- 21X partners with Quantoz Payments to support instant settlement of tokenized securities using regulated stablecoins.
- 21X, licensed under the EU DLT Pilot Regime, will integrate Quantoz-issued stablecoins for trading and settlement on its platform.
- Quantoz offers fully backed electronic money tokens (EMTs) designed to meet Europe’s MiCA regulations.
- Trades on 21X will settle atomically within seconds as all securities are quoted against specific stablecoins.
- 21X plans to launch on the Polygon blockchain and expand its digital securities trading ecosystem in Europe.
21X, a regulated financial institution under the EU DLT Pilot Regime, has announced a collaboration with Quantoz Payments. This partnership aims to provide instant, or “atomic,” settlement of tokenized securities using stablecoins approved by European regulators.
According to 21X, integration with Quantoz will enable the use of its electronic money tokens (EMTs) for settling trades. Quantoz, based in the Netherlands, issues three stablecoins—EURQ, USDQ, and EURD—which are fully backed and designed to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation.
In a statement, 21X CEO Max Heinzle said, “We are excited to collaborate with Quantoz for cash settlement on 21X, enabling their regulated stablecoins to be used for trading pairs on our venue.” The partnership allows 21X to quote all securities on its platform against specific stablecoins rather than traditional euro pairs. This structure supports rapid, atomic settlement, allowing trades to complete within seconds rather than through delayed, separate processes.
Stablecoins are digital currencies designed to keep a stable value by being backed with real assets. The regulated tokens from Quantoz will function as the settlement currency on the 21X platform. It is noted that 21X Chairman Alexander Höptner is also CEO of AllUnity, a separate stablecoin venture awaiting regulatory approval. However, Quantoz is currently the main partner as 21X prepares for its official launch.
Earlier, 21X announced a collaboration with the Dusk blockchain, which also works with Quantoz. These partnerships signal the formation of a network supporting regulated digital securities in Europe.
21X received its license in December 2024 and plans to begin operations on the Polygon blockchain. The new platform will provide on-chain order books and atomic settlement, aiming to offer a robust infrastructure for institutional digital capital markets.
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