Blockchain

INX and Backed Launch On-Chain Tokenized NVIDIA Stock Trading

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    Zug, Switzerland, July 2nd, 2024, Chainwire

    INX, the regulated marketplace for trading security tokens and tokenized real-world assets, and Backed, a pioneer in real-world asset tokenization, today announced the listing of tokenized stock on the INX platform for eligible non-US users. This groundbreaking partnership begins with the launch of bNVDA, a tokenized security backed one-to-one by NVIDIA Corp (NVDA) stock, issued on the Ethereum network, with the blockchain ledger conveying ownership.

    The Future of Investing

    This launch is a monumental step towards democratizing access to traditional financial assets and merging them with the 24/7 liquidity and accessibility of the digital asset space. Non-US eligible investors will be able to trade bNVDA with the ease and speed of cryptocurrencies, outside of traditional stock market hours, and with the ability to fund their account with crypto. Self-custodial securities open up new possibilities for traders. This is only the start, with more assets coming in the pipeline, such as ETFs, Bonds, or even commodities arriving on INX in the future. Backed’s tokenized public securities are called bTokens, which are permissionless ERC-20 tokens that can be transferred between wallets freely.

    “We are thrilled to have Backed as one of our tokenization and issuance partners, and we’re excited to initiate the listing of their securities in our marketplace.” said Shy Datika, CEO of INX. “This partnership represents another milestone in our journey to enable the trading of real-world assets tokens. We are committed to advancing the accessibility and efficiency of the tokenized asset market, ushering in a new era of global finance.”

    Adam Levi, Backed Co-Founder, added, “Crypto traders have been seeking a seamless bridge to the traditional market – and tokenized stocks provide exactly that. bNVDA is just the beginning; we envision a future where investors can build diversified portfolios of tokenized real-world assets directly on the blockchain. No need to offramp, and users can self custody their entire portfolio.”

    INX provides a marketplace for tokenized assets and their partnership with Backed brings the first tokenized share to this market. This means that Backed’s bNVDA can now be traded on INX, which integrates crypto, fiat, and security tokens into a unified marketplace. Traders can now benefit from 24/7 availability to trade bNVDA, and fractional share ownership.

    Backed’s tokenized assets, including bNVDA, are issued under an EU prospectus, allowing eligible investors to have full transparency of the products. Holders of bNVDA have the primary claim to the collateral value, in this case, Nvidia stock, which is held with a licensed custodian under an account control agreement. Distributed ledgers (blockchains) are the primary way that ownership is defined.

    With Republic recently reaffirming its commitment to form a strong partnership with INX, and Backed completing their Series A funding round, the ecosystem for tokenized securities is becoming increasingly exciting. With partnerships like this, true interoperability and composability is becoming a reality.

    Key Benefits:

    ●     Self-Custody: Hold the securities directly in a wallet that only you have control over.

    ●     24/7 Trading: Trade anytime, anywhere, not limited by traditional market hours.

    ●     DeFi ready: Use your tokenized stocks as collateral for loans or within other DeFi applications.

    ●     Blockchain Security: Leverage the inherent security and transparency of blockchain technology.

    ●     Access: Available to non-US qualified investors across multiple jurisdictions.

    ●     All On-chain: Fund your account with crypto and invest in tokenized stocks.

    How to Get Started

    Right now, to trade bNVDA, investors need to create an account on the INX platform and complete the required verification process.

    About INX

    INX provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach

    In a world where anything can be tokenized on a blockchain network, INX provides an innovative, regulated marketplace for trading these security tokens, accommodating both fiat and cryptocurrencies. Led by an experienced and dedicated team of business, finance, and technology veterans, INX shares a vision to redefine capital markets through blockchain technology and a disciplined regulatory approach.

    LinkedIn: https://www.linkedin.com/company/theinxdigitalcompany/

    X / Twitter: https://x.com/INX_Group

    Website: https://www.inx.co/

    About Backed

    Backed brings real-world assets on-chain. Backed issues permissionless tokens that track the value of real-world assets and are fully collateralized by them, such as stocks or ETFs. Tokens are issued under an approved EU prospectus. Backed offers tokenization services to institutional clients, bridging the gap between TradFi and DeFi.

    The Backed Assets (JE) bNVDA (ticker symbol: bNVDA) is a tracker certificate issued as an ERC-20 token, which tracks the price of the NVIDIA Corp.

