CandleFocus INX taps Backed to launch tokenized Tesla, Google, and Microsoft stocks on Polygon
2024-09-24
Author: Content Editor
INX and Backed, two cryptocurrency platforms, are expanding their offerings of tokenized stocks to include Tesla, Microsoft, Google, and GameStop. They will also be launching a tokenized ETF, the S&P 500 ETF, and tokenized Apple stock. These assets are created under EU securities laws and tokenized on the Polygon Proof of Stake network. Traders can benefit from 24/7 availability, fractional ownership, and blockchain security. Eligible investors can trade these traditional securities outside of standard stock market hours and fund their accounts with crypto. The tokens are backed by their corresponding underlying stocks and provide enhanced security and transparency through blockchain technology.
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