LayerZero·21X processes 10,000 tokenized U.S. stock orders per second

LayerZero and EU-licensed trading and settlement platform 21X AG completed a one-month on-chain trial of a tokenized US equity order book that executed 10,000 orders per second, running LayerZero's Zero blockchain in a permissioned, private environment. The companies said in a joint statement that throughput was up to 45 times higher than a benchmark Layer 2 EVM network, with order matching and settlement handled in a single transaction. The test used a central limit order book (CLOB) that aggregates buy and sell orders by price and quantity and matches compatible trades. The result matters as a scalability proof point for tokenized securities, where settlement speed and atomic execution are key to competing with traditional market infrastructure. Next, watch whether 21X moves the setup from pilot to production and whether other venues adopt Zero-based order books.