ABN AMRO and 21X Engage in On-Chain Trading of Tokenized Assets
Finance/Tech

ABN AMRO and 21X Engage in On-Chain Trading of Tokenized Assets

Dutch bank ABN AMRO collaborates with 21X to perform tokenized asset trades using stablecoins on the Polygon Amoy Testnet.

Key Highlights:

  • ABN AMRO has successfully executed an on-chain trade of tokenized assets with stablecoins in collaboration with 21X, a Germany-regulated entity.
  • The two parties completed a proof of concept for issuing a token on the Polygon Amoy Testnet, establishing a trade pair featuring an e-money token.

On-Chain Order Book Technology

The firms reported:

“The deployment of 21X’s on-chain order book smart contract enabled trading between tokenized cash and the tokenized asset in one single transaction.”

21X, headquartered in Frankfurt, is currently developing a blockchain-based exchange for trading tokenized securities and received approval from the German regulator BaFin in December last year.

Tokenization—converting real assets like stocks and bonds into tokens on a blockchain—has gained traction among traditional financial institutions recently. Regulatory support for blockchain-native firms like 21X empowers TradFi enterprises to explore partnerships and develop their tokenization strategies more confidently.

Related Read: What 2025 Holds for Tokenized Real World Assets

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