21X Group joins Arc as a Day-1 launch partner for tokenized securities

21X Group said its subsidiary 21X AG has been named a Day-1 launch partner on Arc, and the two companies will build use cases for issuers and brokers of tokenized securities in the EU and US. Before mainnet, they tested tokenized securities trading on Arc through 21X AG's EU infrastructure with atomic settlement against USDC in under a second. The US side depends on regulatory approvals that 21X has not yet received.

• 21X AG, a BaFin- and ESMA-supervised EU venue, is a Day-1 launch partner on Arc
• Tested tokenized securities trading with atomic USDC settlement in under one second
• Arc uses USDC for gas, starting with Circle's USDC
• 21X LLC is seeking approvals to form a broker-dealer for U.S. tokenized securities and is not yet operating in the US