Chainlink, a leading oracle platform in the blockchain industry, has formed a significant partnership with 21X, becoming the first blockchain-based exchange licensed under the EU’s Distributed Ledger Technology (DLT) Regime for tokenized securities. This collaboration enables 21X to utilize Chainlink’s technology for real-time market data delivery on-chain for its tokenized offerings.
In an innovative move that leverages the Chainlink Runtime Environment (CRE), 21X is now able to provide verifiable market data, which includes critical information such as the best bid and ask prices, associated quantities, and last traded prices for the securities on its platform. This data is available in real-time on the public Polygon blockchain, thereby facilitating various applications for tokenized equities, debt securities, and funds. Notable use cases may range from collateral in lending protocols to automated portfolio rebalancing.
Max Heinzle, CEO of 21X, emphasized the significance of this integration, stating, “The Chainlink standard enables 21X to securely and reliably bring real-time, verifiable market data for tokenized securities on-chain.” He mentioned that this step is crucial for enhancing transparency, auditability, and collateral utility, which are vital for institutions transitioning to on-chain operations. Heinzle underscored that integrating Chainlink is a foundational move toward bridging traditional capital markets with the blockchain economy.
With Chainlink’s infrastructure now operational, which is already renowned for securing a substantial portion of decentralized finance (DeFi) and facilitating trillions in transaction value, the market data for 21X is automatically sourced from on-chain contracts. This data is then aggregated and presented in a standardized, machine-readable format on the Polygon network, establishing a verifiable source of truth for market participants. This approach not only simplifies integration for developers but also allows immediate access to data for market participants, custody providers, DeFi protocols, and risk management systems, thereby enhancing real-time valuations for tokenized securities.
Fernando Vazquez, President of Banking & Capital Markets at Chainlink Labs, expressed enthusiasm about the collaboration, highlighting that 21X’s integration of the Chainlink data standard marks a pivotal moment for the blockchain economy. Vazquez noted that this partnership will make 21X’s EU-regulated tokenized securities more applicable within the on-chain economy, potentially attracting institutional-grade assets into DeFi protocols globally.
Looking ahead, 21X plans to deepen its collaboration with Chainlink by incorporating pre-trade data, advanced analytics, and exploring additional asset classes to augment the functionality of on-chain markets. All data will remain readily accessible through the 21X platform interface and on-chain endpoints, providing financial institutions, developers, and regulators with the ability to engage with live, high-integrity market data, thus driving the evolution of a digital asset ecosystem.
This integration is poised to be a transformative step toward creating a more transparent, efficient, and composable financial system, potentially ushering in significant institutional capital flow into the on-chain market.
