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📅 July 3, 7:00 – July 9,
Backed Finance will launch 60 types of tokenized stocks as the encryption platform welcomes a new asset class.
On June 30, Backed Finance announced the launch of tokenized stock products on mainstream crypto asset trading platforms and Solana-based Decentralized Finance (DeFi) protocols, making the combination of stocks from publicly listed companies like Apple, Amazon, and Microsoft with crypto native platforms even closer.
The company announced on Monday that approximately 60 stocks and ETF tokens launched will support round-the-clock trading on weekdays, and certain platforms will be among the first crypto trading platforms to support token trading. Integration with DeFi applications Kamino Swap, Raydium, and Jupiter will be completed on the same day. Backed stated that these tokens will soon also serve as collateral for DeFi lending.