Two leading entities in the tokenization of real-world assets, INX and Backed, today announced the launch of new tokenized stocks to the INX platform for qualified non-US customers. INX is a regulated marketplace for trading security tokens and tokenized real-world assets.
With the successful introduction of tokenized Nvidia, INX and Backed are now broadening their portfolio by listing tokenized equities of Gamestop (bGME), Microsoft (bMSFT), Google (bGOOGL), and Tesla (bTSLA). These assets are backed one-to-one by the respective underlying equities and are issued under EU securities legislation. Ownership of these assets is transferred via the blockchain ledger and they are tokenized on the Polygon Proof of Stake (PoS) network.
The tokenized S&P 500 ETF (bCSPX), together with tokenized Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF, will be introduced by INX in two weeks. With the achievement of this milestone, non-US qualified investors will have more options to trade a wider variety of conventional financial products on-chain and have access to a new range of digital financial assets.
By merging conventional financial assets with the 24/7 liquidity and accessibility of the digital asset market, this development represents a major step toward democratizing access to these assets. Qualified investors will be able to fund their accounts with cryptocurrencies and trade a range of conventional assets outside of regular stock market hours.
This growth is yet another important step toward democratizing access to conventional financial assets and fusing them with the 24/7 accessibility and liquidity of the digital asset market. Outside of regular stock market hours, non-US qualified investors will be able to trade a range of conventional assets and have the option of funding their accounts with cryptocurrencies. Self-custodied securities provide traders access to new opportunities while improving the efficiency and flexibility of their portfolios. We are always trying to increase the number of real-world assets (RWAs) that are accessible for on-chain trade as part of our goal to connect conventional and on-chain finance.
Shy Datika, CEO of INX stated:
“We are excited to broaden our collaboration with Backed by adding these new tokenized stocks to our trading platform. This expansion is another step forward in our mission to enable the trading of real-world asset tokens. We aim to list additional tokenized RWA through other strategic partnerships regulations. We remain committed to advancing the accessibility and efficiency of the tokenized asset market, pushing the boundaries of global finance.”
Adam Levi, Co-Founder of Backed, added:
“The launch of bNVDA was just the beginning. By adding Microsoft, Tesla, S&P 500 ETF and others,we are offering investors an even wider range of tokenized assets to build their portfolios. We believe this is the future of finance, where traditional assets and digital markets converge seamlessly on the blockchain.”
Colin Butler, Global Head of Institutional Capital at Polygon Labs, added:
“At the core of public, open-source blockchains is the democratization of financial assets. This groundbreaking initiative, built on Polygon PoS, enables individuals who previously lacked access to basic investment and savings vehicles to finally participate in foundational aspects of the global financial systemWith Polygon PoS as a scalable, low-cost, and secure foundation, this expansion ensures accessibility for everyone, no matter where they are on their financial journey.”
With this partnership, tokenized shares—an additional asset type—will be available on the tokenized asset market that INX already offers. These new listings provide traders access to fractional ownership, round-the-clock availability, and blockchain security.
These new listings and all of Backed’s tokenized assets are issued under an EU prospectus, which provides qualified investors with complete transparency. The collateral value, which is kept with a certified custodian in accordance with an account control agreement, is the principal right of holders of these bTokens. Ownership is defined by the distributed ledger, or blockchain, which offers unmatched security and transparency.
One of the fundamental characteristics of this offering is self-custody, which enables investors to keep all of their asset control while holding securities directly in their wallets. The platform allows for trading around-the-clock, giving users more freedom and permitting transactions outside of regular market hours. Investors may utilize their tokenized equities as collateral for loans or other DeFi applications via integration with Decentralized Finance (DeFi).
The use of blockchain technology guarantees improved transparency and security. Furthermore, this product is accessible on the INX platform to authorized users and non-US citizens, providing the ease of on-chain transactions and the ability to fund accounts with cryptocurrencies in order to participate in these tokenized equities. Investors just need to register for an account on the INX platform and complete the required verification steps to begin going.
