DLT Pilot Regime startup 21X has announced a partnership with Quantoz Payments to enable atomic settlement of tokenized securities using regulated stablecoins.
21X, the first financial institution licensed under the EU DLT Pilot Regime to operate a regulated trading and settlement venue for tokenized securities, will now integrate Quantoz-issued Electronic Money Tokens (EMTs) for settlement purposes. The Netherlands-based Quantoz, a licensed e-money institution, issues three fully backed stablecoins – EURQ, USDQ, and EURD – designed to comply with Europe’s MiCA regulation.
“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,” said Max Heinzle, CEO of 21X.
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