Toronto, Canada, July 11th, 2024,
Chainwire
INX, the regulated marketplace for trading security
tokens and tokenized Real World Assets (RWA), proudly announces the
listing of NVIDIA Corp (NVDA) shares on its platform. These
tokenized shares, known as bNVDA, are backed
one-to-one by NVIDIA shares, and issued on the Ethereum network in
partnership with Backed. This initiative is
designed for eligible non-US users, marking a significant
advancement in the RWA market by bridging traditional financial
assets with digital trading.
The Future of Investing
This launch is a monumental step towards democratizing access to
traditional financial assets, seamlessly merging them with the 24/7
liquidity and accessibility to the digital asset space. Non-US
eligible investors, including those in Asian markets, will be able
to trade bNVDA with the ease and speed of
cryptocurrencies, outside of traditional share market hours, and
with the ability to fund their account with crypto. Self-custodial
securities open up new possibilities for traders.
Holders of bNVDA have the claim to the collateral value—Nvidia
stock—held by a licensed custodian under an account control
agreement. Importantly, they are entitled to all shareholder
rights, including NVDA dividends.
"We are thrilled to initiate the listing of tokenized
securities on our platform," said Shy Datika, CEO of INX. "This
represents another milestone in our journey to enable the trading
of Real World Assets (RWA) tokens. We are committed to advancing
the accessibility and efficiency of the tokenized asset market,
ushering in a new era of global finance."
INX provides a marketplace for tokenized assets, integrating
crypto, fiat, and security tokens into a unified platform. Traders,
especially those in Asian financial hubs, can now benefit from 24/7
availability to trade bNVDA, and fractional share
ownership.
Key features of Trading Tokenized Shares
- Self-Custody: Holding securities directly in a
wallet that only the user controls.
- 24/7 Trading: Trading anytime, anywhere, not
limited by traditional market hours—an advantage especially
beneficial for investors in different time zones like Asia.
- Shareholder rights -keeping the benefits of
the share such as dividends.
- ERC-20 Compatibility: Enjoying the benefits of
using tokenized shares across various DeFi applications, such as
collateral for loans and in liquidity pools.
- Blockchain Security: Leveraging the inherent
security and transparency of blockchain technology.
- Access: Available to non-US qualified
investors across multiple jurisdictions, including major Asian
markets.
- All On-chain: Funding the account with crypto
or fiat and investing directly in tokenized shares.
To trade bNVDA, investors need to create an
account on the INX platform and complete the required verification
process.
About INX
In a world where anything can be tokenized on a blockchain
network, INX provides an innovative, regulated
marketplace for trading security tokens and tokenized assets,
accommodating both fiat and cryptocurrencies. Led by an experienced
and dedicated team of business, finance, and technology veterans,
INX shares a vision to redefine capital markets through blockchain
technology and a disciplined regulatory approach.
LinkedIn: INX Digital Company
X / Twitter: @INX_Group
Website: INX
Contact
Silbert
Alan
The INX Digital Company,
Inc.
investorrelations@inx.co