FinTech company 21finance and technology provider NYALA have entered into a strategic collaboration in the field of digital assets. Together, they take aim at the market for security tokens, NFTs and crypto securities. According to the World Economic Forum, the market for these types of financial instruments is estimated to reach US$24 trillion by 2025. The German market for crypto securities alone is expected to grow to 200 billion euros by 2026, according to a forecast by consulting firm ZEB. The strategic cooperation between 21finance and NYALA enables both companies to expand their service spectrum and jointly offer a comprehensive range of services for issuing, distributing and trading digital assets based on distributed ledger technologies (DLT).
With an innovative software and service solution, 21finance offers banks, financial intermediaries as well as non-licensed companies the opportunity to operate a digital marketplace for the distribution of tokenized financial instruments. Issuers additionally have the opportunity to place their financial products within 21finance’s network and can thus significantly increase their reach and placement power. Marketplace operators on the other hand can offer their retail or institutional investors a broader investment spectrum through third-party products. For the provision of the secondary market, 21finance DLT-TSS AG, as a subsidiary of 21finance AG, has applied for a license as a DLT Trading and Settlement System in the EU DLT pilot regime in March 2023. This enables a liquid trading venue to be connected for equity, fund and bond tokens. As an all-in-one solution, 21finance provides a comprehensive offering for digital assets. For this, the FinTech works closely with technology providers such as NYALA.
NYALA operates a technical infrastructure for the issuance, administration, safekeeping, securing and logging of digital (tokenized) securities and assets and, with its subsidiary Smart Registry GmbH, provides the service of register management for electronic securities, which requires a license.
“We are convinced that the cooperation with 21finance is a big step for the emerging market of tokenized securities. The modular distribution platform with access to the secondary market, complemented by our digital securities registration capabilities, can fully serve the growing demand of our customers.” says Daniel Wernicke, co-CEO of NYALA, enthused.
Through the cooperation, the two companies significantly expand their service offering and can act as a one-stop store for digital assets vis-à-vis business customers.
About NYALA
NYALA is a technology provider for institutional investors and financial service providers and operates a technical infrastructure for the issuance, administration, custody, security and logging of digital (tokenized) securities and assets. For services requiring authorization, such as the custody of crypto securities as well as the registry management for electronic securities, NYALA relies on partners such as Smart Registry GmbH and Hauck Aufhäuser Digital Custody GmbH.
About 21finance AG
With its software solution, 21finance AG offers banks, financial intermediaries and companies outside the financial sector the possibility to distribute financial products and crypto assets via digital platforms. Business customers of 21finance can issue and distribute tokenized financial instruments such as shares, bonds or investment funds in a legally compliant manner via their own white label platform and make them accessible for trading in the secondary market. Investors can thus be offered a fully digital and regulated investment experience. Issuers also have the opportunity to place their financial products within the 21finance network, significantly increasing their reach and placement power. For the provision of the secondary market, 21finance DLT-TSS AG, as a subsidiary of 21finance AG, has applied for a license as a DLT trading and settlement system in the EU DLT pilot regime in March 2023. Thus, 21finance offers a fully comprehensive software and service portfolio for digital assets.
Contact 21finance
Timo Reitmaier
21finance AG
Head of Marketing & Communications
M: +49 170 2180177
More: www.21.finance
Contact NYALA
Hanna Dudenhausen
NYALA Digital Asset AG
Head of PR
+49 (0)151 291 091 26
More: www.NYALA.de