According to CoinDesk, Dutch bank ABN AMRO has successfully executed an onchain trade involving tokenized assets and stablecoins in collaboration with Germany-regulated firm 21X. This initiative marks a significant step in the financial sector's exploration of blockchain technology. The two companies completed a joint proof of concept (PoC) by issuing a token on the Polygon Amoy Testnet. This token was paired with an e-money token, facilitating a seamless trading process. The deployment of 21X's on-chain order book smart contract enabled the exchange of tokenized cash and the tokenized asset in a single transaction, as stated in an announcement on Thursday. Frankfurt-based 21X, which is developing a blockchain-based exchange for listing and trading tokenized securities, received approval from the German regulator BaFin in December. This regulatory endorsement is a crucial milestone for blockchain-native companies like 21X, as it allows traditional financial (TradFi) firms to engage in partnerships with greater assurance. The tokenization of real-world assets, such as stocks or bonds, has garnered increasing interest from TradFi firms, highlighting the growing integration of blockchain technology in traditional finance.