INX and Backed have expanded their tokenized stock offerings on the Polygon network, adding major companies like Tesla, Microsoft, and more for eligible non-US investors.
INX, a regulated platform for trading security tokens and tokenized real-world assets, has partnered with Backed, a leader in asset tokenization, to introduce additional tokenized stocks for eligible non-US investors. Following the successful launch of tokenized Nvidia (bNVDA), INX and Backed are now offering tokenized shares of Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME). These assets, created under EU securities laws, are tokenized on the Polygon Proof of Stake (PoS) network and are backed one-to-one by the corresponding stocks, with ownership recorded on the blockchain.
In the next two weeks, INX plans to launch its first tokenized ETF, the S&P 500 ETF (bCSPX), as well as tokenized shares of Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF. This expansion will enable non-US investors to trade a wider range of traditional financial products on-chain, offering more opportunities for diversification.
This expansion is a significant step in providing broader access to traditional financial assets in a digital format. Eligible investors will be able to trade these tokenized assets around the clock, outside standard stock market hours, and fund their accounts with cryptocurrency. By integrating traditional assets with the flexibility of digital markets, INX and Backed are helping to bridge the gap between traditional finance and blockchain technology.
Self-custodied securities offer investors greater control over their portfolios, enhancing flexibility and efficiency. As INX continues to grow its offering of tokenized real-world assets (RWAs), it is dedicated to improving the accessibility and efficiency of the tokenized asset market.
“We are excited to broaden our collaboration with Backed by adding these new tokenized stocks to our trading platform ,” said Shy Datika, CEO of INX. “This expansion is another step forward in our mission to enable the trading of real-world asset tokens. We aim to list additional tokenized RWA through other strategic partnerships regulations. We remain committed to advancing the accessibility and efficiency of the tokenized asset market, pushing the boundaries of global finance.”
Adam Levi, Co-Founder of Backed, added, “The launch of bNVDA was just the beginning. By adding Microsoft, Tesla, S&P 500 ETF and others,we are offering investors an even wider range of tokenized assets to build their portfolios. We believe this is the future of finance, where traditional assets and digital markets converge seamlessly on the blockchain.”
Colin Butler, Global Head of Institutional Capital at Polygon Labs, added, “At the core of public, open-source blockchains is the democratization of financial assets. This groundbreaking initiative, built on Polygon PoS, enables individuals who previously lacked access to basic investment and savings vehicles to finally participate in foundational aspects of the global financial systemWith Polygon PoS as a scalable, low-cost, and secure foundation, this expansion ensures accessibility for everyone, no matter where they are on their financial journey.”
INX and Backed’s tokenized assets come with several advantages, including 24/7 availability, fractional ownership, and enhanced security through blockchain technology. These assets are issued under an EU prospectus, offering full transparency to eligible investors. Each token is backed one-to-one by the underlying stock, with the collateral value held by a licensed custodian under an account control agreement. Ownership is tracked on the blockchain, providing unparalleled security and transparency.
Self-custody allows investors to hold tokenized stocks directly in their own wallets, giving them full control over their assets. The platform’s 24/7 trading capability allows transactions outside of traditional market hours, offering more flexibility. Integration with decentralized finance (DeFi) applications further enhances the utility of tokenized stocks, enabling their use as collateral for loans or other financial services.
This tokenized stock offering is available to non-US residents and approved customers on the INX platform. Investors can fund their accounts with cryptocurrency and begin trading these assets by creating an account and completing the verification process.
About INX
INX provides regulated platforms for trading digital securities and cryptocurrencies. With a team of industry veterans, INX merges traditional financial markets with disruptive blockchain technology to address modern financial challenges while adhering to regulatory standards.
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About Backed
Backed brings real-world assets on-chain, offering permissionless tokens that represent fully collateralized real-world assets like stocks and ETFs. Issued under an EU-approved prospectus, Backed bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi) for institutional clients.
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