Tokenized asset issuer Backed has announced a partnership with Latin American exchange eNor Securities to launch tokenized real-world assets (RWAs) to retail investors in the region. The partnership, announced Tuesday, will see Backed’s bTokens offered on eNor Securities’ platform, which is fully regulated and based in El Salvador.
Backed, which is regulated in Switzerland, previously facilitated a $100 million public offering of soy-backed digital tokens through e-Grains, an issuer of digital assets specializing in agricultural products.
Backed’s head of business development, Bernardo Quintao, highlighted the significance of the partnership, saying: “This collaboration marks an important step in opening up tokenized securities to a wider audience.”
Backed specializes in tokenization services and has issued a range of tokenized RWAs, including ERC-20-compatible versions of exchange-traded funds (ETFs) and individual stocks such as Coinbase (COIN) and Tesla (TSLA). In April, the company raised $9.5 million to accelerate its private tokenization efforts and integrate asset managers into blockchain technology.
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