Key highlights:
INX and Backed are adding Tesla, Microsoft, Google, and Gamestop tokenized stocks on Polygon for non-US investors.
Future listings include the S&P 500 ETF, Apple stock, and BlackRockâs iShares Treasury ETF, broadening investment opportunities.
Tokenized assets provide 24/7 trading, fractional ownership, and the ability to fund accounts with cryptocurrency.
INX expands tokenized stock offerings in collaboration with Backed
INX is a regulated marketplace for digital securities and tokenized real-world assets and they have partnered with Backed to expand its selection of tokenized stocks available for trading on its platform. Following the successful launch of tokenized Nvidia stock, the new listings include tokenized versions of Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME). These assets are created under EU securities laws and issued on the Polygon blockchain, offering one-to-one backing by their corresponding stocks.
INX and Backed aim to bring more traditional financial assets on-chain, providing non-US investors with new opportunities to trade familiar stocks in a digital format. In the coming weeks, INX plans to launch its first tokenized ETF, the S&P 500 ETF (bCSPX), along with tokenized shares of Apple (bAAPL) and BlackRockâs iShares Treasury (bIB01) ETF, marking a significant expansion of available assets.
"We are excited to broaden our collaboration with Backed by adding these new tokenized stocks to our trading platform. 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." âShy Datika, CEO of INX
Bridging traditional and digital finance
This collaboration reflects a broader push to democratize access to traditional financial assets through blockchain technology. Tokenized stocks offer 24/7 trading availability, fractional ownership, and the flexibility to fund accounts with cryptocurrency, providing a unique alternative to standard market hours and traditional trading mechanisms.
âAt 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.â âAdam Levi, Co-Founder of Backed
The bottom line
INX and Backedâs latest expansion highlights the ongoing integration of traditional finance into the digital asset ecosystem, making globally recognized stocks and ETFs accessible on-chain. With new listings and innovative features, the collaboration continues to redefine how investors can engage with traditional assets in the digital age.