- INX expands its tokenized stock listings, allowing non-US investors to trade 24/7
- These stocks are backed one-to-one by real assets, ensuring transparency and security.
INX Digital Company and Backed have expanded their relationship by releasing additional tokenized stocks, allowing eligible investors (excluding North America) to trade traditional financial assets 24/7. Following the successful launch of tokenized Nvidia, the platform now supports Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME) stocks. Additional offerings, such as Apple (bAAPL) and S&P 500 ETFs, will be added soon.
These tokenized assets are generated in accordance with EU securities rules and established on the Polygon Proof of Stake (PoS) network, with the matching equities serving as one-to-one collateral.
Integrating Traditional and On-Chain Finance
This listing marks a big step toward democratizing finance by combining traditional assets with the accessibility of blockchain. Investors may now access a broader choice of stocks, even after conventional trading hours, due to the ability to fund accounts using cryptocurrency. The inclusion of self-custody allows users to store tokenized assets directly in their wallets, giving them complete control and increasing security.
Shy Datika, CEO of INX, highlighted the significance of this collaboration in improving the accessibility and efficiency of the tokenized asset market, while Adam Levi, Co-Founder of Backed, expressed enthusiasm for increasing their product offerings. Colin Butler, Global Head of Institutional Capital at Polygon Labs, emphasized the initiative’s potential to democratize financial assets and increase participation in global markets.
INX’s platform allows traders to benefit from blockchain security, fractional ownership, and 24/7 availability, resulting in an effortless trading experience for non-US residents. Tokenized assets listed under an EU prospectus provide full transparency and better security to eligible investors.
