Tokenization protocol Backed has listed a new range of tokenized equities backed one-to-one by stocks of some of the world’s largest companies.
Based provides a bridge between traditional finance (TradFi) and decentralized finance (DeFi) through its tokenization services.
The blockchain protocol runs under the Swiss Distributed Ledger Technology (DLT) Act, enabling it to issue Backed tokens (bTokens) that mirror the value of various assets, including treasury ETFs, corporate bond ETFs, and equities.
The new offerings include bMSFT (Microsoft (NASDAQ:)), bGME (GameStop (NYSE:)), bMSTR (MicroStrategy Incorporated (NASDAQ:)), bTSLA (Tesla (NASDAQ:)), and bGOOGL (Alphabet (NASDAQ:)). It enables eligible non-US investors to gain exposure to companies while keeping their assets on-chain and self-custodied.
“Backed is leading the charge towards the future of finance, where blockchain technology converges…
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