INX, in collaboration with Backed, has announced the listing of tokenized stock on the INX platform for eligible non-US users, starting with the introduction of bNVDA. bNVDA is a tokenized security, supported one-to-one by NVIDIA Corp stock, and issued on the Ethereum network, confirming ownership through the blockchain ledger.

Revolutionizing Investment Practices

This unveiling signifies a monumental leap towards democratizing access to traditional financial assets by blending them with the perpetual liquidity and accessibility of digital assets. Eligible non-US investors can now engage in the trade of bNVDA swiftly and effortlessly, akin to cryptocurrency transactions, beyond traditional stock market hours, and even fund their accounts using cryptocurrencies. The introduction of self-custodial securities opens up new avenues for traders. This pioneering step is just the beginning, with plans to introduce more assets such as ETFs, Bonds, and commodities on the INX platform in the near future. Backed's tokenized public securities, known as bTokens, are ERC-20 tokens that empower seamless transfer between wallets without constraints.

Shy Datika, CEO of INX, expressed delight over Backed's collaboration as a tokenization and issuance partner, initiating the listing of their securities on the INX marketplace. This strategic partnership signifies a significant milestone in enhancing the trading of tokenized real-world assets, with a focus on advancing accessibility and efficiency in the tokenized asset market, heralding a new era in global finance.

Adam Levi, Co-Founder of Backed, highlighted the significance of tokenized stocks in bridging the gap between crypto and traditional markets. The launch of bNVDA marks the inception of a future where investors can construct diversified portfolios of tokenized real-world assets directly on the blockchain, eliminating the need for offramping and allowing users to self-custody their investment portfolio.

INX, through its collaboration with Backed, has introduced the first tokenized share to the market, enabling traders to engage in the trading of bNVDA, integrating crypto, fiat, and security tokens into a unified marketplace. Traders stand to benefit from round-the-clock availability for trading bNVDA and fractional share ownership.

Backed's tokenized assets, including bNVDA, are issued under an EU prospectus, providing eligible investors with complete product transparency. Holders of bNVDA have the primary claim to the collateral value, i.e., Nvidia stock, safeguarded by a licensed custodian under an account control agreement. Ownership validation primarily relies on distributed ledgers (blockchains).

With Republic and INX solidifying their partnership and Backed concluding their Series A funding round, the ecosystem for tokenized securities is poised for remarkable growth. Collaborations of this nature pave the way for genuine interoperability and composability within the industry.

Key Features:

• Self-Custody: Directly hold securities in a wallet under exclusive control.
• 24/7 Trading: Trade anytime, anywhere, unrestricted by traditional market hours.
• DeFi Integration: Use tokenized stocks as collateral in loans and other DeFi applications.
• Blockchain Security: Leverage the inherent security and transparency of blockchain technology.
• Global Access: Accessible to non-US qualified investors across various jurisdictions.
• On-chain Transactions: Fund accounts with crypto and invest in tokenized stocks.

Getting Started

To begin trading bNVDA, investors need to register an account on the INX platform and complete the required verification process.

About INX

INX offers regulated trading platforms for digital securities and cryptocurrencies, leveraging traditional market expertise and innovative fintech solutions to address contemporary financial challenges. The experienced team at INX, comprising professionals from business, finance, and technology backgrounds, is dedicated to redefining capital markets through blockchain technology and robust regulatory practices.

About Backed

Backed specializes in bringing real-world assets onto blockchain platforms, issuing permissionless tokens that mirror the value of real-world assets and are fully backed by them. Through tokenization services for institutional clients, Backed bridges the gap between traditional and decentralized finance.

LinkedIn: N/A

X / Twitter: N/A

Website: N/A

Refer to https://www.assets.backed.fi/legal-documentation for updated information and access to legal documentation.