21X has partnered with SBI Digital Markets to list Asian tokenized securities on 21X’s DLT exchange once it launches. 21X is awaiting final regulatory approval from BaFin for the launch of its EU DLT Pilot Regime platform. It supports matching, trading and settlement of assets on a public permissionless blockchain.
Singapore-based SBI Digital Markets (SBIDM) is an indirect subsidiary of the Japanese financial conglomerate SBI Holdings. Together the goal is to issue, distribute and trade tokenized securities on the 21X exchange, initially targeting exchange traded notes (ETNs) and funds (ETFs). SBIDM will be a listing agent, tokenization service provider and global custody provider.
Initially the goal is to support the listing of Singapore issued securities in Europe. However, EU issued securities will also be made available to investors in APAC, including Singapore, Thailand and Japan.
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