ABN AMRO, the third-largest bank in the Netherlands, has completed a pilot program for on-chain trading of tokenized securities in collaboration with the German digital asset exchange 21X.
The trial, announced on January 30, focused on using stablecoins to settle tokenized assets. During the test, 21X listed a tokenized asset on its blockchain-powered market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, which was then paired with an ERC-20-based “E-Money Token.” However, the specific asset used in the pilot has not been disclosed.
Max Heinzle, the CEO of 21X, emphasized the potential of blockchain technology to lower costs and improve operational efficiency in on-chain systems. The exchange is currently focusing on onboarding institutional participants as it prepares for the official launch of its platform.
ABN AMRO, which is involved in digital asset initiatives, has previously issued tokenized green bonds. Martijn Siebrand, the bank’s Digital Assets Program Manager, noted that the pilot program represented a significant advancement. The bank now focuses on adding secondary market capabilities in collaboration with the European DLT trading and settlement system.
21X, which received its EU-regulated trading license in December 2024, is preparing to officially launch its exchange, although a specific launch date has not been determined.
Germany is advancing in digital asset tokenization, with its central bank joining Singapore’s Project Guardian in November 2024. This initiative aims to improve digital asset interoperability across markets. Deutsche Bundesbank will test a blockchain platform for tokenized and digital assets, although further details have not been shared.
Similarly, the rise of tokenized RWAs has attracted attention from various players in the space. On January 3, 2025, Plume, a RWAfi platform, announced a partnership with PinLink, a DePIN platform, to revolutionize the management and tokenization of RWAs.The collaboration aims to tap into the projected $30 trillion RWA market by 2030, addressing liquidity and scalability concerns.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
