Backed has partnered with eNor Securities to offer tokenized securities to retail investors in LATAM.
Backed is a prominent player in asset tokenization, specializing in representing ownership rights of real-world assets as digital tokens on a blockchain.
The partnership combines Backed’s expertise in tokenizing traditional assets with eNor Securities’ established trading platform, providing a secure investment experience.
Backed’s tokenized real-world assets, referred to as bTokens, represent ownership of financial products on-chain and are backed 1:1 by the underlying asset. These products adhere to EU prospectus regulations, ensuring a higher level of transparency for investors.
Backed recently expanded its portfolio of tokenized stocks to include Microsoft, GameStop, MicroStrategy, Tesla, and Alphabet, reinforcing its mission to merge traditional finance with blockchain technology. These tokenized equities, fully backed by the corresponding stocks, can be used within the DeFi ecosystem, offering investors greater flexibility and control over their assets.
You might also like: Superstate integrates Chainlink for tokenized treasury fund
Tokenized securities
Among the products to be listed on eNor Securities are tokenized versions of Coinbase stock, the S&P 500 ETF, and various corporate and government bond ETFs. This offering allows investors in Latin America to diversify their portfolios with exposure to alternative asset classes, previously out of reach.
eNor Securities, one of the first fully licensed exchanges to offer tokenized securities, views the partnership as an opportunity to democratize access to global assets.
“By listing Backed’s bTokens on eNor Securities, we can provide global investors with assets that were previously inaccessible,” said Bruno Winik, COO of eNor Securities.
The partnership between Backed and eNor Securities marks a critical step in expanding the reach of tokenized securities, offering greater choice and flexibility to investors in the LATAM region.
You might also like: Tokenizing agricultural trades will transform global food chains | Opinion