21X, Europe’s first fully regulated Distributed Ledger Technology-based trading and settlement system (DLT TSS), has announced its launch on the Stellar network as part of its multichain expansion strategy. The announcement was made at Fireblocks SPARK’25 in Barcelona, a gathering of financial institutions and technology leaders that highlighted growing momentum behind institutional adoption of on-chain finance.

Takeaway: 21X’s integration with Stellar introduces regulated secondary market trading of tokenized securities on the network for the first time in the EU.

Unlocking Institutional-Grade Tokenized Finance

This collaboration enables institutions to list and trade tokenized securities on Stellar through a regulated European secondary market. It marks the official launch of 21X’s multichain strategy, positioning the firm as a technology-agnostic market infrastructure provider. With its unique EU DLT Regime license, 21X is authorized to operate across multiple public blockchains, tailoring access to diverse institutional needs.

Following the launch of its secondary market on September 8, 2025, Stellar now becomes the second blockchain supported by 21X. The platform is expected to go live for investors by the end of the year.

Takeaway: The move expands 21X’s infrastructure to multiple blockchains, offering institutions flexibility while ensuring compliance.

Building on Stellar’s Ecosystem

Stellar’s established ecosystem of issuers, tokenized assets, and regulated stablecoins provides a foundation for liquid, compliant markets. Integration with Fireblocks means institutions can access 21X on Stellar using existing workflows, streamlining connectivity.

Institutions will gain access to:

• A custom on-chain central limit order book (CLOB) built natively on Stellar.
• Deterministic matching and atomic settlement in compliant stablecoins.
• Speed, scale, and regulatory alignment for tokenized stocks, bonds, and funds.

Takeaway: By combining 21X’s regulated platform with Stellar’s infrastructure, institutions can tap new liquidity with operational simplicity.

Leadership Commentary

“Our multichain strategy is driven by the needs of the industry. Institutions want to use the blockchains that provide the best combination of performance, compliance, and ecosystem readiness. The Stellar network delivers on all three, making it a natural choice,” said Max J. Heinzle, CEO of 21X. “By building a chain-agnostic regulated secondary market, we are creating a global pathway for the tokenization of real-world assets.”

“Stellar is a leader in tokenization of real-world assets because the network was built for the issuance and transfer of RWAs at scale,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “21X’s regulated secondary market on Stellar is further proof that the network is the place for institutional-grade tokenized finance.”

Takeaway: Both executives emphasize that this collaboration bridges institutional compliance with blockchain-native liquidity.