INX, a security token and tokenized real-world assets (RWA) marketplace, has expanded its offerings for eligible non-US users by teaming up with Backed, a namereal RWA platform, as reported to Finbold on Monday, September 23.
The expansion reflects the growing trend of financial assets digitization and offers more diverse trading opportunities for non-US investors.
Tokenized stocks on INX
Eligible non-US investors can now trade tokenized versions of Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME) shares.
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These shares were created under European Union (EU) securities laws, tokenized on Polygon’s Proof-of-Stake (PoS) blockchain, and backed 1:1 by their underlying stocks.
In just two weeks’ time, INX is set to further expand its offerings with the first tokenized exchange-traded fund (ETF), the S&P 500 ETF (bCSPX), alongside tokenized Apple (bAAPL) shares and BlackRock’s iShares Treasury ETF (bIB01).
Investors can now trade a wide range of securities 24/7, bypass the usual stock market hours, and fund their accounts using cryptocurrency.
INX CEO Shy Datika commented on the expansion, stating:
The broader implications of the INX-Backed partnership
Backed’s Co-Founder, Adam Levi, emphasized the broader implications of the partnership, noting:
With new tokenized stocks and expanding oferrings, INX and Backed now offer a range of benefits for investors.
Some of them include fractional ownership, 24/7 trading, and enhanced security.
The assets are issued under an EU prospectus and are backed by licensed custodians.
Consequently, investors maintain control of their securities through self-custody, allowing them to hold assets directly in their own wallets.
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INX與Backed擴展非美國投資者的代幣化股票選擇