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Institutional investors within the EU have acquired the capability to trade tokenized stocks of traditional finance (TradFi) firms such as Tesla, Microsoft, Google, and GameStop, all of which are tokenized on the Polygon network.
INX Digital Company, Inc., a regulated platform for trading digital assets, along with Backed, a firm specializing in asset tokenization solutions, has announced the introduction of tokenized stocks from several prominent TradFi companies.
European investors now have access to tokenized stocks of Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME). These assets were developed by Backed in compliance with European regulatory requirements and tokenized on the Polygon network. Additionally, tokenized stocks of Apple (bAAPL), S&P 500 (bCSPX), and Blackrock iShares Treasury (bIB01) ETFs are anticipated to be listed in the upcoming month.
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The tokenized assets can be traded around the clock on the INX platform. As stated by Shy Datika, CEO of INX, the newly introduced tokenized assets are entirely backed by actual stocks at a 1:1 ratio, ensuring their value corresponds with that of the underlying asset. He also highlighted that tokenization plays a crucial role in bridging traditional financial markets with the decentralized finance (DeFi) sector.
Adam Levy, Co-Founder of Backed, remarked that each new tokenized asset aids in the seamless integration of traditional assets with digital markets, forming a unified financial ecosystem where fund management is straightforward and secure due to tokenization.
Colin Butler, Global Head of Institutional Capital at Polygon Labs, noted that Polygon’s network offers a high degree of security, transparency, and accessibility for all market participants. Furthermore, the tokenization of TradFi stocks on this public, open-source network facilitates the democratization of access to investment assets. As of September 2024, the market capitalization of tokenized assets surpassed $12 billion, and analysts predict it could reach $1.3 trillion by 2030.
Сообщение Tokenized Stocks of Large TradFi Companies Issued in EU появились сначала на CoinsPaid Media.
