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

ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.

El Salvador-based exchange eNor Securities to offer Backed’s bTokens to retail investors in LatAm

Tokenized asset issuer Backed has partnered with Latin American exchange eNor Securities to bring tokenized real-world assets (RWAs) to retail investors in the region, Backed announced Tuesday.

Through the partnership, Backed will integrate its bTokens onto the platform of eNor Securities, which claims to be a fully regulated exchange based in El Salvador. In the country, the firm 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 provides tokenization services and has issued tokenized RWAs, including ERC-20 compatible token versions of exchange-traded funds (ETFs) and individual stocks such as Coinbase (COIN) and Tesla (TSLA).

In April, Backed raised $9.5 million in a funding round to accelerate its private tokenization offering and onboard asset managers to blockchain rails, the company said at the time.

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