The post How Latin Americans Can Now Invest in Tesla and Coinbase with a Click! appeared on BitcoinEthereumNews.com.

Backed’s bTokens include tokenized versions of ETFs and stocks like Coinbase and Tesla, broadening investment horizons. Recently, Backed raised $9.5 million to accelerate its private tokenization services and expand blockchain integration. eNor Securities, a regulated exchange operating out of El Salvador, is set to enhance its offerings by including Backed’s bTokens, for retail investors across Latin America. This initiative follows Backed’s recent moves in the tokenization space, where they’ve introduced ERC-20 compatible tokens for ETFs and high-profile stocks like Coinbase and Tesla. ERC-20 compatible tokens for ETFs utilize Ethereum blockchain technology to digitize shares of Exchange-Traded Funds, enabling them to be traded on blockchain platforms. Each token represents a proportional share in the ETF, mirroring the underlying assets like stocks or bonds.  Transactions with these tokens are recorded securely on the Ethereum blockchain, offering transparency, reduced costs, and increased transaction speed compared to traditional stock exchanges. Tokenization enhances accessibility to global markets, especially for investors in regions with limited access, and increases liquidity through fractional trading.  However, issuers must adhere to stringent regulatory standards, including KYC and AML compliance, ensuring legal and transparent operations.  As we have reported in Crypto News Flash, additionally, these tokens can interact with decentralized finance (DeFi) applications, expanding their utility across innovative financial ecosystems. Source: sumsub Backed, which operates under Swiss regulation, has been at the forefront of integrating traditional financial assets with blockchain technology, offering investors new ways to engage with the financial markets. The partnership with eNor Securities represents an expansion of these services into Latin America, an emerging market with a growing interest in such innovative financial solutions. The collaboration will see eNor Securities hosting a variety of Backed’s bTokens on its platform. This move is not just about broadening investment opportunities; it’s about simplifying access to complex financial products. Typically, these…

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Filed under: News - @ August 21, 2024 3:27 am