FAQ - For Listing Sponsors

Frequently asked questions and answers for Listing Sponsors

1. What is the role of a listing sponsor on 21X?

Listing sponsors assist issuers in structuring, documenting, and listing financial instruments on 21X. They ensure legal, regulatory, and technical compliance, and act as the primary point of contact between the issuer and 21X throughout the onboarding and listing lifecycle.

2. Who can become a listing sponsor?

Financial institutions, law firms, structuring agents, and advisory firms with relevant regulatory and structuring expertise may apply. All listing sponsors must be approved by 21X and enter into a formal Listing Sponsor Agreement. Being a listing sponsor on 21X does not constitute a licensed activity and thus does not require regulatory approval.

3. What services can listing sponsors provide to issuers?

Listing sponsors can support issuers with:

• Structuring and tokenization

• Documentation and regulatory filings

• Technical setup

• Ongoing compliance

They ensure that instruments meet the listing criteria and disclosure standards of 21X.

4. Are listing sponsors required for all listings?

Yes—unless the issuer has been explicitly approved by 21X to act as a self-sponsored entity based on its regulatory status and internal structuring expertise. Listing sponsors are required to ensure compliance and streamline the process, serving as the single point of contact between 21X and the issuer.

5. Can listing sponsors offer services across multiple asset classes?

Yes. Listing sponsors may support issuers of tokenized funds, equities, bonds, and other DLT financial instruments. Approval requires demonstrable expertise in each relevant asset class and jurisdiction.

6. What are the commercial terms for listing sponsors?

21X requires listing sponsors to sign a Listing Sponsor Agreement but does not mandate how sponsors charge issuers. Commercial terms are set individually, though 21X may offer incentive programs or collaborate on strategic initiatives based on listing activity.

7. How do I become an approved listing sponsor on 21X?

Interested firms must:

1. Submit an application detailing their credentials, relevant experience, and references.

2. Upon approval, sign the Listing Sponsor Agreement.

3. Adhere to ongoing regulatory and operational obligations.

8. Is there a registry of approved listing sponsors?

Yes. 21X maintains a registry of approved listing sponsors, accessible to prospective issuers. This enhances visibility and helps facilitate effective issuer–sponsor matchmaking.