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INX Digital Company, in partnership with Backed, has announced the listing of additional tokenized stocks, including Microsoft, Tesla, Gamestop, and Google.
Key Notes
This initiative aims to democratize access to traditional financial assets by integrating them with the 24/7 liquidity of digital assets.It also allows non-US investors to trade outside standard market hours and fund accounts with cryptocurrency.The tokenized stocks, backed one-to-one by the underlying shares and compliant with EU securities laws, offer features like self-custody.INX Digital Company Inc, a regulated marketplace for trading tokenized real-world assets and security tokens, announced the listing of additional tokenized stocks on its platform. For this initiative, INX has partnered with real-world asset tokenization pioneer Backed.
After the successful launch of tokenized Nvidia, the two players are now offering the listing of tokenized Microsoft (bMSFT), Tesla (bTSLA), Gamestop (bGME), and Google (bGOOGL) stocks. In the following month, Apple (bAAPL), along with tokenized S&P 500 (bCSPX) and BlackRock’s iShares Treasury (bIB01) ETFs, will join the list.
INX and Backed have tokenized these trading stocks on the Polygon Proof of Stake (PoS) network, backed one-to-one by the corresponding underlying stocks. Furthermore, this tokenized stock trading also happens as per the EU securities laws.
This expansion presents a major step in democratizing access to traditional financial assets by integrating them with the 24/7 liquidity and accessibility of digital assets. Furthermore, non-US eligible investors can gain exposure to different traditional securities outside standard stock market hours, with the option to fund their accounts using cryptocurrency.
Also, self-custody securities provide traders with increased flexibility and portfolio efficiency. As part of its mission to bridge traditional and on-chain finance, INX continues to broaden the range of real-world assets (RWAs) available for on-chain trading. Speaking on the development, Shy Datika, CEO of INX said:
“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 RWAs through other strategic partnerships. We remain committed to advancing the accessibility and efficiency of the tokenized asset market, expanding the boundaries of global finance.”
INX and Tokenized Assets Market
As said, INX provides a marketplace for tokenized assets and its partnership with Backed allows it to bring tokenized shares to the platform. These new listings also provide traders the benefit of 24×7 availability, fractional ownership, as well as the security of blockchain technology.
Issued under an EU prospectus, Backed’s tokenized assets ensure full transparency for eligible investors. Moreover, holders of the bTokens can have direct claims to the collateral value, held securely with a licensed custodian under an account control agreement.
Key features of this offering include self-custody, allowing investors to directly hold securities in their wallets, retaining full control. The platform enables 24/7 trading for transactions beyond traditional market hours, offering greater flexibility. Additionally, integration with decentralized finance (DeFi) allows investors to use tokenized stocks as collateral for loans and other DeFi applications.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
