TechFlame reported that on October 6, 21X announced its entry into the US market, established an entity in Delaware and set up a main office in New York, according to Financefeeds. The company plans

to launch a fully regulated blockchain digital financial instruments exchange.

21X has held initial talks with the US Cryptocurrency Task Force and the Securities and Exchange Commission (SEC) to present its capital market vision for faster settlements, lower costs, and greater transparency. The company now plans to submit an application to the SEC for approval.

The US exchange will provide atomic settlement functionality, shortening the current T+2 settlement process to T+1 seconds. By recording transactions on a public permissionless blockchain, the exchange will provide auditability and a level of trust rare in traditional markets. Supported assets will include tokenized stocks, debt instruments, ETFs, mutual funds, and structured products

.