TORONTO and ZUG, Switzerland, Sept. 23, 2024 /CNW/ – The INX Digital Firm, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (the “Firm” or “INX”), the regulated market for buying and selling safety tokens and tokenized real-world belongings, and Backed, a pioneer in real-world asset tokenization, right this moment introduced the itemizing of further tokenized shares on the INX platform for eligible customers (excluding North American customers). Following the profitable launch of tokenized Nvidia, INX and Backed at the moment are increasing their choices with the itemizing of tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and Gamestop (bGME) shares. Apple (bAAPL), in addition to tokenized S&P 500 (bCSPX) and Blackrock’s iShares Treasury (bIB01) ETFs will comply with and checklist shortly after within the coming month. These belongings, created beneath EU securities legal guidelines, and tokenized on the Polygon Proof of Stake (PoS) community, are backed one-to-one by their corresponding underlying shares, with the blockchain ledger conveying possession.
The Way forward for Investing
This enlargement marks one other important milestone in democratizing entry to conventional monetary belongings and merging them with the 24/7 liquidity and accessibility of the digital asset area. Non-U.S. eligible traders could have the flexibility to achieve publicity to quite a lot of conventional securities, outdoors of normal inventory market hours, with the choice to fund their accounts with cryptocurrency. Self-custodied securities proceed to open new potentialities for merchants, enhancing the flexibleness and effectivity of their portfolios. As a part of our mission to bridge conventional and on-chain finance, INX is frequently working to increase the vary of real-world belongings (RWAs) obtainable for on-chain buying and selling.
“We’re excited to broaden our collaboration with Backed by including these new tokenized shares to our buying and selling platform,” mentioned Shy Datika, CEO of INX. “This enlargement is one other step ahead in our mission to allow the buying and selling of real-world asset tokens. We purpose to checklist further tokenized RWAs via different strategic partnerships. We stay dedicated to advancing the accessibility and effectivity of the tokenized asset market, increasing the boundaries of world finance.”
Adam Levi, Co-Founding father of Backed, added, “The launch of bNVDA was just the start. By including Microsoft, Tesla, S&P 500 ETF and others, we’re providing traders a good wider vary of tokenized belongings to construct their portfolios. We consider that is the way forward for finance, the place conventional belongings and digital markets converge seamlessly on the blockchain.”
Colin Butler, World Head of Institutional Capital at Polygon Labs, added, “On the core of public, open-source blockchains is the democratization of monetary belongings. This groundbreaking initiative, constructed on Polygon PoS, permits people who beforehand lacked entry to fundamental funding and financial savings automobiles to lastly take part in foundational elements of the worldwide monetary system. With Polygon PoS as a scalable, low-cost, and safe basis, this enlargement ensures accessibility for everybody, irrespective of the place they’re on their monetary journey.”
INX offers a market for tokenized belongings, and this partnership with Backed brings further belongings within the type of tokenized shares to this market. These new listings enable merchants to learn from 24/7 availability, fractional possession, and the safety of blockchain expertise.
Backed’s tokenized belongings, together with these new listings, are issued beneath an EU prospectus, providing eligible traders full transparency. Holders of those bTokens have main claims to the collateral worth, which is held with a licensed custodian beneath an account management settlement. The distributed ledger (blockchain) defines possession, offering unparalleled safety and transparency.
The important thing options of this providing embrace self-custody, permitting traders to carry securities immediately in their very own wallets, sustaining full management over their belongings. The platform presents 24/7 buying and selling, enabling transactions past conventional market hours and offering higher flexibility. Integration with decentralized finance (DeFi) permits traders to make use of their tokenized shares as collateral for loans or different DeFi purposes. Using blockchain expertise ensures enhanced safety and transparency. Moreover, this providing is on the market to non-US residents and permitted clients on the INX platform, with the comfort of on-chain transactions, the place accounts could be funded with cryptocurrency to put money into these tokenized shares. To get began, traders merely have to create an account on the INX platform and full the required verification course of.
About INX
INX offers regulated buying and selling platforms for digital securities and cryptocurrencies. Combining conventional markets experience with a disruptive fintech method, INX presents state-of-the-art options to fashionable monetary challenges. The corporate is led by a devoted group of enterprise, finance, and expertise veterans with a shared imaginative and prescient of redefining capital markets via blockchain expertise and a disciplined regulatory method.
LinkedIn: https://www.linkedin.com/firm/theinxdigitalcompany/
X/Twitter: https://x.com/INX_Group
Web site: https://www.inx.co/
About Backed
Backed brings real-world belongings on-chain, issuing permissionless tokens that observe the worth of absolutely collateralized real-world belongings, akin to shares or ETFs. Tokens are issued beneath an permitted EU prospectus, bridging the hole between TradFi and DeFi for institutional purchasers.
LinkedIn: https://www.linkedin.com/firm/backed-finance/
X / Twitter: https://twitter.com/backedfi
Web site: https://backed.fi/
This expanded collaboration between INX and Backed solidifies their dedication to bringing conventional monetary belongings into the digital realm, providing revolutionary funding alternatives to a world viewers.
About The INX Digital Firm, Inc.: The INX Digital Firm, Inc. is the holding firm for INX Group, which operates regulated buying and selling platforms for digital securities and cryptocurrencies. INX Group’s mission is to carry communities collectively and empower them with monetary innovation. With a imaginative and prescient to be the popular international regulated hub for digital belongings, INX raised US$84 million via the primary SEC-registered preliminary public providing of a safety token with the IPO of the INX Token. INX operates in a regulated surroundings beneath the oversight of the SEC, FINRA, FinCen, and U.S. state licensing authorities. For extra info, go to the INX Group web site right here.
Cautionary Word Concerning Ahead-Wanting Info and Different Disclosures
This press launch comprises statements that represent “forward-looking info” (“forward-looking info“) inside the which means of relevant Canadian securities laws. All statements, aside from statements of historic truth, are forward-looking info and are primarily based on expectations, estimates, and projections as of the date of this information launch. Ahead-looking info contains predictions, expectations, beliefs, plans, projections, targets, assumptions, future occasions, or efficiency and infrequently makes use of phrases akin to “expects”, “anticipates”, “plans”, “believes”, or variations of such phrases and phrases.
INX has made sure assumptions in disclosing the forward-looking info contained on this press launch, together with the continual improvement of the INX buying and selling platform, itemizing further tokenized RWAs via different strategic partnerships, and the completion of described transactions. Whereas INX believes the expectations mirrored in such forward-looking info are affordable, no assurance could be provided that these expectations will show right. Recognized and unknown dangers, uncertainties, and different components could trigger precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking info. Components embrace regulatory developments, market situations for digital securities and cryptocurrencies, and normal financial situations. Readers shouldn’t place undue reliance on the forward-looking info contained on this press launch. Besides as required by regulation, INX disclaims any intention and assumes no obligation to replace or revise forward-looking info to mirror precise outcomes or new info.
Cboe Canada is just not chargeable for the adequacy or accuracy of this press launch.
This information launch doesn’t represent a proposal to promote or solicit a proposal to purchase any securities in the USA. The securities haven’t been and won’t be registered beneath the U.S. Securities Act or any state securities legal guidelines and might not be provided or bought inside the USA or to U.S. Individuals except registered beneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is on the market.
SOURCE The INX Digital Firm, Inc.
Featured Picture: depositphotos @ grejak
