"Tradevest designated as market facilitator for 21X's blockchain trading platform"
Tradevest Joins 21X as First Market Maker on Europe's First Regulated DLT Exchange
Tradevest, a leading provider of innovative financial solutions, has partnered with 21X, a Frankfurt-based blockchain firm, to serve as the first market maker on 21X's digital asset exchange. This collaboration is a significant step towards creating a robust and efficient trading environment for participants on Europe's first fully regulated distributed ledger technology (DLT) exchange [1][3][4].
As a market maker, Tradevest will post quotes, ensuring competitive pricing and execution of trades. This contribution is crucial for enabling deep liquidity, seamless trading, and transparent price discovery on 21X’s exchange [1][4]. By acting as a market maker, Tradevest helps create a robust and efficient secondary market for tokenised financial instruments, allowing traditional securities such as stocks, bonds, and funds to be traded as digital assets on the blockchain. This enhances liquidity, meaning these digital securities can be bought and sold easily and reliably, a fundamental requirement for unlocking the full potential of tokenised financial instruments [1][4].
Ralf Wandmacher, CFO and COO at 21X, expresses excitement about Tradevest joining as a market maker on 21X. He says, "We are thrilled to have Tradevest on board as our first market maker. Their expertise and commitment to innovative financial solutions align perfectly with our vision to revolutionize capital markets through blockchain technology."
Dierk Wilhelmsmeyer, CEO and founder of Tradevest, emphasizes the importance of ensuring liquidity and reliable trading for tokenized financial instruments. He states, "We are committed to bridging the gap between traditional capital markets and the digital infrastructure of tomorrow. Our partnership with 21X is a key step in developing a liquid and efficient secondary market for tokenised financial instruments in Europe."
21X claims to operate Europe's first fully regulated DLT-based trading and settlement system in the EU. This partnership is part of Tradevest's broader strategy to act as a bridge between traditional capital markets and the digital infrastructure of tomorrow [1][3].
In addition to its role as a market maker, Tradevest's modular, scalable platform allows for quick integration of new products into regulated trading processes, supporting the structural opening of capital markets to tokenized securities. 21X is considering expanding its partnership with Tradevest to include services such as digital custody, onboarding, and asset tokenisation [1][3].
The development of a liquid and efficient secondary market for tokenised financial instruments could transform the securities industry in Europe. This collaboration exemplifies how blockchain can securely and efficiently transform securities trading by integrating traditional financial instruments into a modern, regulated digital marketplace [1][3][4].
[1] 21X Press Release, "21X Appoints Tradevest as First Market Maker on its Digital Asset Exchange", [Date], URL [2] Tradevest Website, "About Tradevest", [Date], URL [3] 21X Website, "21X and Tradevest Partnership", [Date], URL [4] Blockchain News, "Tradevest to Provide Liquidity for 21X's Regulated DLT Exchange", [Date], URL
In their role as market makers, Tradevest's contribution to 21X's exchange will ensure seamless trading and transparent price discovery, facilitated through the use of advanced technology within the finance industry. This collaboration between Tradevest and 21X is a significant step towards creating a robust and efficient trading environment for tokenised financial instruments, utilizing blockchain technology to revolutionize capital markets.
