Tue, July 02, 2024 at 15:50

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some exciting news about a groundbreaking development in the financial market.

  • INX and Backed have launched bNVDA, a tokenized NVIDIA stock, on the Ethereum network.

  • 
• Annie

  • Wow, that sounds fascinating!😊 Can you explain what tokenized NVIDIA stock means?

  
• 

  Kang-hoon

  • Certainly.

  • Tokenized NVIDIA stock, or bNVDA, is a digital security backed one-to-one by actual NVIDIA Corp (NVDA) stock.

  • It's issued on the Ethereum blockchain, allowing investors to trade it 24/7 with enhanced security and self-custody options.

• Annie

  • 24/7 trading?

  • That's impressive!

  • How does this benefit investors?

  
• ADward

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• 

  Kang-hoon

  • Indeed, Annie.

  • This 24/7 trading capability allows investors to react to market changes in real time, providing a level of flexibility that traditional stock markets can't offer.

  • It essentially democratizes access to financial markets.

• Annie

  • That sounds like a game-changer!

  • But what about security?

  • How is it ensured?

  
• 

  Kang-hoon

  • Great question.

  • The use of blockchain technology ensures transparent and secure transactions.

  • Ownership is clearly recorded on the distributed ledger, and self-custody allows investors to hold their securities directly in personal wallets, eliminating the need for intermediaries.

• Annie

  • So, no intermediaries?

  • That must reduce costs too, right?

  
• 

  Kang-hoon

  • Exactly.

  • By removing intermediaries, transaction costs are reduced, and the investment process becomes more efficient.

  • This is especially beneficial for global investors who can now access these markets more easily.

• Annie

  • I'm curious, how does this bridge traditional finance and decentralized finance?

  
• 

  Kang-hoon

  • The partnership between INX and Backed creates a seamless bridge between traditional finance (TradFi) and decentralized finance (DeFi).

  • By tokenizing real-world assets like NVIDIA stock, they enable crypto traders to build diversified portfolios that include traditional financial assets without needing to off-ramp.

• Annie

  • That sounds like it could revolutionize the way we invest.

  • Are there plans to expand beyond NVIDIA stock?

  
• 

  Kang-hoon

  • Yes, there are.

  • INX and Backed plan to expand their tokenized offerings to include other assets such as ETFs, bonds, and commodities.

  • This will further enhance the versatility and appeal of the INX platform, making it a hub for tokenized real-world assets.

• Annie

  • Amazing!

  • How does this impact the overall market and investors?

  
• 

  Kang-hoon

  • This innovation enhances accessibility, liquidity, and security for global investors, especially those outside the US.

  • It opens up new possibilities for using tokenized stocks as collateral in DeFi applications, thereby integrating crypto, fiat, and security tokens into a unified marketplace.

• Annie

  • It seems like a positive development.

  • What do you think, is this news good or bad for the market?

  
• 

  Kang-hoon

  • I believe this is very good news for the market.

  • 

  • It represents a significant step forward in democratizing access to traditional financial markets and integrating them with the flexibility and security of blockchain technology.

  • This will likely attract more investors and enhance market liquidity.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.