21X built an exchange that could meet all of the regulatory requirements of the DLT regime. The firm is regulated as a financial institution, so it is expected to meet the highest standards of compliance as set by ESMA.
As such, selecting a regulatory technology partner that could meet these expectations was a vital part of 21X’s strategy, particularly given the ‘Wild West’ reputation that has traditionally blighted the trading of security tokens and crypto assets.
After evaluating multiple regulatory technology vendors, 21X selected eflow’s integrated solutions for trade surveillance, best execution and transaction reporting.
Our technology was praised for its ability to help the 21X team automate significant parts of their regulatory processes, as well as being able to manage multiple regulatory obligations via a holistic solution.
21X trusted eflow's modular, integrated regulatory technology to create 'one source of the truth' when it came to regulatory reporting.
eflow's cutting-edge analytics ensured that the 21X team could access the deep regulatory insights that they needed to satisfy their reporting obligations.
As a digital-first business, 21X placed significant value on regulatory tools that supported faster, more efficient ways of meeting their regulatory obligations.
“We were particularly impressed by eflow’s behaviour analysis tools which examine market movements by looking at micro factors and global events combined. This more holistic approach can be a better way to examine market activity to differentiate between standard market changes and fraudulent behaviour.”
