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.
A key innovation in this partnership is the settlement mechanism. Because 21X performs both trading and settlement functions, all digital securities on its platform are quoted against specific stablecoins rather than simply in euro. This creates a more integrated trading experience, with truly atomic settlement occurring within seconds.
While Quantoz provides the settlement currency, it’s worth noting that 21X Chairman Alexander Höptner is also CEO of AllUnity, a stablecoin joint venture between Deutsche Bank’s DWS, Galaxy Digital, and Flow Traders that is awaiting regulatory approval. However, Quantoz represents a more immediately available partner as 21X readies for launch.
This partnership follows 21X’s recent collaboration with Dusk blockchain, which itself has an existing relationship with Quantoz. They demonstrate the emerging ecosystem of partners forming around regulated digital securities trading in Europe.
With its license secured in December 2024, 21X plans to launch soon, initially on the Polygon blockchain. By offering innovative features like on-chain order books and atomic settlement it will provide institutional grade infrastructure for the next generation of digital capital markets.
