Assetera and Backed: a collaboration that revolutionizes the financial markets, including NVIDIA

Assetera, platform for trading regulated according to MiFID standards, has announced the availability of Backed tokens on the Polygon blockchain.

European platform Assetera has announced the integration of Backed tokens on the Polygon blockchain. This collaboration marks a significant development in the financial sector, making traditional securities available as digital assets to retail and institutional investors outside the United States, with 24/7 trading.

Assetera is positioned as one of the first regulated platforms for real-world assets (RWAs), thanks to its integration with Polygon Proof-of-Stake (PoS). While many platforms operate as multilateral trading facilities (MTFs) that require manual intervention during trading hours, Assetera offers an innovative solution.

The platform operates 24 hours a day, seven days a week, without the need for manual interventions, providing continuous trading capabilities. Assetera's integration of Backed tokens is part of a strategy aimed at democratizing access to global markets.

Backed offers a range of assets, including shares of leading companies, fixed income products, and index funds, through its bTokens. Each bToken is fully collateralized and issued according to an EU-approved prospectus, ensuring maximum transparency and security for investors.

The first tokenized assets available on the Assetera platform include:

bCOIN, which offers exposure to Coinbase, one of the largest cryptocurrency exchange platforms in the United States.

bNVDA, which tracks the performance of NVIDIA, a leader in the artificial intelligence and chip sector.

bCSPX, which replicates the S&P500 index, for diversified exposure to blue-chip stocks.

Over the next few months, Assetera also plans to include tokenized T-Bill ETF trackers and other Backed products. These instruments collectively represent the first blockchain securities available for retail investors in Europe on a 24/7 basis.

Commenting on the collaboration, Thomas Labenbacher, CEO of Assetera, said:

“We are thrilled to collaborate with Backed to offer their tokenized assets on our platform. This partnership aligns with our dedication to driving innovation and empowering investors globally. With our atomic settlement capabilities and a fully regulated platform, we are pushing the boundaries of digital asset trading to new heights.”

Adam Levi, co-founder of Backed, also stated:

“Our vision has always been to connect traditional finance and blockchain technology. This collaboration with Assetera marks a significant milestone in this journey, enabling investors to access traditional financial assets in a fully onchain and regulated environment.”

Investors who choose Assetera gain access to several benefits, including:

Self-custody: bTokens can be stored in any wallet, providing investors with the flexibility of self-custody.

Continuous trading: Assetera offers the unique advantage of continuous trading, allowing investors to trade tokenized assets 24 hours a day, seven days a week, without the limitations of traditional market hours.

Cross-chain mobility: bTokens can be seamlessly transferred between different blockchains thanks to Chainlink CCIP.

Blockchain security: All transactions and ownership data are recorded on the Polygon blockchain, ensuring transparency and immutability for investors.

Global access: The assets are available to eligible retail and institutional investors in multiple jurisdictions, expanding their options for investing in a wide range of assets.

In recent news, Assetera also integrated the Republic Wallet, enabling its millions of users to directly purchase bTokens through the wallet interface. This move considerably broadens the accessibility of tokenized assets and positions Assetera as a forerunner in the bull sector.

The platform aims to expand its services beyond the EU/EEA, with license applications currently being processed in Dubai and plans to venture into the African markets.