Frankfurt based digital exchange startup 21X – which recently received the first ever license to operate an EU-regulated venue for the trading and settlement of tokenized securities – has announced that it has entered into a strategic partnership with AllUnity, an emerging leader in regulated EUR-denominated stablecoin solutions, which is a joint venture between DWS, Flow Traders and Galaxy Digital.

This collaboration will see AllUnity’s EUR-denominated stablecoin issued as e-money tokens in compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation and available as a settlement currency on 21X.

21X added that this partnership represents a significant advancement in facilitating seamless and efficient digital asset trading within a regulated EU framework. AllUnity is presently seeking approval as an electronic money institution under the German payment services supervision act (ZAG) and an e-money license from BaFin – a key requirement for issuing e-money tokens under MiCA.

The integration of AllUnity’s MiCA-compliant EUR-denominated stablecoin will provide 21X users with a stable and reliable method for entering and exiting trading positions across various digital assets on 21X. By offering a EUR-denominated stablecoin operating under the MiCA framework the partnership aims to enhance accessibility for European investors and businesses, in turn accelerating mass market adoption of tokenized assets.

For AllUnity, this collaboration provides substantial visibility and utility for its EUR- denominated stablecoin, driving adoption and supporting its position as a prominent issuer within the European market. For 21X, incorporating AllUnity as a regulated and reputable EUR settlement currency is an important element in the platform’s attractiveness to a wider audience, particularly within the European market. With 21X fostering an open digital asset ecosystem which includes compatibility with leading stablecoins, AllUnity’s extends 21X’s range of settlement currencies with an institutional focus for European exchange members.

Max Heinzle, CEO of 21X, stated:

“We are delighted to partner with AllUnity to bring their euro stablecoins to our exchange. This collaboration is a vital component in our strategy to develop the most robust, accessible and trusted trading venue for tokenized assets. By offering institutional grade settlement currencies operating under the MiCA framework, we are lowering the barrier to entry for European banks and brokers to create an automated and scalable  trading environment.”

Alexander Höptner, CEO of AllUnity, added:

“We are excited to collaborate with 21X, a company that shares our vision for a fully regulated and public digital asset ecosystem. Leveraging our regulated EUR-denominated stablecoin, once available,   will provide significant utility as a settlement currency and will foster accessibility for the broader investor base. I also see this partnership as a step forward in enabling AllUnity to contribute to increasing the adoption of our pending stablecoin within the European market as we observe the growing convergence of traditional and decentralized finance.”

The last 18 months have been termed a ‘stablecoin summer’, capturing a period of significant positive momentum for the stablecoin industry. This has included the widespread adoption of stablecoins by financial institutions, banks and neo-brokers with the eminent need for a regulated European banking-grade stablecoin.

21X said it is at the forefront of developments in the application of regulated stablecoins for on-chain settlement of tokenized assets. Following its license to operate the first trading venue for tokenized assets under the DLT Pilot Regime 21X can leverage its combined trading and settlement capabilities to settle trades atomically on the blockchain. By utilizing regulated Stablecoins from AllUnity this partnership builds the basis for smart contract-based trading of financial instruments on public permissionless blockchains in Europe.

About 21X

21X is a Frankfurt-based financial institution at the forefront of revolutionizing capital markets through the use of blockchain technology.  In December 2024, 21X secured a license to operate its groundbreaking distributed ledger technology (DLT) trading and settlement system (DLT TSS) trading venue, a milestone that places the company as a leader in the transition to digital finance. The company is ideally positioned to enable smart contract-based issuance, trading and settlement of tokenized stocks, bonds and funds.

21X exchange is set to launch in the spring of 2025, bringing the future of capital markets to life.

About AllUnity

AllUnity focuses on secure on-chain payments and is developing a MiCAR-compliant EUR-denominated stablecoin to enhance liquidity and efficiency in tokenized markets.