Amina Joins 21X as First Regulated Bank Under EU Blockchain Pilot

Amina, a Swiss crypto bank based in Zug, has become the first fully regulated bank to join 21X, a blockchain-based securities platform operating under the European Union's distributed ledger technology pilot framework. The arrangement is structured through a collaboration with Tokeny, a Luxembourg-based firm that builds technology for issuing and managing tokenized financial assets.

Through this partnership, Amina will support companies that want to issue tokenized securities on the 21X platform. This addresses an obstacle that has slowed institutional adoption of tokenized assets, according to Baker McKenzie's European Financial Services practice, which identified a lack of interoperability between tokenized asset platforms as a central barrier in a June analysis.

The EU's DLT pilot regime has also drawn criticism from industry participants, with some warning that current caps and limitations within the framework could prevent European blockchain markets from scaling fast enough to compete with other jurisdictions. The broader market for tokenized real-world assets continues to grow, reaching $26.5 billion in total value.