Tokenized financial instruments – such as stocks, bonds, or funds – are driving the next wave of institutional adoption of blockchain technology, which will unlock profound changes to capital markets and global finance.
Berlin, December 13, 2023: tokenforge, the premier software platform for compliant asset tokenization offering SaaS and white label solutions, today announces two pivotal partnerships with 21X and Nucleus Finance. This collaboration fortifies tokenforge’s position by broadening its client offerings across the digital securities landscape—from customer registrations and onboardings, over tokenized issuing and distribution to a robust secondary market.
tokenforge empowers clients with the necessary technology to tokenize assets, manage registries, and distribute tokens through their own channels or third-party integrations. With the partnership with Nucleus Finance, tokenforge now expands its services to include financial instrument structuring, lifecycle management, and automated post-trade asset servicing. 21X provides primary and secondary market infrastructure for the distribution and trading of digital securities – including delivery-versus-payment (DVP) matching and settlement.
All parties plan to leverage the ACTUS open source standard for algorithmic contract types to provide a more comprehensive service offering to digital asset issuers on DLT-TSS. Nucleus Finance’s automated workflows will enable issuers on the tokenforge platform and 21X to realize substantial cost savings throughout the entire lifecycle, from asset structuring and servicing to risk management.
The agreement between tokenforge and 21X marks the starting point of a unified software and service platform. This partnership integrates diverse functionalities for digital assets—investor onboarding, custody integrations, standardized tokenization and distribution as well as trading in the secondary market. This encompasses security tokens, electronic securities, and DLT financial instruments.
Moritz Stumpf, founder and Co-CEO of tokenforge, commented: “Our end-to-end solution has streamlined the entire investment journey, spanning from investors registration and onboarding, over minting to distribution and investor management dashboards. Through our strategic partnerships with 21X and Nucleus Finance, we’re poised to enrich our offering through further asset structuring expertise and life cycle management automations as well as with primary and secondary market infrastructure services, reinforcing our standing in the dynamic digital assets sector.”
Based in Berlin, tokenforge is an API-native infrastructure provider, empowering banks, financial institutions, and non-financial sector enterprises with compliant asset tokenization solutions as SaaS or white label offerings. The tokenforge Suite simplifies seamless, regulatory compliant asset tokenization, eliminating the need for complex coding.
tokenforge enables standardized smart contracts for streamlined processing of structuring, trading, settlement, and servicing of tokenized stocks, bonds, and fund instruments to foster the growth of digital assets on DLT.
For DLT-based asset tokenization, tokenforge offers end-to-end functionalities, covering website integration, minting across leading EVM chains, and transfer to registry-white-listed custodial wallets based on specific token standards.
Headquartered in Frankfurt, 21X is a pioneering fintech company developing a blockchain-powered distributed ledger technology (DLT)-based trading and settlement system (DLT-TSS) for tokenized financial assets, which will operate under the regulatory authority of the European Securities and Markets Authority (ESMA).
21X has submitted its application for a license to operate a European DLT exchange, and is expected to be one of the first companies authorized to operate. With the growth of digital asset issuance and trading, 21X also enables smart contract-based structuring, trading, settlement, and servicing of tokenized stocks, bonds, and fund instruments. 21X – a subsidiary of 21finance – is headquartered in Frankfurt and was set up in March 2023.
About Nucleus Finance
Nucleus Finance is a fintech company on a mission to automate the structuring, lifecycle management, and auditing of financial contracts.
Nucleus Finance’s lightweight, API-native lifecycle management and analytics solutions integrate seamlessly with core banking and loan management systems. This grants asset issuers, asset managers, and regulators near-real time, deterministic cash flow and balance sheet insights as well as advanced risk management tools for scenario stress testing and liquidity forecasting.
For more information and contacts:
Moritz Stumpf, CEO tokenforge
Jeffrey Hartjes, Founder Associate, 21X
Justus Schreiner, Head of Business Development EMEA