In the realm where digital and traditional commerce dance a tango, ABN AMRO, the banking giant of the Low Countries, has sashayed into the world of Ethereum, partnering with the Teutonic exchange 21X for a little on-chain waltz with stablecoins.
Oh, the times they are a-changin’! ABN AMRO, that staid institution of Dutch finance, has trialed trading with 21X, a Frankfurt-based peddler of digital whatnots, frolicking in the tokenized securities sandbox with stablecoins as their playthings.
On the 30th day of January, 21X decreed through an announcement that they had listed a tokenized asset on their on-chain bazaar. ABN AMRO, in a feat of modern alchemy, transmuted an ERC-3643 token on the Polygon Amoy Testnet, while 21X matched it with an ERC-20-based “E-Money Token,” keeping the asset’s true identity shrouded in mystery. 🕵️♂️
Max Heinzle, the maestro of 21X, spoke of onboarding institutional participants, as if herding cats into the digital revolution. He lauded blockchain for slicing through costs and efficiencies like a hot knife through butter. 🍽️
ABN AMRO, no stranger to the allure of digital assets, has dabbled in tokenized green bonds. Martijn Siebrand, the digital assets wizard at ABN AMRO, declared that post-pilot, the bank is conjuring “secondary market capabilities” into its cauldron of services, thanks to a cozy relationship with the European DLT trading and settlement system.
21X, now armed with an EU-regulated trading license since December 2024, is poised to unveil its digital marketplace, though when precisely, only the stars know. 🌟
Meanwhile, Deutschland marche(s) forward in the tokenization parade. In November 2024, the country’s central bank paired up with Singapore’s Project Guardian, an endeavor to standardize digital assets and make them play nice together. 🤝
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2025-01-30 14:44