Backed, a real-world asset (RWA) tokenization platform, has introduced five new tokenized equities to expand investment opportunities for eligible non-US investors, as per the latest updates disclosed to Finbold on July 16.
The five new offerings include bMSFT (Microsoft), bGME (GameStop), bMSTR (MicroStrategy), bTSLA (Tesla), and bGOOGL (Alphabet Class A, Google), each backed one-to-one by shares of these major companies.
More investment venues for non-US investors
The new tokenized equities enable investors to gain exposure to S&P 500 companies while ensuring their assets remain on-chain and self-custodied.
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This launch follows Backed’s earlier products like bCSPX (Core S&P 500), bCOIN (Coinbase Global), and bNVDA (NVIDIA), continuing its mission to blend the traditional stock market with blockchain technology.
Backed’s initiative is expected to revolutionize access to financial markets, giving accredited investors access to more top-tier stocks and 24/7 trading capabilities made possible by the blockchain infrastructure.
As such, the approach not only simplifies the trading process but also eliminates the need to convert digital assets into fiat currency.
Bernardo Quintao, Head of Business Development at Backed, commented on the team’s commitment to making some of the best-performing stocks accessible to a wider audience, stating:
“We are thrilled to expand our range of tokenized equities, making top-tier stocks accessible to a wider audience of investors. Our latest additions, including bMSFT, bGME, bMSTR, bTSLA, and bGOOGL, represent our commitment to bridging traditional finance with the innovative world of blockchain. This is a major step towards democratizing financial markets and empowering investors with greater flexibility and control over their assets.”
In addition to equities, Backed offers tokenized corporate and government bonds, including T-bills.
Wrap-up
The introduction of the five new tokenized equities allows users to build a diversified on-chain portfolio, with blockchain ledgers ensuring legal ownership, composability, and self-custody.
Designed for decentralized finance (DeFi) applications, Backed’s tokenized equities can serve as collateral for loans and be integrated into money markets and stablecoins.
By merging the reliability of traditional finance with the transformative potential of blockchain, Backed is paving the way for a new era of interconnected finance.
