The Dutch Bank ABN Amro has made a trade in the tokenized asset chain against Stablecoins along with 21x regulated by Germany.
The two companies completed a joint concept test (POC) for the issuance of a token at the Polygon Amoy Testnet, which appeared as a couple of negotiation with an electronic money token, according to an announcement sent by email on Thursday.
“The deployment of the intelligent contract of the 21x request book enabled the trade between tokenized cash and the tokenized asset in a single transaction,” said the companies.
21x, based in Frankfurt, which is building an exchange based on blockchain to list and market tokenized values, obtained the approval of the German regulator BAFIN in December.
Tokenization, the representation of real world assets, such as actions or bonds, such as tokens in a block chain, has become an area of interest among traditional financial companies (tradfi) in recent years.
Native Blockchain companies, such as 21x, regulatory approval in the main financial centers means that traditional companies can participate in associations with them to advance their tokenization plans with greater confidence.
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