First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

21X, the first blockchain-based exchange licensed under the EU’s DLT Regime, has adopted Chainlink data oracles to provide real-time, on-chain market data for its tokenized securities, the companies announced Monday.

The integration, powered by the Chainlink Runtime Environment (CRE), enables verifiable market data, including best bid and ask prices with corresponding quantities, as well as last traded prices for securities listed on the 21X platform. This data is accessible in real-time on the public Polygon blockchain.

Discussing the move, Max Heinzle, CEO of 21X, said it was a “foundational step” that connects blockchains to traditional capital markets. The integration will allow 21X to securely and reliably deliver real-time, verifiable market data for 21X’s listed securities.

“By integrating Chainlink into our regulated DLT trading venue, we’re delivering the transparency, auditability, and collateral utility that institutions require to move on-chain,” Heinzle stated.

Using Chainlink’s infrastructure, which secures the majority of DeFi transactions, 21X’s market data is automatically retrieved from on-chain contracts, aggregated, and published in a standardized, machine-readable format.

“We’re excited that 21X, the first fully regulated on-chain market for trading and settlement, has adopted the Chainlink data standard,” said Fernando Vazquez, President of Banking & Capital Markets at Chainlink Labs. “With Chainlink making 21X’s EU-regulated tokenized securities more usable across the on-chain economy and helping bring institutional-grade assets to DeFi protocols across the globe, this is a pivotal moment for the blockchain economy as it opens the floodgates of institutional capital to flow on-chain.”

21X plans to expand the Chainlink integration to include pre-trade data, deeper analytics, and additional asset classes.