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Tokenized Asset Issuer Backed to Offer Crypto RWAs in LatAm With eNor Securities
ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.
Updated Aug 14, 2024, 7:41 a.m. Published Aug 13, 2024, 1:00 p.m.
- eNor Securities, an exchange based in El Salvador, will offer Backed’s bTokens on its platform to retail investors in Latin America.
- Backed has already launched ERC-20 compatible token versions of ETFs and individual stocks, such as Coinbase (COIN) and Tesla (TSLA).
Tokenized asset issuer Backed has partnered with Latin American exchange eNor Securities to offer tokenized real-world assets (RWAs) to retail investors in that region, Backed said on Tuesday.
Through the partnership, Backed will offer its bTokens on the platform of eNor Securities, a fully regulated exchange based in El Salvador. In this country, the company has already worked on a $100 million public offering of a soybean-backed digital token created by e-Grains, a digital assets issuer for agricultural commodities.
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“This collaboration signifies a major step forward in making tokenized securities accessible to a wider audience,” said Bernardo Quintao, Head of Business Development at Backed, in a statement.
Backed is based and regulated in Switzerland. According to its website, it offers tokenization services and has issued tokenized RWAs, including ERC-20 compatible token versions of exchange-traded funds (ETF) and individual stocks such as Coinbase (COIN) and Tesla (TSLA).
In April, Backed raised $9.5 million in a funding round to speed up its private tokenization offering and onboard asset managers to blockchain rails, the company said.
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