The DLT exchange 21X has partnered with fund administrator Apex Group to list the tokenized securities of Apex’s clients. The exchange is awaiting its DLT Pilot Regime go ahead from the European Securities Market Authority (ESMA). Once approved, 21X will be both a DLT trading and settlement system (DLT TSS). This news means the approval process is quite advanced.
It also acts as a rallying cry for asset managers, institutions, brokers and distributors who might want to list securities on 21X’s market.
Apex administers more than $3 trillion in funds for its clients and is prolific in its blockchain activities, starting with the acquisition of FundAdminChain in early 2022. Additionally, it has invested in various solutions, including tokenization platform Tokeny and Inveniam, which provides on-chain valuation data for tokenized assets. Tokeny is also one of 21X’s partners.
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