Tokenized Stocks of Large TradFi Companies Issued in EU

Institutional investors in the EU gained the ability to trade stocks of TradFi companies such as Tesla, Microsoft, Google, and GameStop tokenized on the Polygon network.

INX Digital Company, Inc., a regulated trading platform for digital assets, and Backed, a provider of asset tokenization solutions, announced the listing of tokenized stocks of a number of major TradFi companies.

European investors gained access to tokenized stocks of Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME). The assets were created by Backed under European regulatory standards and tokenized on the Polygon network. Tokenized stocks of Apple (bAAPL), S&P 500 (bCSPX), and Blackrock iShares Treasury (bIB01) ETFs are also expected to be listed next month.

The tokenized assets are available for 24/7 trading on the INX platform. According to Shy Datika, CEO of INX, the new tokenized assets are fully backed by real stocks at a 1:1 ratio, ensuring that they match the value of the underlying asset. He also emphasized that tokenization is a key detail in the framework of bringing together traditional financial markets and the DeFi sector.

Adam Levy, Co-Founder of Backed, added that each new tokenized asset contributes to the harmonious fusion of traditional assets and digital markets, creating a single financial space where the process of managing funds is simple and secure thanks to tokenization.

Colin Butler, Global Head of Institutional Capital at Polygon Labs, added that Polygon’s network provides a high level of security, transparency and accessibility for all market participants. And the tokenization of TradFi stocks on the public, open-source network allows democratization of access to investment assets.In September 2024, the market capitalization of tokenized assets exceeded $12 billion, and according to analyst forecasts, it could grow to $1.3 trillion by 2030.