Foresight News reports that CoinDesk has revealed that the tokenized asset exchange 21X, which operates on the Polygon network, has received regulatory approval from Germany's financial authority, BaFin. The upcoming exchange plans to officially launch in the first quarter of 2025, establishing its headquarters in Frankfurt.

This innovative platform is designed to streamline the trading of tokenized financial instruments. These include assets like tokenized equity, debt securities, and funds, alongside real-world assets (RWA) such as real estate and artwork that are deemed eligible financial instruments. The introduction of 21X represents an important step in the evolution of financial trading, offering new opportunities for investors and reshaping market dynamics..