Microsoft, Tesla, and GameStop Tokenized Stocks Launched by Backed By Investing

Tokenization protocol Backed has introduced a new selection of tokenized equities that are backed one-to-one by shares of some of the world’s largest corporations.

Backed serves as a bridge between traditional finance (TradFi) and decentralized finance (DeFi) through its tokenization services. Operating under the Swiss Distributed Ledger Technology (DLT) Act, the blockchain protocol issues Backed tokens (bTokens) that reflect the value of various assets, including treasury ETFs, corporate bond ETFs, and equities.

The latest offerings include bMSFT (Microsoft), bGME (GameStop), bMSTR (MicroStrategy), bTSLA (Tesla), and bGOOGL (Alphabet). These tokens allow eligible non-U.S. investors to gain exposure to major companies while keeping their assets on-chain and in self-custody.

Adam Levi, Co-Founder of Backed, stated, “Backed is leading the charge towards the future of finance, where blockchain technology converges with the stability and familiarity of traditional financial assets.” He added, “Our tokenized equities, now expanded to include industry giants like Microsoft, Google, and NVIDIA, represent a monumental leap toward a future where capital markets are fully tokenized, enabling greater market access, all on-chain. This is especially impactful for emerging economies in LATAM, Africa, and SE Asia, where demand for U.S. equities is surging, but access often remains limited.”

As assets continue to move on-chain, asset managers are likely to develop strategies to tap new liquidity sources and explore arbitrage opportunities between on-chain and off-chain markets. This would enable them to apply traditional portfolio construction principles within a digital asset framework.

Backed’s new tokenized equities complement existing products such as Backed CSPX Core S&P 500 (bCSPX), Backed Coinbase Global (bCOIN), and Backed NVIDIA (bNVDA). These products give accredited investors the chance to benefit from stock price increases with the convenience of 24/7 trading on blockchain systems.

Each tokenized stock is fully backed by the corresponding stock, providing investors with confidence to trade on-chain. This structure simplifies access to a wide range of assets, eliminating the need for off-ramp funds. Backed’s tokenized stocks are also geared towards attracting crypto organizations looking for diversification while retaining their assets on-chain.

“Tokenization breaks down these barriers, offering a more inclusive, efficient, and transparent way to invest globally,” Levi remarked.

In addition to equities, Backed also provides tokenized corporate and government bonds, including T-bills. The launch of five new tokenized stocks enables users to build a diversified on-chain portfolio. The blockchain ledger ensures legal ownership, facilitating composability, interoperability, and self-custody.

Furthermore, Backed’s tokenized equities can be utilized within decentralized finance, serving as collateral for loans and money markets, including stablecoins. The introduction of bMSFT, bGME, bMSTR, bTSLA, and bGOOGL broadens opportunities for developers to innovate new products anchored by these digital assets.