INX and Backed Launch Tokenized NVIDIA Stock for Non-US Investors on Regulated Platform

July 3, 2024
INX and Backed Launch Tokenized NVIDIA Stock for Non-US Investors on Regulated Platform
  • INX and Backed have launched bNVDA, a tokenized version of NVIDIA stock, on the INX platform.

  • This is the first instance of traditional stock tokenization on a regulated marketplace.

  • The bNVDA token is issued on the Ethereum network and complies with EU prospectus regulations.

  • It allows eligible non-US investors to trade NVIDIA shares.

  • The collaboration aims to bridge traditional financial markets with digital assets.

  • Plans are in place to expand tokenization efforts into ETFs, bonds, and commodities.

  • Recent Series A funding and a partnership with Republic underscore the growing momentum in the tokenized securities market.

  • This initiative paves the way for integrating traditional finance with blockchain technology and offers new possibilities for decentralized finance applications.

  • Investors can trade bNVDA on the INX platform after completing the verification process.

Summary based on 3 sources


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