Backed Partners with eNor Securities to Enhance Tokenized Asset Accessibility in Latin America

Backed Partners with eNor Securities to Expand Tokenized Asset Offerings in Latin America

Tokenized asset issuer Backed has announced a strategic partnership with eNor Securities, a prominent exchange based in El Salvador, to make tokenized real-world assets (RWAs) more accessible to retail investors across Latin America. This collaboration was revealed on Tuesday and marks a significant advancement in the financial landscape of the region.

Through this partnership, Backed will introduce its bTokens on the eNor Securities platform, which prides itself on being a fully regulated exchange in El Salvador. This collaboration builds on eNor’s prior success with a notable $100 million public offering of a soybean-backed digital token, developed in collaboration with e-Grains, a digital asset issuer specializing in agricultural commodities.

“This collaboration signifies a major step forward in making tokenized securities accessible to a wider audience,” stated Bernardo Quintao, Head of Business Development at Backed. His comments highlight the potential of this partnership to democratize access to innovative financial instruments for everyday investors.

Backed is headquartered in Switzerland and operates under its regulatory framework. The company specializes in tokenization services and has successfully issued a variety of tokenized RWAs, including ERC-20 compatible tokens representing exchange-traded funds (ETFs) and individual stocks such as Coinbase (COIN) and Tesla (TSLA).

In a bid to accelerate its private tokenization offerings and onboard asset managers to blockchain technology, Backed raised an impressive $9.5 million in a funding round earlier this year. This infusion of capital is expected to enhance their capabilities and broaden their reach within the industry.