A new article from Markets Media highlights how two digital asset platforms, BX Digital and 21X, are poised to operate under Europe’s evolving regulatory system using Chainlink’s essential tokenization services.
The EU’s DLT Pilot Regime, the UK’s Digital Securities Sandbox (DSS), Switzerland’s DLT Act, and the Markets in Crypto-Assets (MiCA) framework now collectively define legal boundaries that enable regulated institutions to build and operate blockchain-based financial infrastructure.
As the standard for onchain finance, Chainlink has enabled over $20 trillion in transaction value and provides key oracle services for a spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
RWAs represent traditional financial assets such as cash, debt, securities, commodities, and real estate as unified golden records onchain. Because RWAs confer additional benefits such as fractionalization and programmability alongside better liquidity, transparency, and risk management, the space could reach $10 trillion by 2030.
BX Digital, Switzerland’s first regulated financial market infrastructure for digital assets on the public blockchain, and its sister company, Swiss exchange BX Swiss, recently partnered with Chainlink to bring key pricing data for Swiss-based equities onchain. Both subsidiaries of Europe’s sixth largest exchange group, Boerse Stuttgart Group, BX Digital and BX Swiss are leveraging Chainlink’s verifiable onchain data to expand the Swiss market for digital assets.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) also provides a universal set of rails for RWAs to flow freely between private bank chains and public DeFi applications. BX Digital CEO Lidia Kurt explained how CCIP would streamline BX Digital’s plan to support multiple chains beyond its initial launch on Ethereum.
“We can do that ourselves by deploying our own infrastructure on new chains,” she said, “or we can do it by working together with Chainlink for cross-chain support.”
As the first EU-regulated trading and settlement infrastructure for digital assets, 21X has also partnered with Chainlink to enrich tokenized assets with high-quality data and facilitate cross-chain interoperability.
21X’s founder and CEO, Max Heinzle, indicated that once the platform launches on Polygon, CCIP will play a key role in its multi-chain expansion.
“We want to make sure liquidity isn’t dispersed and that tokens from different protocols are interoperable,” he explained. “For this purpose, we have partnered with Chainlink, a leading solution for interoperability and onchain data provision.”
He underscored the importance of Chainlink’s high-quality data.
“We see great value in Chainlink’s work on real-time fund NAV, making valuation data consumable onchain for trading participants on 21X. Accurate valuation of tokenized assets is critical for collateralization and lending use cases—being pursued by our professional and institutional customers.”