Frankfurt-based 21x, a place of trade in tokenized shares, bonds and funds regulated by Germany’s economic watchdog Bafin, has integrated Circle’s USDC StableCecoin as a key settlement currency on the platform.

The USDC integration is part of 21x’s mission to build a multi-currency, Mica-adjusted, open market environment for institutional trade in tokenized securities, the company said on Monday.

Tokenization is where traditional funding dips its toe into the public cryptocurrency Arena. Circle, which will soon be listed on the New York Stock Exchange, is the obvious choice when it comes to an issuer of stablecoins for a highly regulated European tool like 21x.

With USDC available at 21x’s market infrastructure, users will benefit from wallet -based, atomic settlement of a wide range of tokenized instruments, including stocks, bonds and funding instruments – all in USD, 21x said in a press release.

“Circle is deeply committed to supporting regulated infrastructure that promotes trust and transparency in markets for digital asset,” said Sanja Kon, Vice President of Europe in Circle. “To make USDC available to run tokenized securities on 21x – Europe’s first DLT exchange – will run the adoption of financing on chain and promote more efficient and accessible capital markets.”