Two prominent players in the tokenization of real-world assets, INX and Backed, have today unveiled a new range of tokenized stocks on the INX platform, specifically for qualified non-U.S. customers. INX operates as a regulated marketplace dedicated to trading security tokens and tokenized real-world assets.
Following the successful launch of tokenized Nvidia, INX and Backed are expanding their offerings by introducing tokenized shares of Gamestop (bGME), Microsoft (bMSFT), Google (bGOOGL), and Tesla (bTSLA). Each of these assets is backed on a one-to-one basis by the corresponding underlying equities and complies with EU securities regulations. Ownership is recorded via blockchain technology, with these tokens being created on the Polygon Proof of Stake (PoS) network.
In just two weeks, INX will also roll out the tokenized S&P 500 ETF (bCSPX), along with tokenized versions of Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF. This new development enhances the trading options available to qualified non-U.S. investors, allowing them to engage with a broader selection of traditional financial products on-chain and access a new array of digital financial assets.
By integrating traditional financial assets with the continuous liquidity and accessibility offered by the digital asset market, this initiative marks a significant advance in making these assets more widely available. Qualified investors will have the ability to fund their accounts using cryptocurrencies and trade various traditional assets even outside normal stock market hours.
This expansion represents a crucial step towards democratizing access to conventional financial assets while merging them with the 24/7 accessibility and liquidity characteristic of the digital asset market. Non-U.S. qualified investors will have the opportunity to trade a variety of traditional assets beyond regular market hours and can fund their accounts with cryptocurrencies. Self-custodied securities offer traders new opportunities while enhancing the efficiency and adaptability of their portfolios. As part of our mission to bridge conventional finance and on-chain finance, we continually strive to expand the range of real-world assets (RWAs) available for on-chain trading.
Shy Datika, CEO of INX, remarked:
Adam Levi, Co-Founder of Backed, added:
Colin Butler, Global Head of Institutional Capital at Polygon Labs, noted:
Through this collaboration, tokenized shares will become an additional asset type within the existing tokenized asset market offered by INX. These new listings will enable traders to access fractional ownership, around-the-clock trading, and the security provided by blockchain technology.
All newly listed assets, including those from Backed, are issued under an EU prospectus, ensuring complete transparency for qualified investors. The collateral value is securely held by a certified custodian, in accordance with an account control agreement, thereby safeguarding the rights of holders of these bTokens. Ownership is clearly delineated by the distributed ledger, or blockchain, which guarantees unparalleled security and transparency.
A key feature of this offering is self-custody, which allows investors to maintain full control of their assets while holding securities directly in their wallets. The platform supports round-the-clock trading, giving users greater flexibility and enabling transactions beyond standard market hours. Investors can leverage their tokenized equities as collateral for loans or engage in other DeFi applications through integration with Decentralized Finance (DeFi).
The application of blockchain technology ensures enhanced transparency and security. Additionally, this product is accessible through the INX platform to authorized users and non-U.S. citizens, facilitating on-chain transactions and enabling account funding with cryptocurrencies to participate in these tokenized equities. Interested investors simply need to register for an account on the INX platform and complete the necessary verification steps to get started.
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