{"id":10443,"date":"2025-01-30T09:31:44","date_gmt":"2025-01-30T09:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10443"},"modified":"2025-01-30T09:31:44","modified_gmt":"2025-01-30T09:31:44","slug":"abn-amro-21x-conduct-onchain-trade-of-tokenized-assets-against-stablecoins","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10443","title":{"rendered":"ABN AMRO, 21X Conduct Onchain Trade of Tokenized Assets Against Stablecoins"},"content":{"rendered":"<div>\n<p>Dutch bank ABN AMRO has conducted an onchain trade of tokenized assets against stablecoins alongside Germany-regulated 21X.<\/p>\n<p>The two firms completed a joint proof of concept (PoC) for the issuing of a token on the Polygon Amoy Testnet, which was listed as a trading pair with an e-money token, according to an emailed announcement on Thursday.<\/p>\n<p>&#8220;The deployment of 21X&#8217;s on-chain order book smart contract enabled trading between tokenized cash and the tokenized asset in one single transaction,&#8221; the firms said. <\/p>\n<p>Frankfurt-based 21X, which is building a blockchain-based exchange to list and trade tokenized securities, <a href=\"https:\/\/www.coindesk.com\/business\/2024\/12\/03\/tokenized-securities-exchange-21-x-wins-approval-from-germany-s-ba-fin\" target=\"_blank\">won approval from German regulator BaFin <\/a>in December.<\/p>\n<p>Tokenization &#8211; the representation of real-world assets such as stocks or bonds as tokens on a blockchain &#8211; has become an area of interest among traditional financial (TradFi) firms in recent years. <\/p>\n<p>Blockchain-native companies such as 21X securing regulatory approval in major financial centers means TradFi companies can enter partnerships with them to advance their tokenization plans with greater confidence.<\/p>\n<p>Read More: <a href=\"https:\/\/www.coindesk.com\/coindesk-indices\/2025\/01\/08\/what-2025-holds-for-tokenized-real-world-assets\" target=\"_blank\">What 2025 Holds for Tokenized Real World Assets<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dutch bank ABN AMRO has conducted an onchain trade of tokenized assets against stablecoins alongside Germany-regulated 21X. The two firms completed a joint proof of concept (PoC) for the issuing of a token on the Polygon Amoy Testnet, which was listed as a trading pair with an e-money token, according to an emailed announcement on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10443","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10443"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10443\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}