Zug, Switzerland and Wien, Austria. 26 November 2024 - Assetera, a recently launched MiFID-licensed trading venue for blockchain-based securities in Europe, has announced the listing of Backed's tokenized assets on its platform via Polygon, making tokenized stock trackers and other tokenized securities available to non-US retail and institutional users. This collaboration highlights Assetera's dedication to expanding opportunities in digital finance and aligns with Backed’s mission to bring traditional assets onchain.
Unlocking New Investment Potential
The listing of Backed’s tokenized assets builds on Assetera’s strategic launch on the Polygon Proof-of-Stake (PoS) blockchain, which established the platform as one of the first regulated marketplaces for Real-World Assets (RWAs). While many platforms still rely on complex Multilateral Trading Facility (MTF) structures involving numerous intermediaries, Assetera’s platform stands out with its round-the-clock availability, operating 24/7/365 without manual intervention.
This partnership marks a significant step towards democratizing access to global financial markets, allowing investors to engage with traditional assets onchain. Asseteraholds both MiFID II and VASP licenses with an ongoing upgrade to meet MiCA standards, and executes trading activities directly on the Polygon network..
Meanwhile, Backed’s tokenized assets, bTokens, represent shares in leading companies and other assets including fixed-income products and index funds. Each bToken is fully collateralized and issued under an approved EU prospectus, ensuring transparency and security for investors.
Assetera recently announced integration with the Republic Wallet, enabling millions of users to acquire bTokens and other tokenized assets listed on Assetera directly via the wallet interface.
Assetera’s initial launch portfolio features Backed’s tokenized trackers of some of the world’s most sought-after securities: Coinbase (bCOIN), giving investors exposure to one of the largest US-based crypto exchanges; NVIDIA (bNVDA), tracking the AI and chip manufacturing giant; and the S&P500 (bCSPX) for diversified blue-chip exposure. The platform will also list two tokenized TBill ETFs, with plans to extend this to more Backed products. All products are fully collateralized and issued under an approved EU prospectus, making them the first retail-grade blockchain-based securities available for 24/7 trading in Europe.
"We are excited to partner with Backed and bring their tokenized assets to the Assetera platform," said Thomas Labenbacher, CEO of Assetera. "This collaboration reflects our commitment to innovation in financial markets and the empowerment of investors globally. With our regulated platform and atomic settlement capabilities, we are setting new standards for digital asset trading"
Adam Levi, Co-Founder of Backed, added, “Our goal has always been to bridge the gap between traditional finance and blockchain technology, and cooperating with Assetera is a powerful step in that direction. This collaboration allows investors to get exposure to traditional financial assets via an onchain, regulated environment, marking a new chapter in finance.”
Colin Butler, Global Head of Institutional Capital at Polygon Labs, noted, “Polygon’s scalable infrastructure supports efficient transactions, and its ecosystem enables cross-chain mobility and wider access to tokenized assets. With low costs, strong security, and a developer-friendly environment, Polygon is an ideal platform for bringing traditional financial assets on-chain.”
Key Benefits for Investors:
How to Start Investing
Investors interested in trading Backed’s tokenized assets on Assetera can create an account on the Assetera platform, complete the KYC verification, and start building a diversified portfolio of tokenized real-world assets of leading global companies. The platform is now open to both retail and professional clients, with plans to expand services beyond the EU/EEA through ongoing applications for licenses in Dubai and potential expansion into African markets.
About Assetera
Assetera is one of the very first regulated digital securities trading venues in the EU/EEA. It enables the trading of digital securities in a DLT-system environment, using Atomic Swaps for clearing and settlement, while supporting both custodial and non-custodial models. Licensed and supervised by the Austrian Financial Market Authority, Assetera holds a comprehensive MiFID II license, which includes Portfolio Management and a VASP, and is currently being upgraded to a MiCA license. Retail and professional clients can invest in and trade any tokenized financial instruments by utilizing the DLT/Blockchain technology.
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About Polygon Labs:
Polygon Labs is a software development company building and developing a network of aggregated blockchains via the AggLayer, secured by Ethereum. As public infrastructure, the AggLayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Polygon PoS, Polygon zkEVM, and Polygon Miden, which is in development as well as Polygon CDK.
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About Backed
Backed brings real-world assets on-chain. Backed issues permissionless tokens that track the value of real-world assets and are fully collateralized by them, such as stocks or ETFs. Tokens are issued under an approved EU prospectus. Backed offers tokenization services to institutional clients, bridging the gap between TradFi and DeFi.
Backed’s tracker products (bTokens) are not offered, sold, or delivered within the United States, or for the account or benefit of U.S. Persons. For a full list of prohibited and restricted countries, and to review legal documentation, please visit Backed Legal Documentation
