21X and think tank collaborate
Munich, 08 February 2024 – 21X – a DLT market infrastructure expert for trading of digital assets – and think tank Business Solutions – an internationally active IT and business consulting company with in-house software development – have entered into a partnership to jointly conquer the market for tokenized securities, allowing their customers to undertake digital trading and settlement activities within the strict regulations of the trading venue.
21X will soon bring to market its unique trading and settlement system for digital assets based on distributed ledger technology (DLT) that allows customers for the first time to undertake fully regulated digital trading and settlement activities, according to the European Union’s DLT pilot regime.
As a partner, think tank will offer companies seeking a primary or secondary market listing of digital assets on 21X’s exchange a range of services to ensure they meet all necessary legal, technical and regulatory requirements.
Specifically, think tank will integrate tokenization and custody service providers into 21X’s ecosystem using think tank’s project and consulting services. Additionally, think tank manages the provision and operation of regulatory-compliant IT environments for 21X exchange customers, as well as offering advice on wider business and IT strategy – particularly relating to MaRisk, BAIT and DORA financial services operational resilience regulations.
Max J. Heinzle, founder and CEO of 21X, said: “We recognize that for a company to meet all the necessary national and international regulatory requirements for the listing of digital assets is a significant undertaking. This is why we are pleased that these companies – whether seeking a primary or secondary listing – will be able to work with think tank, our digital services consulting partner, to guide them through all the relevant aspects of a listing. I am sure that this will make bringing digital assets to market a simpler and swifter process.”
Mohamed Chergui, CEO of think tank, added: “We are delighted about the partnership with 21X and look forward to working together with this partner with its unique expertise in DLT based Digital Asset Market Infrastructure to exploit the enormous potential in the area of digital assets & custody across all sectors and further expand our business. With Sarah Rentschler-Gerloff as Head of Digital Assets & Custody, we also have exactly the right person to make this cooperation a success.“
In March 2023, 21X applied for a license to operate a DLT based trading and settlement system in accordance with the European Union’s DLT regime. After the license has been secured, which is hoped for in the next two-three months, 21X will complete the exchange infrastructure to allow customers to undertake digital trading and settlement activities. Together with think tank, 21X will ensure that listing companies meet all regulatory requirements, after which the digital assets will be admitted for trading on 21X, a company acting as a pioneer in a market estimated to be worth as much as 10 percent of global GDP by 2030.
About think tank
think tank Business Solutions AG is a medium-sized company based in Munich with branches in Tunisia and Switzerland. The company has been offering business and IT consulting as well as innovative individual software solutions for the automotive and manufacturing industries as well as the financial sector for decades. It supports its customers in digitising their business processes for better customer centricity. As an expert in digital transformation and innovative technologies, think tank Business Solutions AG also accompanies clients on their path of agile transformation. Another focus of its business activities is information security. In the coming years, the company will increasingly focus on distributed ledger technologies such as blockchain and the tokenisation and safekeeping of digital assets, as well as related application areas for its clients.
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