Blockchain platform Dusk teams up with 21X, a trading venue in DLT Pilot Regime's regime, for a second collaboration on blockchain technology.
In the dynamic world of blockchain technology, two European players, 21X and Dusk, are set to collaborate, marking a significant move within the DLT Pilot Regime, a regulatory initiative aimed at attracting more participants in the digital asset ecosystem.
21X, which has recently received the first license to operate a combined regulated trading and settlement venue (DLT TSS) on the permissionless blockchain, Polygon, will initially onboard Dusk as a trade participant in the DLT TSS. This collaboration was announced by 21X, highlighting their commitment to interoperability in building the infrastructure for the next generation of capital markets, as emphasized by CEO Max Heinzle.
Both 21X and Dusk are based within the EU, which boasts a strong regulatory perimeter. The DLT TSS operated by 21X is expected to go live soon, making it the only one currently participating in the DLT Pilot Regime, alongside CSD Prague, another authorized entity within the regime.
Dusk, a privacy-focused permissionless blockchain, has also formed partnerships with the Dutch SME stock exchange, NPEX, and EU stablecoin issuer Quantoz. The key goal of the partnership with 21X is for stablecoin treasury management.
In a bid to attract more participants, the French and Italian regulators, AMF and CONSOB, have proposed changes to the DLT Pilot Regime. These changes aim to encourage more entities to join, aligning with 21X's plans to integrate with the EVM chain of Dusk, expanding the range of blockchains it will support.
As of June 2024, detailed public information about this collaboration, including recent developments or strategic plans, has not been widely published. For the most accurate and current updates, it's recommended to consult official announcements from 21X and Dusk or specialized blockchain and fintech news sources.
The collaboration between 21X and Dusk, both EU-based entities, signifies a step forward in the blockchain industry, particularly within the DLT Pilot Regime. 21X, operating the first licensed DLT TSS on Polygon, is initially onboarding Dusk as a trade participant. Dusk's focus on privacy and its partnerships with NPEX and Quantoz will contribute to the key goal of stablecoin treasury management with 21X.
Amidst plans to expand on the EVM chain, the French and Italian regulators have proposed changes to the DLT Pilot Regime to attract more participants. These changes align with 21X's operations within the regime, making it the only current participant apart from CSD Prague.
The blockchain finance business is anticipating insights from this collaboration, but as of June 2024, detailed public information remains limited. For the latest updates, one should refer to official announcements from 21X and Dusk or specialized blockchain and fintech news sources.
