Tokenized Asset Issuer Backed to Offer Crypto RWAs in LatAm With eNor Securities

Tokenized asset issuer Backed has partnered with Latin American exchange eNor Securities to offer tokenized real-world assets (RWAs) to retail investors in that region, Backed said on Tuesday.
Through the partnership, Backed will offer its bTokens on the platform of eNor Securities, a fully regulated exchange based in El Salvador. In this country, the company has already worked on a $100 million public offering of a soybean-backed digital token created by e-Grains, a digital assets issuer for agricultural commodities.
“This collaboration signifies a major step forward in making tokenized securities accessible to a wider audience,” said Bernardo Quintao, Head of Business Development at Backed, in a statement.
Backed is based and regulated in Switzerland. According to its website, it offers tokenization services and has issued tokenized RWAs, including ERC-20 compatible token versions of exchange-traded funds (ETF) and individual stocks such as Coinbase (COIN) and Tesla (TSLA).
In April, Backed raised $9.5 million in a funding round to speed up its private tokenization offering and onboard asset managers to blockchain rails, the company said.
Edited by Nikhilesh De.
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Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.