INX, a regulated marketplace specializing in the trading of security tokens and tokenized real-world assets, has unveiled an exciting expansion in partnership with Backed, a leader in the tokenization of real-world assets. This new initiative will allow eligible international users to trade an expanded range of tokenized stocks on the INX platform. Following the successful launch of Nvidia share tokens, the platform will soon introduce tokenized versions of Tesla (bTSLA), Microsoft (bMSFT), GameStop (bGME), and Google (bGOOGL) stocks.
INX is set to launch the first-ever tokenized S&P 500 ETF along with additional stocks, including Apple and BlackRock’s iShares Treasury ETF, in just two weeks. This groundbreaking move will broaden the variety of trading assets available, enabling non-U.S. investors to access a wider array of traditional financial products in a digital format.
This expansion is a significant step towards democratizing access to financial assets. Eligible investors will have the ability to trade various traditional securities outside of standard stock market hours and can fund their accounts using cryptocurrency. This flexibility opens up new avenues for traders to optimize their investment strategies.
### New Partnership Strengthens INX Platform, Bridging Traditional and Digital Assets
Shy Datika, CEO of INX, expressed enthusiasm about the partnership, emphasizing the importance of incorporating these new tokenized stocks into the trading platform. He highlighted that this expansion aligns with their mission to enhance the trading of real-world asset tokens.
Adam Levi, Co-Founder of Backed, echoed this sentiment, stating that adding stocks like Microsoft and Tesla allows investors to further diversify their portfolios. He underscored that this development represents the future of finance, where traditional assets seamlessly merge with digital markets on the blockchain.
Colin Butler, Global Head of Institutional Capital at Polygon Labs, remarked, “At the core of public, open-source blockchains is the democratization of financial assets. This innovative initiative, built on Polygon PoS, empowers individuals who previously lacked access to essential investment and savings tools to finally engage in foundational aspects of the global financial system. With Polygon PoS providing a scalable, cost-effective, and secure framework, this expansion guarantees accessibility for everyone, regardless of their financial journey.”
The INX platform has enhanced its offerings with features such as user self-custody, 24/7 trading, and connections to decentralized finance (DeFi) applications, granting investors greater control over their funds. As they innovate within the tokenized asset market, INX and Backed are at the forefront of a new financial era that unites traditional assets with cutting-edge blockchain technology.