Two Companies Based in the Netherlands and Germany Completed Their Tokenization Work! Here Are Their Areas of Work

Dutch banking giant ABN AMRO and Germany-based 21X have successfully implemented on-chain trading of tokenized assets against stablecoins, marking a major milestone in traditional finance’s adoption of blockchain technology.

ABN AMRO and 21X Complete Onchain Trading of Tokenized Assets Against Stablecoins

According to the announcement, the two firms completed a joint proof of concept (PoC) to issue a token on the Polygon Amoy Testnet, which was then listed as a trading pair with an e-money token.

“The use of 21X’s on-chain order book smart contract enabled trading between tokenized cash and tokenized assets in a single transaction,” the firms said.

Frankfurt-based 21X, which is developing a blockchain-based exchange for tokenized securities, received approval from Germany’s financial regulator BaFin in December.

This regulatory green light allows TradFi (traditional finance) firms to collaborate with blockchain native companies like 21X with greater confidence.

Tokenization, the process of representing real-world assets such as stocks or bonds as blockchain-based tokens, has gained strong momentum in the financial sector.

With major institutions like ABN AMRO embarking on blockchain experiments, the adoption of tokenized assets is accelerating, bridging the gap between traditional finance and decentralized technology.

*This is not investment advice.