Recently, tokenized stock leader Backed Finance has completed full integration with Chainlink’s tokenized infrastructure and continues to expand its territory. Digital securities trading platform INX announced on Monday the listing of Backed tokenized stock bTokens, including Tesla ($bTSLA), Microsoft ($bMSFT), Google ($bGOOGL) and Gamestop ($bGME).

Previously, Backed has listed tokenized Grayda shares ($bNVDA) on INX, and is expected to list tokenized Apple ($bAAPL), S&P 500 Index ($bCSPX), and iShares based on BlackRock next month Reserved U.S. Bond Fund ($bIB01) and other tokenized products that comply with EU securities laws to provide users with more diverse digital assets.

Backed tokenization product expands to Polygon

It is worth noting that the bTokens listed on INX are all tokenized through the Polygon main network, instead of the Gnosis and Ethereum used by Backed. This move not only highlights INX’s trust in the Polygon network, but also is expected to enhance Polygon’s RWA Track occupancy.

INX - Collaborated with Backed & PolygonImage source: X/@INX_Group INX announces the launch of new Backed tokenized products

What are the benefits of the partnership between INX and Backed?

INX's cooperation with Backed Finance will open the door to the traditional stock market 24/7, allowing users who have passed KYC to simply purchase stock assets through the INX trading platform during the stock market closing period, further strengthening investors' funds. Flexibility and utilization efficiency.

INX CEO Shy Datika said:

“With the addition of these tokenized shares, we have expanded our collaboration with Backed, which reflects our important mission to drive RWA adoption. We will continue to work on increasing the accessibility of tokenized assets to bring It expands to a global scale.”

Adam Levi, co-founder of Backed Finance, added: “The listing of tokenized Huida stocks is just the beginning. With the addition of Microsoft, Tesla, S&P 500 ETFs and other products, we provide users with more diversity. investment options, allowing them to build a richer investment portfolio.”

Partnering with INX to accelerate tokenization adoption

Backed tokenized assets bTokens are issued based on the regulations of EU securities laws and create off-chain asset certificates through Chainlink PoR, providing complete transparency for qualified investment assets (for details, please see the complete Backed Finance of "Crypto City" reports).

In summary, the biggest benefit of Backed is the introduction of a 24/7 trading model for traditional finance and the self-custody mechanism of stock products in blockchain accounts, thereby achieving a seamless connection between TradFi and DeFi. After Backed puts its products on the INX platform, both traditional and Web3 investors will be able to enjoy a more convenient and transparent stock asset trading experience. This integration is expected to accelerate the large-scale adoption of tokenization technology around the world.