In December Germany’s 21X landed the first DLT Pilot Regime license to operate a combined regulated trading and settlement venue (DLT TSS) on a permissionless blockchain, Polygon. It expects to go live soon. Today it announced a collaboration with Dusk, a privacy focused permissionless blockchain that targets the issuance of tokenized real world assets (RWA). Initially Dusk is onboarding as a trade participant.
A key goal of the partnership is for stablecoin treasury management, which involves the stablecoin issuer buying and selling tokenized money market funds for the stablecoin’s reserves. Both Dusk and 21X are based in the EU, with its strong regulatory perimeter.
Dusk also has a partnership with Dutch SME stock exchange NPEX, which had planned to participate in the DLT Pilot Regime. Plus, Dusk has a collaboration with EU stablecoin issuer Quantoz.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
