21X Group Partners with Circle to Leverage Arc for Tokenized Securities
21X Group has announced its collaboration with Circle as it joins Arc as a Day-1 launch partner. This partnership will explore the use of Arc for tokenized securities on 21X Group's trading and settlement systems.
The EU-based financial infrastructure group, 21X Group, operates a venue where institutional participants can issue, trade, and settle tokenized securities through atomic delivery versus payment, reducing settlement time and principal risk. Its European venue currently supports USDC as a settlement currency.
21X LLC has announced its entry into the US market, marking its first expansion outside Europe. The company is seeking US regulatory approvals to form a US broker-dealer that will operate an alternative trading system offering subscribers the ability to trade in tokenized securities.
Ahead of the Arc mainnet launch, 21X Group and Circle successfully tested the trading of tokenized securities on Arc through 21X AG's EU capital market infrastructure - leveraging atomic settlement against USDC in under one second.