenized asset settlement system. Chainlink will provide oracle services for reliable pricing data.
New Platform with Chainlink
21X is preparing to launch a platform leveraging Chainlink's approach to on-chain finance. Trading will operate under the regulation of the German authority BaFin. Chainlink will supply its Cross-Chain Interoperability Protocol (CCIP) to help 21X manage assets across multiple chains.
EU Laws and Regulations
21X will be one of the few fintech companies operating under the proposed EU distributed ledger technology legal framework. The company aims to offer tokenized stocks, bonds, and funds, while providing contract-based issuance, trading, and settlement for these assets, as well as existing coins and tokens on selected public chains.
Chainlink's Market Growth
Chainlink continues to expand its presence in the crypto market, providing more than 51% of all oracle services. The company actively researches fintech companies and suggests solutions for pricing and trading data. LINK rallied amid news of integrations and increased network activity.
Chainlink and 21X open up new opportunities for tokenized assets in Europe and set the stage for future growth and integration of blockchain technologies.
