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21X Adopts Chainlink Standard

Twitter icon  •  Published 1 year ago on December 3, 2024  •  Hassan Maishera

On Monday, Chainlink announced via X that 21X, Europe’s first tokenized securities trading and settlement system, has adopted the Chainlink standard.

21X Adopts Chainlink Standard

On Monday, Chainlink announced via X that 21X, Europe’s first tokenized securities trading and settlement system, has adopted the Chainlink standard. 21X’s on-chain trading, matching, and settlement system will leverage the Chainlink standard to enrich tokenized assets with high-quality data and facilitate cross-chain interoperability. 

21X and Chainlink will enable on-chain secondary market price feeds for bid and ask prices on the first EU-regulated distributed ledger technology (DLT) trading and settlement system, which will be launched under the supervision of BaFin, Germany’s Federal Financial Supervisory Authority. 

Furthermore, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is planned to become an integral part of 21X’s multi- and cross-chain strategy as it will enable 21X members to access assets and stablecoins issued on various blockchain protocols. 

Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 25% over the past 24 hours, trading at $24.98.

 

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.