LeveL Markets, a provider of industry-leading connectivity to a diverse international trading ecosystem, announced a strategic partnership with 21X, the world’s first fully regulated distributed-ledger-technology (DLT)–based trading and settlement system (TSS). The collaboration will enable digital trading services that connect traditional financial markets with next-generation, wallet-based trading rails.

The partnership brings together LeveL Markets’ deep expertise in institutional equity trading with 21X’s tokenized market infrastructure. By integrating their platforms, the two firms aim to extend established TradFi workflows into digital, wallet-native environments—removing operational and technical friction that has historically limited institutional participation in tokenized markets. Importantly, the integration allows institutions to access tokenized instruments without re-architecting their existing trading stacks.

Through the collaboration, LeveL Markets’ institutional clients will be able to trade tokenized financial instruments alongside traditional equities using familiar tools, protocols, and operating models. This approach is designed to align emerging wallet-based rails with institutional-grade trading workflows, creating a foundation for future interoperability. Over time, the firms expect this integration to support a more unified trading environment where traditional securities and tokenized assets increasingly coexist within the same institutional frameworks.

“LeveL Markets has always focused on improving execution quality and reducing friction for institutional participants,” said Steve Miele, CEO of LeveL Markets. “This partnership with 21X extends that mission into the next generation of market infrastructure, giving our clients seamless access to tokenized instruments while preserving the experience, controls, and performance they expect.”

“Institutions want the benefits of tokenization without re-engineering their entire trading stack,” added Max Heinzle, CEO of 21X. “By partnering with LeveL Markets, we’re embedding wallet-based rails directly into proven institutional workflows, making tokenized markets immediately usable for professional traders.”

The partnership provides a critical gateway for traditional financial institutions to engage with tokenized assets. By leveraging digital wallets, LeveL Markets’ clients can access the efficiencies of 21X’s blockchain-based infrastructure, including atomic settlement, reduced settlement risk, and lower intermediary costs—while maintaining the standards, controls, and reliability required in today’s institutional trading environment.