First EU-regulated on-chain exchange 21x tapered chainlink for tokenized effects

21x, the first blockchain-based exchange that is licensed under the DLT regime of the EU, Chainlink Data Oracles has adopted real-time, on-chain market data for its tokenized effects, the companies announced on Monday.

The integration, powered by the Chainlink Runtime Environment (CRE), makes verifiable market data possible, including the best bidding and asking prices with corresponding quantities, as well as the last traded prices on the 21x platform. This data is accessible in real time on the public polygon blockchain.

Max Heinzle, CEO of 21x, said it discussed a “fundamental step” that connects block chains with traditional capital markets. With the integration, 21x can provide safe and reliable real -time, verifiable market data for the stated effects of 21x.

“By integrating Chainlink into our regulated DLT trading location, we deliver transparency, auditability and collateral utility that settings need to move on-chain,” Heinzle said.

Using the infrastructure of Chainlink, which protects most Defi transactions, 21X’s market data are automatically collected from contracts on chains, aggregated and published in a standardized, machine-readable format.

“We are pleased that 21x, the first fully regulated on-chain market for trade and settlement, has accepted the Chainlink data standards,” said Fernando Vazquez, president of Banking & Capital Markets at Chainlink Labs. “With Chainlink, 21x’s EU-regulated tokenized effects makes more usable in the on-chain economy and helps in bringing institutional quality assets to Defi-protocols around the world, this is a crucial moment for the blockchain-economy because the sluice door of Institutioneur.”

21x is planning to expand the chain link integration with pre-trade data, deeper analyzes and additional asset classes.