INX taps Backed to launch tokenized Tesla, Google, and Microsoft stocks on Polygon
Key Takeaways
- INX and Backed are adding tokenized Tesla, Microsoft, Google, and GameStop stocks to their platform.
- INX will launch its first tokenized ETF, the S&P 500 ETF, along with tokenized Apple stock in two weeks.
Share this article
INX and Backed are expanding their tokenized stock offerings on the INX platform for eligible non-US users. Following the launch of tokenized Nvidia shares, the companies are adding tokenized Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME) stocks.
Moreover, INX will launch its first tokenized ETF, the S&P 500 ETF (bCSPX), along with tokenized Apple (bAAPL) and BlackRock’s iShares Treasury (bIB01) ETF in two weeks.
These assets are created under EU securities laws and tokenized on the Polygon Proof of Stake network, backed one-to-one by their corresponding underlying stocks.
“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,” Shy Datika, CEO of INX, stated.
The new listings allow traders to benefit from 24/7 availability, fractional ownership, and blockchain security. Eligible investors can trade these traditional securities outside standard stock market hours and fund their accounts with crypto.
“The launch of bNVDA was just the beginning. By adding Microsoft, Tesla, S&P 500 ETF and others, we are offering investors an even wider range of tokenized assets to build their portfolios,” Adam Levi, Co-Founder of Backed, added.
Backed highlighted that holders have primary claims to the collateral value held with a licensed custodian. The blockchain defines ownership, providing enhanced security and transparency.
Share this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Web3 ai Could Lead 2025’s Best Cryptos With 1,747% ROI, Outshining Toncoin & Chainlink’s Performance
Toncoin (TON) and Chainlink (LINK) show strong market positions, but Web3 ai’s AI-driven platform and sub-$0.001 price point may offer greater potential for exponential growth.Toncoin (TON): Leveraging Telegram’s Ecosystem for GrowthChainlink (LINK): Technical Indicators Point to Potential BreakoutWeb3 ai: Affordable Entry with AI-Driven Security ToolsClosing Thought

Ethereum Set to Soar Past $4,000 Again
Ethereum eyes a comeback above $4,000 with a projected 55% surge amid rising market optimism.What’s Driving the Ethereum Rally?Could Ethereum Break Past Its All-Time High?

Lark Davis: Best Time to Make Money in Crypto
Crypto analyst Lark Davis says this is the best time to make money in crypto. Here’s why you should pay attention now.Why This Window Matters So MuchHow to Lock In for Maximum Gains

Top Rated Cryptos to Buy in 2025: BlockDAG, Tron, Polygon, and Polkadot Line Up Ahead of Q3 Shift
Explore the top rated cryptos to buy in 2025, featuring BlockDAG’s limited-time 'Double Your BDAG' offer, and why Tron, Polygon, and Polkadot are gaining strong attention this year1. BlockDAG (BDAG)2. Tron (TRX)3. Polygon (MATIC)4. Polkadot (DOT)Closing View on Key 2025 Contenders

Trending news
MoreCrypto prices
More








