As a seasoned researcher with a keen interest in the intersection of traditional finance and blockchain technology, I find this partnership between INX and Backed absolutely intriguing. Having closely followed the developments in the digital asset space, I’ve witnessed firsthand how these platforms are revolutionizing investment opportunities.
Through a partnership with Backed, INX is set to launch the offering of tokenized stock listings. These include well-known companies like Apple (AAPL), Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME).
INX, a digital trading platform specializing in regulated platforms for both digital securities and cryptocurrencies, has formed a partnership with Backed, a trailblazer in real-world asset tokenization. This collaboration aims to introduce more tokenized versions of popular stocks such as Gamestop, Google, Apple, Tesla, and many others onto the platform. This recent development builds upon the addition of NVIDIA stocks to INX’s offering, providing investors with an opportunity to invest in these shares.
In simpler terms, these digital assets (tokenized versions) comply with European securities regulations and are stored within the Polygon Proof-of-Stake (PoS) blockchain system. Each token represents a real stock share, and the blockchain keeps track of who owns them.
As an analyst, I’m thrilled to share that our recent updates significantly broaden the investment opportunities available on this platform. We’ve expanded our offerings, now providing more tokenized assets for you to explore and potentially invest in, thereby strengthening our network.
Speaking on the latest launch Adam Levi, Co-Founder of Backed, stated:
The debut of bNVDA marked only the first step. Expanding our platform to include Microsoft, Tesla, S&P 500 ETF, among others, we’re now providing investors with an expanded selection of tokenized assets to diversify their portfolios. We envision this as the future of finance, where conventional assets and digital markets merge effortlessly on the blockchain.
Enhancing our partnership with Backed, Shy Datika, CEO of INX, commended the recent updates. These new tokenized assets, according to him, will accelerate the company’s acceptance and propel both entities to greater heights.
In this development, Ditika noted that it is another stride in our journey to facilitate the trading of tokens representing real-world assets. Our goal is to list more tokenized Real World Assets (RWA) via strategic partnerships and regulatory agreements. We are dedicated to enhancing the accessibility and streamlining the operations within the tokenized asset market, continually pushing the frontiers of global finance.
Backed brings real-world assets on-chain, issuing permissionless tokens that track the value of fully collateralized real-world assets, such as stocks or ETFs. Tokens are issued under an approved EU prospectus, bridging the gap between TradFi and DeFi for institutional clients.
INX launches new tokenized ETFs
In addition to the recently introduced tokenized stocks, INX has unveiled plans to debut a pioneering tokenized Exchange Traded Fund (ETF) – the S&P 500 ETF (bCSPX) – as well as tokenized versions of Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF. This move is intended to provide investors with a wider trading market and introduce a fresh wave of digitalized financial assets. This expansion will offer non-US eligible investors the opportunity to trade a more extensive variety of traditional financial products directly on the blockchain.
Furthermore, extending investment opportunities to Exchange-Traded Funds (ETFs) represents a substantial advancement, empowering investors to invest not only in traditional financial assets but also digitized ones. This blend also brings the continuous trading flexibility and convenience offered by the digital asset market to traditional financial assets.
Investors residing outside the U.S. can engage in continuous trading of conventional financial instruments, extending the market operation beyond the typical Monday-to-Friday schedule. This 24/7 trading provides these investors with uninterrupted liquidity and increased access to the digital asset market. Qualified investors will also have the unique opportunity to trade traditional securities outside normal stock exchange hours and deposit cryptocurrency into their accounts for transactions.
At the heart of public, open-source blockchains lies the democratization of financial assets, an innovative move that gives people who were previously excluded from basic investment and savings opportunities a chance to engage in essential financial system structures. As stated by Colin Butler, Global Head of Institutional Capital at Polygon Labs, this development, constructed on Polygon PoS, offers scalability, affordability, and security, ensuring access for all, regardless of their financial status or location.
This development signifies another major leap in making it easier for people to invest in conventional financial assets through digital platforms, available around the clock. Now, non-US investors can trade various traditional securities beyond normal stock exchange hours, even using cryptocurrency to fund their accounts. Self-managed investments broaden trading opportunities and improve the versatility and performance of investment portfolios. As part of our goal to connect traditional finance with blockchain technology, we are consistently striving to increase the variety of real-world assets that can be traded on digital platforms.
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2024-09-24 13:30