Backed, a tokenization platform, has launched five new tokenized equities, including Microsoft, GameStop, MicroStrategy, Tesla, and Alphabet’s Class A shares. These tokens allow eligible non-US investors to trade these stocks 24/7 on the blockchain, providing continuous exposure to S&P 500 companies.
This initiative marks a significant step towards merging traditional finance with blockchain technology. Backed’s tokenized equities are fully backed by the corresponding stocks, ensuring investor confidence. The company also offers tokenized corporate and government bonds, like T-bills, enhancing the DeFi ecosystem.
These tokenized stocks can be used as collateral for loans and other financial products within DeFi, promoting interoperability. Backed envisions a global, interconnected financial ecosystem, eliminating barriers between traditional and digital economies.
