Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum

Abn Amro, the third largest bank in the Netherlands, finished chain trading with stablescoins in a pilot with German Exchange 21x.

The Netherlands“The third bank ABN AMRO finished a commercial test with 21x, an exchange of digital assets based in Frankfurt, which tested the chain settlement for token titles using Stablecoins.

In a January 30 ad21x, said the test involved lists a tokenized asset on its chain market. Abn Amro has published an ERC-3643 token on the Polygon Amoy Testnet, while 21x associated it with a “monhone token” based on ERC-20, without naming the asset.

“As part of our launch preparations, we are now in the process of joining institutional participants,” said Max Heinzle, CEO of 21x. He also praised the role of blockchain in cost reduction and the growing efficiency of the chain system.

ABN AMRO has been involved in digital assets for some time, in particular by issuing token green obligations. Martijn Siebrand, head of the digital asset program at ABN AMRO, said that after the pilot, the bank now adds “secondary stock capacity” at its reach thanks to cooperation with the European Trading and DLT regulation system.

21x, which obtained a commercial license regulated by the EU in December 2024, now plans to launch its exchange, although the exact calendar remains uncertain.

Germany has also advanced the tokenization of assets. In November 2024, the central bank of the country seal The Guardian project of Singapore, an initiative of the monetary authority of Singapore has focused on the normalization and interoperability of digital assets.