{"id":462875,"date":"2024-09-25T15:28:10","date_gmt":"2024-09-25T15:28:10","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=859245"},"modified":"2024-09-25T15:28:10","modified_gmt":"2024-09-25T15:28:10","slug":"inx-expands-tokenized-stock-listings-with-backed-partnership","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/25\/inx-expands-tokenized-stock-listings-with-backed-partnership\/","title":{"rendered":"INX Expands Tokenized Stock Listings with Backed Partnership"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2023\/06\/intergrate-partnership-blockchain-gdcb376912_1280.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><b>INX and Backed have expanded their platform to offer tokenized shares of major companies like Microsoft, Tesla, GameStop, and Google.<\/b><\/li>\n<li><b>The tokenized stocks are available for 24\/7 trading and allow investors to use cryptocurrency to fund their accounts.<\/b><\/li>\n<\/ul>\n<hr>\n<p><span>INX Digital Company Inc., a regulated marketplace for trading tokenized real-world assets and security tokens, has <\/span><a href=\"https:\/\/twitter.com\/INX_Group\/status\/1836754707987013859\" target=\"_blank\" rel=\"nofollow noopener\"><span>added <\/span><\/a><span>new tokenized stock listings to its platform. With the help of Backed, a leading asset tokenization company, INX is now expanding its offerings to include tokenized shares of leading corporations to eligible non-US investors.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The next big thing for tokenization of securities is just around the corner \ud83c\udf10<a href=\"https:\/\/twitter.com\/hashtag\/RWA?src=hash&amp;ref_src=twsrc%5Etfw\">#RWA<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/INX?src=hash&amp;ref_src=twsrc%5Etfw\">#INX<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/NASDAQ100?src=hash&amp;ref_src=twsrc%5Etfw\">#NASDAQ100<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Tokenization?src=hash&amp;ref_src=twsrc%5Etfw\">#Tokenization<\/a> <a href=\"https:\/\/t.co\/Ccb43jkYrM\">pic.twitter.com\/Ccb43jkYrM<\/a><\/p>\n<p>\u2014 INX (@INX_Group) <a href=\"https:\/\/twitter.com\/INX_Group\/status\/1836754707987013859?ref_src=twsrc%5Etfw\">September 19, 2024<\/a><\/p>\n<\/blockquote>\n<p><span>After the successful launch of the tokenized Nvidia shares, INX and Backed has expanded their list with tokenized Microsoft (bMSFT), Tesla (bTSLA), GameStop (bGME), and Google (bGOOGL) stocks. These assets are tokenized on the Polygon Proof of Stake (PoS) network, which guarantees that each token is collateralized at a one-to-one ratio by its equivalent stock. This listing is compliant with the EU securities laws and offers protection and clarity for investors.<\/span><\/p>\n<h3><strong>INX Plans Future Expansion with Apple and ETF Tokens<\/strong><\/h3>\n<p><span>According to the announcement, future developments include INX adding tokenized shares of Apple, the S&amp;P 500 ETF, and BlackRock\u2019s iShares Treasury ETF, which will be launched next month. These are some of the key developments that INX is undertaking to enable the masses to gain exposure to traditional financial assets while combining the benefits of traditional and digital markets.<\/span><\/p>\n<p><span>The expansion enables investors from outside the United States to invest in conventional financial instruments when the stock markets are closed. INX also provides 24\/7 trading services to allow investors to trade at their convenience. Also, the platform has given investors the option of self-custody, which allows them to hold the tokenized securities in their wallets. This enhances the control and security for investors as they get to deal with a single management body to fix their portfolios.<\/span><\/p>\n<p><span>Investors can also deposit funds in their accounts through cryptocurrency to enable seamless trading between traditional and digital assets. This opens up more possibilities for investments as the DeFi elements include the use of tokenized stocks as collateral for loans and other use cases.<\/span><\/p>\n<blockquote>\n<p><span>INX\u2019s CEO, Shy Datika, emphasized the importance of this expansion, stating, <\/span><span>\u201cThis partnership with Backed allows us to expand our tokenized stock offerings, bringing more opportunities to our users. We are committed to advancing the accessibility and efficiency of tokenized assets and continuing to grow our marketplace.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span>Backed\u2019s tokenized stocks are fully compliant with an EU prospectus, which makes the company completely transparent. These tokens\u2019 holders have the first rights to the collateral; the collateral is stored safely<\/span><a href=\"https:\/\/www.crypto-news-flash.com\/siebert-and-inx-enter-into-referral-agreement-for-the-introduction-of-on-chain-real-world-asset-rwa-projects\/\" target=\"_blank\" rel=\"nofollow noopener\"><span> by a licensed custodian<\/span><\/a><span> under an account control agreement. This partnership offers more safety and confidence to the potential investors who are eligible for it.<\/span><\/p>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INX and Backed have expanded their platform to offer tokenized shares of major companies like Microsoft, Tesla, GameStop, and Google. The tokenized stocks are available for 24\/7 trading and allow investors to use cryptocurrency to fund their accounts. INX Digital Company Inc., a regulated marketplace for trading tokenized real-world assets and security tokens, has added [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":462876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[172,194,23,836,9370,25],"class_list":{"0":"post-462875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-crypto","9":"tag-cryptocurrency","10":"tag-defi","11":"tag-etf","12":"tag-inx","13":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=462875"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/462875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/462876"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=462875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=462875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=462875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}