21X – Europe’s DLT trading and settlement system under the EU DLT Regime – and SOOHO.IO – the Korean blockchain fintech powering Project Namsan, an institutional consortium building a stablecoin ecosystem for FX and programmable payments – announced they are exploring a collaboration. This tie-up aims to explore a bridge to “enable FIs to access tokenized stocks, bonds and funds using SOOHO’s stablecoin on and off-ramps and FX layers.”
Institutions could convert stablecoins across “different currencies invest them into yield-bearing tokenized assets, unlocking innovative trading and treasury offerings with atomic, on-chain efficiency.”
The companies are also working on a joint pilot program “to showcase fully compliant cross-border flows in connection with KRW stablecoin FX, Namsan settlement and regulated tokenized securities trading on 21X.”
This will demonstrate the future of digital finance “to accelerate institutional adoption between Asia and Europe.”
Max J. Heinzle, CEO of 21X, stated that as Europe’s licensed DLT exchange, 21X is committed to “unlocking the benefits of tokenized assets for global institutions.”
Heinzle added that partnering with SOOHO.IO and Project Namsan is in line with our approach to reach into Asia’s dynamic markets, creating new opportunities as part of our global expansion strategy.”
Jisu Park, CEO of SOOHO.IO, stated that this collaboration represents a pivotal step in realizing “an interconnected global digital economy.”
By building bridges between Project Namsan’s stablecoin rails and 21X’s tokenized markets, they “will pave the way for programmable cross-border investment flows that benefit our institutional clients.”
As noted in the update, SOOHO.IO is Korea’s blockchain fintech innovator, delivering enterprise infrastructure “for tokenized assets, programmable payments, and cross-chain settlement.”
Leading Project Namsan, it drives the KRW stablecoin ecosystem “with global partners like Chainlink.”
As mentioned in the announcement, 21X is a Frankfurt-based financial institution at the forefront of enhancing capital markets “through the use of blockchain technology.”
On 8th September 2025, 21X reportedly opened the “regulated distributed ledger technology trading and settlement system (DLT TSS) in the EU.”
21X enables atomic trading without “counterparty or credit risk through smart contract-based issuance, trading and settlement of tokenized stocks, bonds and funds.”