Dusk and 21X: Strategic Collaboration for RWAs
We are pleased to share our strategic collaboration with 21X, with Dusk being onboarded as a trade participant. Additionally, deeper integrations planned, including 21X integrating our DuskEVM chain.
This is a fantastic strategic partnership for Dusk. 21X is the first company to receive the DLT-TSS license under European regulation for a fully tokenized securities market. Our work, expertise, and goals are closely aligned, and we are thrilled to add another regulation-focused collaboration to our growing list of partnerships.
Through this partnership, we gain access to their regulatory exemption, while they gain the use of our institution-grade blockchain and infrastructure.
This is a great opportunity for both of us, and an even bigger opportunity for capital markets to bring their assets and issuance on-chain, compliantly, and easily.
Real-world assets (RWAs) are one of the fastest-growing and most exciting areas of crypto, not to mention the value of regulated assets more broadly; trillions of dollars of stocks, bonds, and other securities, not to mention currencies, real estate, and more.
Why 21X is a perfect fit
21X is a leader in the real-world asset (RWA) space. The first to receive the DLT-TSS. This means they are able to:
- Combine Trading and Settlement Functions
Traditionally, trading platforms and central securities depositories (CSDs) operate separately. 21X is permitted to merge these functions into a single DLT Trading and Settlement System (DLT TSS). This integration allows for atomic, real-time settlement of trades directly on the blockchain, eliminating the need for intermediaries and reducing settlement times to mere seconds
- Operate on a Public, Permissionless Blockchain
While many regulated financial platforms use private blockchains, 21X is authorized to operate public and permissionless blockchains.
A powerful partnership
We met the 21X team last year at the TokenFuture event in Frankfurt, and it was clear from the beginning that there was huge potential for collaboration. It was great to see another team with such focus on regulatory compliance, and we saw a lot of potential for future collaborations.
The scope of the partnership will initially focus on access to 21X’s regulated market infrastructure, specifically stablecoin treasury management, with 21X planning to integrate DuskEVM, our EVM-compatible chain, as one of their supported blockchains.
This will give institutions another way to use Dusk’s powerful, private, and compliant infrastructure. We are built to allow institutions to natively issue and manage the full lifecycle of an asset on-chain, rapidly reducing time and costs, and facilitating better finance.
Partnerships like this are the beginning of tokenizing and natively issuing everything!
An on-chain financial system
Looking ahead, we’re continuing to onboard NPEX, a Netherlands-based stock exchange and one of our key partners, onto the Dusk blockchain, bringing their €300M AUM on-chain.
With other recent partnerships like PlayMatika, who will use DuskPay as part of their payment system for gaming, the pieces are falling into place for Dusk.
With each new integration, each licensed partnership, and each regulatory alignment, Dusk is building more than a blockchain—we’re building the infrastructure for capital markets to operate securely and natively on-chain.
We’re excited to welcome 21X into the growing Dusk ecosystem, and we look forward to what we’ll build together.
