INX Marketplace Partners With Backed to Advance Tokenized Stock Listings

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As a seasoned researcher and investor with over two decades of experience in the ever-evolving world of finance, I find myself captivated by this latest collaboration between INX and Backed. The tokenization of traditional securities like stocks and ETFs is a game-changer that could potentially redefine the landscape of global finance.

Today, INX, a platform for trading security tokens and tokenized real-world assets that is regulated, and Backed, a leader in tokenizing real-world assets, revealed more tokenized shares will be listed on the INX platform, available for international users who meet eligibility criteria.

INX, Backed announced collaboration on Polygon-based tokenized securities

INX, a leading marketplace where stock trading meets real-world asset tokenization, discloses details about their extended, strategic partnership with innovative regulatory pioneer, Backed, over the long term.

Tokenization of securities is on the verge of its major breakthrough 🚀 #RWA #INX #NASDAQ100 #Tokenization

— INX (@INX_Group) September 19, 2024

After the successful debut of tokenized Nvidia, INX and Backed have decided to broaden their portfolio by adding tokenized versions of Tesla, Microsoft, Google, and GameStop stocks to their listings: bTSLA, bMSFT, bGOOGL, and bGME respectively.

These assets, originated under European securities regulations and digitally represented on the Polygon Proof-of-Stake (PoS) platform, hold a direct equivalent value to the underlying shares they represent. The blockchain record serves as evidence of ownership.

Datika, CEO of INX, emphasizes that the current collaboration aims to demonstrate the transformative capabilities of innovative designs within the tokenization industry.

We’re thrilled to deepen our partnership with Backed, as we integrate these novel tokenized stocks onto our trading platform. This progress represents another milestone in our goal to facilitate the trading of real-world asset tokens. Our vision is to include more tokenized RWA via other strategic collaborations that adhere to regulatory standards.

Furthermore, he emphasized that INX continues to prioritize enhancing the accessibility and operational effectiveness within the tokenized assets sector, pioneering innovations in both business-to-business (B2B) and business-to-consumer (B2C) domains, driving change across the global financial landscape.

First-ever tokenized ETF goes live in two weeks

Adam Levi, co-founder of Backed, outlines potential paths for team collaborations as they navigate the process of tokenized stocks:

Starting with bNVDA, we’re taking things a step further by incorporating Microsoft, Tesla, S&P 500 ETF, among others. This expansion provides investors with an even broader selection of tokenized assets to construct their investment portfolios. We envision this as the future of finance – a world where traditional and digital markets effortlessly intertwine on the blockchain, creating a harmonious blend.

Two weeks from now, INX is set to debut its inaugural tokenized Exchange Traded Funds. These include the S&P 500 ETF tokenized version (bCSPX), as well as tokenized versions of Apple (bAAPL) and BlackRock’s iShares Treasury ETF (bIB01).

Reaching this milestone enables the digitalization of various financial resources, offering more options for international investors who are not based in the U.S., thereby allowing them to trade a wider variety of conventional financial instruments using blockchain technology.

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2024-09-23 18:01