By Shikha Singh
German Fintech 21X Gets EU License For Tokenization Platform.
German fintech 21X, one of the four applicants for a blockchain trading infrastructure permit under the European Union’s DLT Pilot Regime, has secured regulatory approval to launch a tokenization platform.
On December 3, the firm announced that it had received a license to operate a blockchain-based trading and settlement system under European law.
Granted by German financial supervisory authority BaFin, the license enables 21X to launch its exchange for tokenized financial instruments from its Frankfurt headquarters.
South Korea Retail Crypto Trading Hits $18bn, Beating Local Stock Market.
Retail trading volumes for crypto assets in South Korea surged to $18 billion in the last 24 hours, outperforming the country’s stock market by 22%, according to 10x Research.
In a Dec. 2 report, 10x Research founder Markus Thielen said retail crypto trading volumes reached their second-highest level of the year on Dec. 2, with South Korean traders in a frenzy over a series of “high momentum” altcoins.
DOGS token To Donate $4.5mn Of Unclaimed Airdrops To Charities.
Following the launch of a charity portal in late November, DOGS, a memecoin based on The Open Network (TON), plans to donate over 6 billion tokens worth about $4.5 million to nonprofit organizations worldwide.
Telegram co-founder Pavel Durov’s iconic dog drawing, a global symbol of Digital Resistance and a TON rebrand following his arrest in France in August, served as the inspiration for the DOGS memecoin project.
Nike-Owned NFT Wearables RTFKT To Sunset In January.
RTFKT, the creators of non-fungible token (NFT) virtual sneakers acquired by Nike in 2021, have announced it will sunset operations in January 2025.
RTFKT said it would release one more collection featuring “BLADE DROP” before winding down as a “testament to our commitment to pushing boundaries and merging worlds.”
RTFKT launched in 2020 and later raised at least $8 million from investors, including Andreessen Horowitz. Nike acquired the NFT company in December 2021—at the peak of NFT summer.
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