The third largest bank in the Netherlands ABN Amro Pilots tokenized Commerce in Ethereum

ABN Amro, the third largest bank in the Netherlands, has completed trade in the chain with Stablecoins in a pilot with German exchange 21x.

The third largest bank in the Netherlands, ABN Amro, has completed a negotiation trial with 21x, an exchange of digital assets based in Frankfurt, which tested an agreement on the chain for tokenized values ​​using Stablecoins.

In January 30 ads21x said the test involved listing an active tokenized in his market in the chain. Abn Amro issued a Token ERC-3643 at the Polygon Amoy Testnet, while 21x matched him with a “money token” based on ERC-20, without appointing the asset.

“As part of our launch preparations, we are now in the process of incorporating institutional participants,” said Max Heinzle, 21x executive director. He also praised Blockchain's role in reducing costs and increasing the efficiency in the system in the chain.

Abn Amro has been involved in digital assets for some time, including the emission of tokenized green bonds. Martijn Siebrand, manager of the Digital Assets Program at Abn Amro, declared that after the pilot, the bank is now adding “secondary market capabilities” within its reach through cooperation with the European Trade and Liquidation System of DLT.

21x, which secured a commercial license regulated by the EU in December 2024, now plans to launch its exchange, although the exact moment remains without being clear.

Germany has also been advancing in asset token. In November 2024, the Central Bank of the country joined the Guardian project of Singapore, an initiative of the Singapore monetary authority focused on standardization and interoperability of digital assets.