ABN AMRO is partnering with 21X, which is the first combined trading venue and securities settlement infrastructure to be authorized under the EU’s DLT Pilot Regime. The Dutch bank executed a joint proof of concept for tokenized securities by making a trade on the platform using the Polygon test network.
ABN AMRO used its own wallet solution and will provide custody for clients once it offers them access to the 21X platform when it goes live.
Traditionally, the execution of a securities trade and its settlement are performed by separate infrastructures, and European law requires the involvement of a central securities depository (CSD) for secondary trading. The DLT Pilot Regime provides a legal exception that supports the same authorized platform conducting both tasks.
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