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Deep Tide TechFlow news, on December 3rd, according to CoinDesk, 21X, an asset exchange running on Polygon, has obtained approval from the German financial regulatory authority BaFin and plans to launch tokenization financial instrument exchange at its headquarters in the first quarter of 2025. The exchange plans to trade tokenized equities, debt securities, funds, and real-world assets (RWA), such as qualified financial instruments, real estate, or artworks.
It is reported that, in addition to BaFin, the Deutsche Bundesbank, the European Securities and Markets Authority (ESMA), and the European Central Bank (ECB) also participated in the approval of 21X.