21X Group Joins Arc Ecosystem as Day-1 Launch Partner

21X Group has partnered with Circle to explore the use of Arc for tokenized securities on their trading and settlement systems. This collaboration aims to build use cases for issuers and brokers of tokenized securities on Arc across EU and US markets.

The partnership was announced as part of 21X Group's entry into the Arc ecosystem, where it has been named a Day-1 launch partner in the EU and US. As Arc moves to public mainnet, 21X Group will leverage its existing platform to list tokenized securities on Arc, enabling trading against USDC.

Max Heinzle, Founder and CEO of 21X Group, stated that Arc is 'purpose-built for financial applications' and offers a natural environment for stablecoins and tokenized securities operations. The company aims to build on its existing collaboration in Europe, where participants can settle tokenized securities against USDC through atomic delivery versus payment.

Ray Tierney, CEO of 21X LLC, added that the US is 'the world's largest capital market' and will be central to the next phase of tokenization. Joining the Arc ecosystem from day one is an important step in 21X LLC's strategy to create regulated institutional access to tokenized securities across open blockchain networks.