Key Insights into INX’s Latest Developments 🚀
INX, known for its marketplace dedicated to security tokens and tokenized real-world assets, is enhancing its services for non-US users through a partnership with Backed, an acclaimed RWA platform. The collaboration signifies a significant step toward the digitalization of financial assets, creating new trading avenues for non-US traders. This year, the emphasis on diversification in trading options is evident as the market continues to evolve.
Tokenized Securities Available on INX 💼
Non-US investors now have the opportunity to engage with tokenized representations of notable stocks such as Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME). These tokenized shares comply with European Union (EU) securities regulations and utilize Polygon’s Proof-of-Stake (PoS) blockchain, with each token backed 1:1 by the corresponding underlying stocks.
In a significant move, INX plans to introduce more offerings in just two weeks. This includes the first tokenized exchange-traded fund (ETF) focused on the S&P 500 (bCSPX), alongside shares of Apple (bAAPL) and BlackRock’s iShares Treasury ETF (bIB01). Investors can trade these assets around the clock, which provides flexibility beyond the typical trading hours of traditional stock markets, and they can also use cryptocurrency to fund their accounts.
Shy Datika, the CEO of INX, expressed excitement regarding this expansion, emphasizing the company’s commitment to facilitating the trading of tokenized real-world assets. He mentioned that this partnership marks a significant progress towards enhancing accessibility and efficiency for tokenized assets, which ultimately enriches the landscape of global finance.
Implications of the INX and Backed Collaboration 🔗
Adam Levi, Co-Founder of Backed, provided insight into the broader implications of this partnership, highlighting the launch of tokenized assets as just the initial phase. With the addition of stocks from giants like Microsoft and Tesla, along with the S&P 500 ETF, investors are now presented with diverse options to structure their investment portfolios. He envisions a future where traditional assets integrate seamlessly with digital marketplaces on the blockchain.
Colin Butler, who oversees Global Institutional Capital at Polygon Labs, reiterated the democratizing potential of public, open-source blockchains. He pointed out that this initiative, powered by Polygon PoS, opens new doors for individuals who previously lacked access to essential investment channels, allowing them to engage in crucial elements of the financial system. With the scalability, affordability, and security provided by Polygon, this advancement ensures inclusivity for investors at all levels.
As INX and Backed expand their offerings in tokenized stocks, the richness of benefits becomes apparent. Investors now have the advantage of fractional ownership, the ability to trade 24/7, and further enhancements in security protocols. All assets are issued in alignment with an EU prospectus and are safeguarded by licensed custodians, thus giving investors decentralization and control over their securities through self-custody. This arrangement allows for the secure holding of assets directly within their personal wallets.
Conclusion: A New Era for Investors 🌟
With the rollout of an increasingly diverse assortment of tokenized assets, INX, in partnership with Backed, sets the stage for a transformative shift in how investors interact with financial markets. This year marks a notable transition where traditional investing meets illustrious blockchain technology, paving the way for new opportunities. As the landscape continues to evolve, being well-acquainted with these advancements can enhance your engagement with financial assets and broaden your investment horizons.
Stay informed about the latest developments in tokenized assets and the broader implications of blockchain technology. Embracing these changes can pave the path toward a more diversified and accessible investment future.
Sources: [Source1](#), [Source2](#)
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