ABN AMRO Completes On-Chain Trading Pilot with Stablecoins

Dutch bank ABN AMRO has successfully completed a pilot program that tested on-chain settlement for tokenized securities using stablecoins. The trial was conducted in partnership with German digital asset exchange 21X.

Pilot Program Details

The pilot involved the listing of a tokenized asset on 21X’s on-chain market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, which was paired with an ERC-20-based “E-Money Token” by 21X. The asset itself was not named.

“As part of our launch preparations we are now in the process of onboarding institutional participants,”

said Max Heinzle, CEO of 21X. He also highlighted the benefits of using blockchain technology in reducing costs and increasing efficiency in the on-chain system.

ABN AMRO’s Digital Asset Involvement

ABN AMRO has been active in the digital assets space, having previously issued tokenized green bonds. Following the pilot, the bank is now expanding its scope to include secondary market capabilities through cooperation with the European DLT trading and settlement system.

Martijn Siebrand, digital assets program manager at ABN AMRO, stated that the bank is committed to exploring the potential of tokenization and its applications in the financial sector.

21X Exchange Launch and Germany’s Tokenization Efforts

21X, which secured an EU-regulated trading license in December 2024, plans to launch its exchange, although the exact timing remains unclear.

Germany has also been making progress in asset tokenization. The country’s central bank joined Singapore’s Project Guardian in November 2024, an initiative focused on digital asset standardization and interoperability.

Key Takeaways:
• ABN AMRO completes on-chain trading pilot with stablecoins
• 21X plans to launch its exchange after securing EU-regulated trading license
• Germany advances asset tokenization efforts through Project Guardian

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