In Frankfurt, 21X, a platform for trading tokenized stocks, bonds, and funds, has adopted Circle’s USDC stablecoin as a principal settlement currency. This integration aims to create a multi-currency, MiCA-compliant market for institutional trading of tokenized assets, as reported by the company on Monday.

Key Points:

• The integration of USDC is essential for supporting diverse tokenized instruments, including equities and bonds.
• Circle is positioning itself as a leading issuer for stablecoins within highly regulated environments like that of 21X.

Circle’s Vice President for Europe, Sanja Kon, noted:

“Circle is deeply committed to supporting regulated infrastructure that fosters trust and transparency in digital asset markets. Making USDC available to settle tokenized securities on 21X - Europe’s first DLT exchange - will drive the adoption of on-chain finance, and foster more efficient and accessible capital markets.”