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

El Salvador-based exchange eNor Securities will offer Backed’s bTokens on its platform to retail investors in Latin America.

Backed has already launched ERC-20 compatible token versions of ETFs and individual stocks such as Coinbase (COIN) and Tesla (TSLA).

Tokenized asset issuer Backed said on Tuesday that it has partnered with Latin American exchange eNor Securities to offer tokenized real-world assets (RWAs) to retail investors in the region.

Through the partnership, Backed will offer its bTokens on the eNor Securities platform, a fully regulated exchange based in El Salvador. The company worked on a $100 million IPO in the country of a soybean-backed digital token created by e-Grains, an issuer of digital assets for agricultural commodities.

“This collaboration is an important step towards bringing tokenized securities to a wider audience,” said Bernardo Quintao, Head of Business Development at Backed.

Backed is based and regulated in Switzerland. According to its website, it offers tokenization services and has issued tokenized RWAs, including ERC-20-compliant tokenized versions of exchange-traded funds (ETFs) and individual stocks such as Coinbase (COIN) and Tesla (TSLA).

Backed raised $9.5 million in a funding round in April to accelerate its private tokenization offering and get asset managers on board with the blockchain, the company announced.