World's first regulated blockchain exchange: 21X begins trading

INFBusiness
11.09.2025
Markets

Fintech company 21X has announced the launch of the world's first regulated exchange for tokenized securities and stablecoins. Investors will be able to buy and sell tokenized securities with stablecoins, digital cash, or traditional currencies.
Back in May, 21X launched its primary market, where the first tokenized bond was listed. Now it's launching its secondary market, which the company describes as a “logical next step.” 21X is supported by partners such as Chainlink, Circle, Polygon, and SBI Digital Markets. Together, they aim to create a more efficient and accessible financial market infrastructure.
21X is the first exchange to enable the settlement of securities transactions directly via smart contracts – in real time and without a central depository. Founder and CEO Max J. Heinzle said: “For the first time, a securities trade is settled atomically, peer-to-peer, and in real time, without the need for a central securities depository or clearing services.”
21X is supervised by BaFin, the Bundesbank, and ESMA. Trading is currently available weekdays from 8 a.m. to 5 p.m. CET. Trading operations will soon be expanded to 24 hours, seven days a week – “to meet the demands of a global industry,” according to 21X.
21X is a Frankfurt-based financial institution. The company received a BaFin license in December 2024.
Tokenization is considered one of the biggest and most lucrative crypto trends for 2025 and the near future. Major institutions such as BlackRock, Fidelity, Franklin Templeton, and Visa are also interested in this blockchain technology. Learn why stablecoins are the most important RWAs and which protocols are using tokenized government bonds here: Real World Assets (RWAs): These Opportunities Offer Investors

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