The post INX Expands Tokenized Stock Listings with Backed Partnership appeared on BitcoinEthereumNews.com.

INX and Backed have expanded their platform to offer tokenized shares of major companies like Microsoft, Tesla, GameStop, and Google. The tokenized stocks are available for 24/7 trading and allow investors to use cryptocurrency to fund their accounts. INX Digital Company Inc., a regulated marketplace for trading tokenized real-world assets and security tokens, has added new tokenized stock listings to its platform. With the help of Backed, a leading asset tokenization company, INX is now expanding its offerings to include tokenized shares of leading corporations to eligible non-US investors. The next big thing for tokenization of securities is just around the corner 🌐#RWA #INX #NASDAQ100 #Tokenization pic.twitter.com/Ccb43jkYrM — INX (@INX_Group) September 19, 2024 After the successful launch of the tokenized Nvidia shares, INX and Backed has expanded their list with tokenized Microsoft (bMSFT), Tesla (bTSLA), GameStop (bGME), and Google (bGOOGL) stocks. These assets are tokenized on the Polygon Proof of Stake (PoS) network, which guarantees that each token is collateralized at a one-to-one ratio by its equivalent stock. This listing is compliant with the EU securities laws and offers protection and clarity for investors. INX Plans Future Expansion with Apple and ETF Tokens According to the announcement, future developments include INX adding tokenized shares of Apple, the S&P 500 ETF, and BlackRock’s iShares Treasury ETF, which will be launched next month. These are some of the key developments that INX is undertaking to enable the masses to gain exposure to traditional financial assets while combining the benefits of traditional and digital markets. The expansion enables investors from outside the United States to invest in conventional financial instruments when the stock markets are closed. INX also provides 24/7 trading services to allow investors to trade at their convenience. Also, the platform has given investors the option of self-custody, which allows them…

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Filed under: News - @ September 25, 2024 10:21 pm