INX and Backed Partner to List Tokenized Stocks on INX Platform
INX, a security token and tokenized real-world asset (RWA) marketplace, has collaborated with Backed, a platform for tokenization, to list tokenized stocks on the INX platform for eligible non-US users. This partnership signifies a significant step in bringing traditional financial assets to a wider audience and merging them with the liquidity and accessibility of digital assets.
The Launch of bNVDA Tokenized Security
- INX and Backed have introduced bNVDA, a tokenized security backed by NVIDIA stock issued on the Ethereum network.
A New Era of Investing
The partnership between INX and Backed opens up new possibilities for non-US eligible investors to trade tokenized securities like bNVDA as easily as cryptocurrencies, beyond traditional stock market hours. Investors can also fund their accounts with crypto, offering a seamless experience across different asset classes.
- The future plans include introducing more assets like ETFs, bonds, and commodities on the INX platform.
- Backed’s tokenized public securities, known as bTokens, are ERC-20 tokens transferable between wallets without restrictions.
“We are thrilled to have Backed as one of our tokenization and issuance partners, and we’re excited to initiate the listing of their securities in our marketplace. This partnership represents another milestone in our journey to enable the trading of real-world assets tokens. We are committed to advancing the accessibility and efficiency of the tokenized asset market, ushering in a new era of global finance.” – Shy Datika, CEO of INX
“Crypto traders have been seeking a seamless bridge to the traditional market — and tokenized stocks provide exactly that. bNVDA is just the beginning; we envision a future where investors can build diversified portfolios of tokenized real-world assets directly on the blockchain. No need to offramp, and users can self custody their entire portfolio.” – Adam Levi, Backed Co-Founder
Integrating Crypto, Fiat, and Security Tokens into a Unified Platform
INX’s marketplace now features Backed’s bNVDA, providing an integrated platform for crypto, fiat, and security tokens. The tokenized assets, including bNVDA, are issued under an EU prospectus for full transparency and credibility.
- bNVDA holders have primary claims to the collateral value of the NVIDIA stock, held by a licensed custodian under an account control agreement.
Hot Take: Embracing the Future of Tokenized Assets
Partnering with Backed, INX has paved the way for a new era of investing where tokenized stocks and securities can be traded seamlessly, merging traditional financial markets with the world of digital assets. This collaboration not only expands accessibility but also brings transparency and efficiency to the tokenized asset market. The integration of crypto, fiat, and security tokens on the INX platform marks a significant step towards revolutionizing global finance.
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