INX, a security token and tokenized real-world asset (RWA) marketplace, has teamed up with Backed, an RWA tokenization platform, to list tokenized stocks on the INX platform for eligible non-US users, according to the information shared with Finbold on July 2.
The partnership kicks off with the launch of bNVDA, a tokenized security backed by the NVIDIA (NASDAQ: NVDA) stock issued on the Ethereum (ETH) network.
A new era of investing
The launch marks an important milestone in democratizing access to traditional financial assets, merging them with the 24/7 liquidity and accessibility of digital assets.
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Non-US eligible investors can now trade bNVDA as easily as cryptocurrencies, beyond traditional stock market hours, and fund their accounts with crypto.
In the future, the two partners plan to introduce more assets like exchange-traded funds (ETFs), bonds, and commodities on INX.
Backed’s tokenized public securities, known as bTokens, are permissionless ERC-20 tokens transferable between wallets freely.
Shy Datika, CEO of INX, expressed enthusiasm about partnering up with Backed, stating:
“We are thrilled to have Backed as one of our tokenization and issuance partners, and we’re excited to initiate the listing of their securities in our marketplace. This partnership represents another milestone in our journey to enable the trading of real-world assets tokens. We are committed to advancing the accessibility and efficiency of the tokenized asset market, ushering in a new era of global finance.”
Adam Levi, Backed Co-Founder, added:
“Crypto traders have been seeking a seamless bridge to the traditional market — and tokenized stocks provide exactly that. bNVDA is just the beginning; we envision a future where investors can build diversified portfolios of tokenized real-world assets directly on the blockchain. No need to offramp, and users can self custody their entire portfolio.”
IIntegrating crypto, fiat, and security tokens into a unified platform
INX’s marketplace now features Backed’s bNVDA, integrating crypto, fiat, and security tokens into a unified platform.
Backed’s tokenized assets, including bNVDA, are issued under an EU prospectus, ensuring full transparency.
bNVDA holders have primary claims to the collateral value of the NVIDIA stock, held by a licensed custodian under an account control agreement.
