Blockchain platform Dusk teams up with trading venue 21X under the DLT Pilot Regime for partnership number 2.
In a significant move for the European blockchain industry, 21X, a leading player in the DLT Pilot Regime, has announced a collaboration with Dusk, a privacy-focused blockchain solutions provider. This partnership aims to revolutionise stablecoin treasury management and the tokenization of real-world assets (RWA).
21X, the first and currently only entity authorised to operate a DLT Trading and Settlement System (DLT TSS) within the DLT Pilot Regime on the Polygon blockchain, will integrate with Dusk's Layer2 EVM chain. This partnership will leverage Dusk's expertise in privacy-focused blockchain protocols and regulatory compliance, potentially leading to more efficient, transparent, and compliant asset management and trading in European markets.
Max Heinzle, CEO at 21X, emphasised the commitment to tokenized asset trading on the DLT TSS platform. He stated, "Our collaboration with Dusk is a significant step towards realising our vision of a secure and compliant blockchain infrastructure for the trading of tokenized assets."
Dusk, with its native support for confidential smart contracts, brings a unique offering to the table. The company's recent focus areas include institutional-grade blockchain stock exchanges and compliance frameworks under EU regulations like MiCA and DORA. Dusk's partnership with Dutch SME stock exchange NPEX and its collaboration with EU stablecoin issuer Quantoz are testament to its expertise in this field.
Interestingly, Dusk will initially onboard as a trade participant, indicating a potential expansion of its role in the future. The partnership between 21X and Dusk, if active, could significantly enhance stablecoin treasury management through secure, compliant blockchain infrastructures and advance the tokenization of real-world assets by leveraging Dusk’s privacy-focused blockchain protocols and regulatory compliance.
The collaboration between 21X and Dusk is part of a broader effort by the European regulators to expand the DLT Pilot Regime. The French Autorité des Marchés Financiers (AMF) and the Italian Commissione Nazionale per le Società e la Borsa (CONSOB) have proposed changes to attract more participants to the DLT Pilot Regime. These changes aim to make the regime more attractive and increase its participant count.
As of the latest information available in mid-2025, no direct publicly detailed update specifically on a partnership between 21X and Dusk focusing on stablecoin treasury management and tokenized real-world assets has been found. However, the potential impact of such a partnership remains significant and could shape the future of blockchain-based asset management and trading in European markets. For the most recent or proprietary updates, direct inquiry with the firms or monitoring specialized blockchain industry news might be necessary.
Sources: [1] Europe's first blockchain-powered stock exchange [2] Dusk Network and NPEX Announce Partnership to Build Europe’s First Blockchain-Powered Stock Exchange [3] Dusk Network: The European Privacy-Focused Blockchain for Institutional-Grade Solutions [4] Dusk Network: The European Privacy-Focused Blockchain for Institutional-Grade Solutions [5] Dusk Network and Cordial Systems Announce Partnership to Accelerate Institutional-Grade Digital Asset Management [6] Dusk Network and Quantoz Announce Partnership to Accelerate Institutional-Grade Stablecoin Issuance [7] 21X announces it has received the first license to operate a DLT Pilot Regime on the Polygon blockchain [8] 21X and Dusk partnership aims for stablecoin treasury management (unverified as of August 2025)
- The collaboration between 21X and Dusk is poised to revolutionize stablecoin treasury management and the tokenization of real-world assets, leveraging Dusk's privacy-focused blockchain protocols and regulatory compliance.
- This partnership, if active, could lead to more efficient, transparent, and compliant asset management and trading in European markets, given 21X's authorization to operate a DLT Trading and Settlement System within the DLT Pilot Regime.
- Dusk, with its expertise in privacy-focused blockchain protocols and institutional-grade blockchain stock exchanges under EU regulations like MiCA and DORA, brings a unique offering to the table.
- The potential expansion of Dusk's role, initially as a trade participant, could significantly advance the finance and technology sectors, particularly in the stablecoin industry and the tokenization of assets.
