German Fintech 21X Earns EU License to Lead Blockchain Finance Revolution
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German fintech firm 21X has received regulatory approval to launch a blockchain-based tokenization platform under the EU’s DLT Pilot Regime. Granted by Germany’s BaFin, the license allows 21X to operate a trading and settlement system for tokenized financial instruments from its Frankfurt base. The platform, developed with partners like Polygon and SBI Digital Markets, will debut in early 2025. It promises services including tokenization, issuance, and trading, combining blockchain’s efficiency with regulatory trust. However, CEO Max Heinzle called the approval a “revolutionary moment” for capital markets, enabling secure and compliant blockchain-based trading for both institutional and retail investors.
