ABN Amro, the third largest bank in the Netherlands, completed the chain trading with Stablecoins in a pilot with German Exchange 21x.
HollandABN Amro has completed at the age of third, the largest commercial experience with 21x, which is the exchange of digital assets based in Frankfurt, which tested a settlement on the symbolic securities series using Stablecoins.
in January 30 Announcement21X said the test included the list of symbolic assets in its market on the chain. ABN Amro released an ERC-3643 code on the Polygon Amoy test, while 21x paired with the ERC-20-based “electronic code”, without naming the original.
“As part of our launch preparations, we are now going to put institutional participants on the plane,” said Max Heinzel, CEO of 21X. He also praised the role of Blockchain in reducing costs and increasing the system efficiency over the chain.
Abn Amro participated in digital assets for some time, including the release of symbolic green bonds. After the pilot, the bank now adds “secondary market capabilities” to its scope through cooperation with the European trading and settlement system DLT.
21X, who obtained a regulatory trading license in the European Union in December 2024, is now planning to release its exchange, although the exact time is still unclear.
Germany was also offered the distinctive symbol of assets. In November 2024, the country’s central bank join The Guardian project in Singapore, an initiative from the Monetary Authority in Singapore, focused on unifying digital assets and interviews.