Backed, a tokenization platform, has announced the launch of five new tokenized equities.

These offerings include stocks from Microsoft (bMSFT), GameStop (bGME), MicroStrategy (bMSTR), Tesla (bTSLA), and Alphabet’s Class A shares (bGOOGL). 

These tokens are available to eligible non-US investors, providing exposure to S&P 500 companies while keeping assets on-chain and in custody.

In other words, investors can now buy tokens representing Microsoft, GameStop, MicroStrategy, Tesla, and Alphabet stocks, allowing investors to trade stocks 24/7 on the blockchain. Wall Street is also considering embracing 24/7 trading.  

This concept is similar to spot crypto ETFs or exchange-traded funds, which are a type of security that tracks the performance of an asset. 

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