21X Integrates Circle’s USDC Stablecoin for Tokenized Securities Trading
21X, a Frankfurt-based platform for trading tokenized stocks, bonds, and funds regulated by BaFin, has integrated Circle's USDC stablecoin as a settlement currency. This integration supports 21X’s goal of creating a multi-currency, MiCA-compliant market for institutional trading of tokenized securities.
- USDC will enable wallet-based, atomic settlement of various tokenized instruments.
- Instruments include equities, bonds, and fund instruments, all denominated in USD.
- Circle aims to enhance trust and transparency in digital asset markets with this integration.
The move is seen as a step toward broader adoption of on-chain finance and more efficient capital markets.