Sure heres a rewritten version that maintains the original meaning and incorporates proper nounsINX and Backed Launch OnChain NVIDIA Stock Offering
INX and Backed, a platform for tokenizing real-world assets (RWA), have joined forces to list tokenized stocks on the INX platform for non-US users. The collaboration will commence with the introduction of bNVDA, a tokenized security backed by NVIDIA stock on the Ethereum network.
This launch signifies a significant step in making traditional financial assets more accessible by merging them with the 24/7 liquidity and accessibility of digital assets. Eligible non-US investors can now trade bNVDA as easily as cryptocurrencies, outside of traditional stock market hours, and fund their accounts with crypto.
Moving forward, the partnership aims to introduce more assets such as exchange-traded funds (ETFs), bonds, and commodities on the INX platform. Backed’s tokenized public securities, known as bTokens, are permissionless ERC-20 tokens that can be freely transferred between wallets.
INX CEO, Shy Datika, expressed excitement about the partnership, emphasizing their commitment to advancing the accessibility and efficiency of the tokenized asset market. Adam Levi, Backed Co-Founder, envisions a future where investors can build diversified portfolios of tokenized real-world assets directly on the blockchain.
INX’s marketplace now features Backed’s bNVDA, integrating crypto, fiat, and security tokens into a unified platform. Backed’s tokenized assets, including bNVDA, are issued under an EU prospectus to ensure full transparency. Holders of bNVDA have primary claims to the collateral value of the NVIDIA stock, held by a licensed custodian under an account control agreement.