Blockchain platform Dusk teaming up with trading venue 21X under DLT Pilot Regime partnership for a second blockchain collaboration
In the rapidly evolving world of blockchain technology, two European entities, 21X and Dusk Network, are making waves with their recent collaboration.
21X, the only Decentralised Ledger Technology (DLT) Trading and Settlement System (TSS) operating under the DLT Pilot Regime in Germany, has announced a partnership with Dusk Network, a privacy-focused permissionless blockchain. This collaboration aims to revolutionise stablecoin treasury management within the EU's DLT Pilot Regime.
The DLT Pilot Regime, a regulatory sandbox, is a groundbreaking initiative aimed at testing distributed ledger technology for trading and settlement of digital securities under EU financial regulation. Both 21X and Dusk are based within the EU, benefiting from its robust regulatory perimeter.
21X is building its infrastructure for the next generation of capital markets, with a strong emphasis on interoperability with appropriate networks. The company plans to go live soon with its DLT TSS and has expressed a commitment to tokenized asset trading on their platform, as articulated by Max Heinzle, CEO at 21X.
Dusk Network, on the other hand, provides privacy-enabled blockchain infrastructure focused on tokenized securities. It boasts a Layer 1 blockchain and a Layer2 EVM (Ethereum compatible) chain, both of which natively support confidential smart contracts. Dusk has also partnered with the Dutch SME stock exchange NPEX and EU stablecoin issuer Quantoz.
The integration of Dusk's Layer2 EVM chain by 21X is expected to further enhance the interoperability of their systems, potentially paving the way for seamless tokenized real-world asset trading. By leveraging Dusk’s blockchain technology for privacy and compliance, and 21X’s ecosystem or platform capabilities, the collaboration could provide liquidity and stable-value instruments to support digital asset transactions under the Pilot Regime framework.
Last week, the French and Italian regulators proposed changes to the DLT Pilot Regime to attract more participants like 21X and Dusk. CSD Prague is the other authorized entity operating under the DLT Pilot Regime. As the collaboration between 21X and Dusk unfolds, it will be interesting to see how they contribute to the evolving landscape of digital securities trading and settlement within the EU.
For the latest precise updates, consulting the official communications from 21X, Dusk Network, or EU regulatory releases on the DLT Pilot Regime is recommended.
- This collaboration between 21X and Dusk Network, two European entities, is intended to revolutionize stablecoin treasury management within the EU's DLT Pilot Regime, leveraging blockchain technology in the finance industry.
- 21X, a Decentralised Ledger Technology (DLT) Trading and Settlement System (TSS) based in the EU, is building its infrastructure for the next generation of capital markets, with a strong emphasis on interoperability using appropriate networks.
- Dusk Network, a privacy-focused permissionless blockchain, provides privacy-enabled blockchain infrastructure focused on tokenized securities and has partnered with EU stablecoin issuer Quantoz, potentially enabling seamless tokenized real-world asset trading.
- The integration of Dusk's Layer2 EVM chain by 21X is expected to further enhance the interoperability of their systems, providing liquidity and stable-value instruments to support digital asset transactions under the Pilot Regime framework, contributing to the evolving landscape of digital securities trading and settlement within the EU.
