21X Group Teams with Circle on Arc Ecosystem for Tokenized Securities

21X Group, an international financial market infrastructure group, has announced its collaboration with Circle to explore the use of Arc for tokenized securities on 21X's trading and settlement systems. The partnership will build use cases for issuers and brokers of tokenized securities on Arc across EU and US markets.

The two companies have entered into a collaboration that leverages Circle's infrastructure, which includes the world's largest stablecoin network anchored by USDC. This partnership marks an important step in 21X Group's strategy to create regulated institutional access to tokenized securities across open blockchain networks.

Ahead of Arc's mainnet launch, 21X Group and Circle successfully tested the trading of tokenized securities on Arc through 21X AG's EU capital market infrastructure. The test utilized atomic settlement against USDC in under one second, demonstrating the potential for efficient and secure transactions.