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 extra tokenized shares on the INX platform for eligible customers (excluding North American customers). Following the profitable launch of tokenized Nvidia, INX and Backed are actually 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 observe and record 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 vital milestone in democratizing entry to conventional monetary belongings and merging them with the 24/7 liquidity and accessibility of the digital asset house. Non-U.S. eligible buyers may have the flexibility to achieve publicity to a wide range of conventional securities, outdoors of ordinary inventory market hours, with the choice to fund their accounts with cryptocurrency. Self-custodied securities proceed to open new prospects 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 regularly 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 intention to record extra tokenized RWAs by way of 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 only the start. By including Microsoft, Tesla, S&P 500 ETF and others, we’re providing buyers an excellent 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 economic belongings. This groundbreaking initiative, constructed on Polygon PoS, allows people who beforehand lacked entry to primary funding and financial savings automobiles to lastly take part in foundational points of the worldwide monetary system. With Polygon PoS as a scalable, low-cost, and safe basis, this enlargement ensures accessibility for everybody, regardless of the place they’re on their monetary journey.”
INX supplies a market for tokenized belongings, and this partnership with Backed brings extra 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 know-how.
Backed’s tokenized belongings, together with these new listings, are issued beneath an EU prospectus, providing eligible buyers 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 buyers to carry securities straight in their very own wallets, sustaining full management over their belongings. The platform affords 24/7 buying and selling, enabling transactions past conventional market hours and offering larger flexibility. Integration with decentralized finance (DeFi) permits buyers to make use of their tokenized shares as collateral for loans or different DeFi functions. The usage of blockchain know-how ensures enhanced safety and transparency. Moreover, this providing is out there to non-US residents and accepted clients on the INX platform, with the comfort of on-chain transactions, the place accounts might be funded with cryptocurrency to spend money on these tokenized shares. To get began, buyers merely have to create an account on the INX platform and full the mandatory verification course of.
About INX
INX supplies regulated buying and selling platforms for digital securities and cryptocurrencies. Combining conventional markets experience with a disruptive fintech method, INX affords state-of-the-art options to fashionable monetary challenges. The corporate is led by a devoted staff of enterprise, finance, and know-how veterans with a shared imaginative and prescient of redefining capital markets by way of blockchain know-how 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 totally collateralized real-world belongings, resembling shares or ETFs. Tokens are issued beneath an accepted EU prospectus, bridging the hole between TradFi and DeFi for institutional shoppers.
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 modern 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 by way of the primary SEC-registered preliminary public providing of a safety token with the IPO of the INX Token. INX operates in a regulated setting beneath the oversight of the SEC, FINRA, FinCen, and U.S. state licensing authorities. For extra data, go to the INX Group web site right here.
Cautionary Word Concerning Ahead-Trying Data and Different Disclosures
This press launch incorporates statements that represent “forward-looking data” (“forward-looking data“) inside the which means of relevant Canadian securities laws. All statements, aside from statements of historic truth, are forward-looking data and are primarily based on expectations, estimates, and projections as of the date of this information launch. Ahead-looking data consists of predictions, expectations, beliefs, plans, projections, goals, assumptions, future occasions, or efficiency and infrequently makes use of phrases resembling “expects”, “anticipates”, “plans”, “believes”, or variations of such phrases and phrases.
INX has made sure assumptions in disclosing the forward-looking data contained on this press launch, together with the continual improvement of the INX buying and selling platform, itemizing extra tokenized RWAs by way of different strategic partnerships, and the completion of described transactions. Whereas INX believes the expectations mirrored in such forward-looking data are cheap, no assurance might be provided that these expectations will show right. Identified and unknown dangers, uncertainties, and different components might trigger precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking data. Components embrace regulatory developments, market situations for digital securities and cryptocurrencies, and common financial situations. Readers shouldn’t place undue reliance on the forward-looking data contained on this press launch. Besides as required by regulation, INX disclaims any intention and assumes no obligation to replace or revise forward-looking data to replicate precise outcomes or new data.
Cboe Canada just isn’t accountable for the adequacy or accuracy of this press launch.
This information launch doesn’t represent a suggestion to promote or solicit a suggestion 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 will not be supplied or offered inside the USA or to U.S. Individuals until registered beneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is out there.
SOURCE The INX Digital Firm, Inc.
Featured Picture: depositphotos @ grejak
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