Blockchain platform Dusk teams up with 21X, the trading venue under DLT Pilot Regime's jurisdiction.
In a significant move, 21X has announced a partnership with Dusk, a privacy-focused permissionless blockchain. This collaboration aims to empower tokenized asset trading on 21X's platform, providing institutional investors with streamlined market access.
At the heart of this partnership is the integration of Dusk's blockchain technology, known for its focus on privacy, making it suitable for confidential transactions, especially in regulated tokenized asset markets. This collaboration supports the issuance, privacy-preserving transactions, and settlement of tokenized assets, enhancing trust and compliance in the marketplace.
Regarding stablecoin treasury management, 21X is incorporating robust mechanisms, likely involving secure custody and liquidity solutions. Technologies such as MPC (multi-party computation) wallets, as seen in related blockchain partnerships, are possibilities to manage stablecoin liquidity securely and efficiently, ensuring stability and risk mitigation for tokenized asset trading.
The partnership between 21X and Dusk also extends to the Dutch SME stock exchange, NPEX, which had planned to participate in the DLT Pilot Regime. CSD Prague is another authorized entity in the DLT Pilot Regime. Last week, the French and Italian regulators proposed changes to the DLT Pilot Regime to attract more participants, which may have implications for the growth of the digital asset ecosystem.
Max Heinzle, CEO at 21X, expressed his commitment to tokenized asset trading on the platform. The DLT TSS operated by 21X, the first to receive a license to operate on the permissionless blockchain, Polygon, is expected to go live soon.
Both Dusk and 21X are based in the EU, which has a strong regulatory perimeter. The shared vision of these entities is for a compliant digital asset ecosystem. The changes to the DLT Pilot Regime are intended to encourage more entities to join the digital asset ecosystem, potentially increasing participation in the near future.
Moreover, Dusk has a collaboration with EU stablecoin issuer Quantoz. The proposed changes by the French and Italian regulators may increase participation in the DLT Pilot Regime, further strengthening the digital asset ecosystem. The main goal of the partnership between 21X and Dusk remains stablecoin treasury management, ensuring liquidity and security on the platform.
In summary, the 21X-Dusk partnership empowers tokenized asset trading on 21X through Dusk’s privacy-centric blockchain, facilitating compliant and secure transactions, while stablecoin treasury management is supported by advanced secure custody technologies to maintain liquidity and security on the platform. This collaboration is a significant step towards a compliant digital asset ecosystem.
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- The 21X-Dusk partnership integrates Dusk's blockchain technology for tokenized asset trading on 21X's platform, offering streamlined market access to institutional investors, supported by insights from MPC wallets and other secure liquidity solutions. [Source: 1]
- In addition to the partnership with 21X, Dusk also collaborates with EU stablecoin issuer Quantoz, which may lead to increased participation in the DLT Pilot Regime and further strengthen the digital asset ecosystem. [Source: 2]
- The collaboration between 21X and Dusk emphasizes stablecoin treasury management, seeking to maintain liquidity and security on the platform while improving trust and compliance in the industry, especially in regulated tokenized asset markets. [Source: 1]
- As the first to receive a license to operate on the permissionless blockchain Polygon, 21X's DLT TSS is expected to go live soon with a focus on finance, technology, and capital within the digital asset ecosystem, contributing to its growth and expansion. [Source: 3]
