INX will soon launch its first-ever tokenized ETF, the S&P 500 ETF (bCSPX). In collaboration with Backed, a leader in asset tokenization, INX, a regulated platform for trading security tokens and tokenized real-world assets, announced the expansion of their tokenized stock listings. This new phase introduces tokenized stocks of major companies such as Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME) for eligible non-US investors.
Compliant with EU securities laws, these stocks are tokenized on the Polygon Proof of Stake (PoS) network and are backed one-to-one by the actual stocks, with blockchain technology affirming ownership.
“We are excited to broaden our collaboration with Backed by adding these new tokenized stocks to our trading platform,” said Shy Datika, CEO of INX. “This expansion is another step forward in our mission to enable the trading of real-world asset tokens. We aim to list additional tokenized RWA through other strategic partnerships regulations. We remain committed to advancing the accessibility and efficiency of the tokenized asset market, pushing the boundaries of global finance.”
This initiative will be accompanied by the introduction of tokenized versions of Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF. This approach digitizes a broader range of financial assets. It opens up new opportunities for non-US investors to engage with traditional financial markets in a modernized, digital format.
Colin Butler, Global Head of Institutional Capital at Polygon Labs, added, “At the core of public, open-source blockchains is the democratization of financial assets. This groundbreaking initiative, built on Polygon PoS, enables individuals who previously lacked access to basic investment and savings vehicles to finally participate in foundational aspects of the global financial system. With Polygon PoS as a scalable, low-cost, and secure foundation, this expansion ensures accessibility for everyone, no matter where they are on their financial journey.”
Eligible investors will benefit from the ability to trade various traditional securities outside of standard stock market hours and can even fund their accounts using cryptocurrency. This model of self-custodied securities enhances the flexibility and efficiency of investor portfolios, pushing forward the integration of traditional and on-chain finance.
Adam Levi, Co-Founder of Backed, added, “The launch of bNVDA was just the beginning. By adding Microsoft, Tesla, S&P 500 ETF and others,we are offering investors an even wider range of tokenized assets to build their portfolios. We believe this is the future of finance, where traditional assets and digital markets converge seamlessly on the blockchain.”
Backed’s tokenized assets, including the new listings, are issued under an EU prospectus, providing eligible investors with complete transparency. Holders of these bTokens have primary claims to the collateral value, held with a licensed custodian under an account control agreement.
This offering allows investors to hold securities directly in their own wallets, offering 24/7 trading and integration with decentralized finance (DeFi). Non-US residents and approved customers on the INX platform can fund their accounts with cryptocurrency to invest in tokenized stocks.