INX and Backed Launch Tokenized NVIDIA Stock for Non-US Investors on Regulated Platform
July 3, 2024INX 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
Get a daily email with more Tech stories
Sources
The Block • Jul 2, 2024
Trading for unaffiliated tokenized Nvidia stock launched on INX platformCoinJournal • Jul 2, 2024
INX and Backed launches tokenized stocks on INX starting with tokenized NVIDIA stock - CoinJournal