    Backed’s tracker products (bTokens) are not offered, sold, or delivered within the United States, or for the account or benefit of U.S. Persons. For a full list of prohibited and restricted countries, and to review legal documentation, please visit https://www.assets.backed.fi/legal-documentation

    LinkedIn: https://www.linkedin.com/company/backed-finance/

    X / Twitter: https://twitter.com/backedfi

    Website: https://backed.fi/

     

     

     

     

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    Deepfake Fraud Doubles Down: 49% of Businesses Now Hit by Audio and Video Scams, Regula’s Survey Reveals

    2024-09-30T11:00:00Z

    RESTON, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- In 2024, every second business globally reported incidents of deepfake fraud, revealing a growing trend in AI-related crimes over the past two years. Meanwhile, fraud involving fake or modified documents now outpaces AI-generated scams. These are the first findings from a new survey* “The Deepfake Trends 2024” commissioned by Regula, a global developer of forensic devices and identity verification solutions.

    Regula’s survey data shows a significant rise in the prevalence of video deepfakes, with a 20% increase in companies reporting incidents compared to 2022**. While 29% of fraud decision-makers across Australia, France, Germany, Mexico, Turkey, UAE, UK, and the USA reported encountering video deepfake fraud in 2022, this year’s data — covering the USA, UAE, Mexico, Singapore, and Germany — shows this figure has surged to 49%. This sharp increase across the revised cohort underscores the growing challenge of video deepfakes and their continued threat to businesses.
    Audio deepfakes are also on the rise, with a 12% increase compared to 2022 survey data.

    Identity fraud tactics

    Capture: The 12% rise in audio deepfake incidents and the 20% rise in video deepfake incidents from 2022 to 2024 highlight the need for enhanced detection and prevention measures.

    The survey also reveals industrial and regional differences regarding companies’ experience with deepfake threats. For example, audio deepfakes prevail over video ones among the three of the surveyed sectors, including Financial Services (51%), Aviation (52%), and Crypto (55%). At the same time, Law Enforcement (56%), Technology (57%) and FinTech (57%) are reporting more face video scams.

    The UAE and Singapore show higher susceptibility to deepfake fraud, with 56% of businesses in the UAE experiencing video deepfakes and 56% of businesses in Singapore encountering audio deepfakes. This is above the global average. In contrast, Mexico reported the lowest impact, with only 35% and 38% of businesses encountering video and audio deepfakes, respectively.

    Old threats still persist

    While video deepfakes are seeing the biggest jump over the two-year period (+20%), all other identity-related fraud has also grown, and some of its forms are more common than AI-generated scams.

    As Regula’s survey shows, 58% of businesses globally have experienced identity fraud in the form of fake or modified documents. This happens to be the top identity fraud method for Mexico (70%), the UAE (66%), the US (59%), and Germany (59%). This implies that not only do businesses have to adapt their verification methods to deal with new threats, but they also are forced to combat old threats that continue to pose a significant challenge.

    Interestingly, in a country more exposed to deepfakes, Singapore, this “traditional” threat is much lower than in the world at large: only 43% of businesses there reported having dealt with fake or tampered IDs.

    “Our latest survey demonstrates that AI-generated identity fraud has become an everyday reality. The surge in deepfake incidents over the two-year period of our survey leaves businesses no choice but to adapt and rethink their current verification practices. Deepfakes are becoming increasingly sophisticated, and traditional methods are no longer enough. What we think may work well is the liveness-centric approach, a robust procedure that involves checking the physical characteristics of both individuals and their documents; in other words, verifying biometrics and ID hardcopies in real-time interactions. This is what we adhere to in our R&D and what we recommend that our customers do to protect themselves,” says Ihar Kliashchou, Chief Technology Officer at Regula.

    Stay tuned for further insights as we continue to analyze and release more data on deepfake fraud. We’ll provide key updates to keep you informed and prepared for emerging threats.

    Additional resources:

    *The research was initiated by Regula and conducted by Sapio Research in August 2024 using an online survey of 575 business decision-makers across the Financial Services (including Traditional Banking and FinTech), Crypto, Technology, Telecommunications, Aviation, Healthcare, and Law Enforcement sectors. The respondent geography included Germany, Mexico, the UAE, the US, and Singapore.

    **After aligning the 2024 survey data with the 2022 cohort for a direct comparison, it reveals that 49% of companies experienced both audio and video deepfakes, up from 37% and 29%, respectively, in 2022. However, the unadjusted 2024 survey — which includes a larger sample size and new regions such as Singapore, in place of countries like Australia and Turkey — indicates that 50% of companies were affected by both types of deepfakes.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – [email protected]

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/59658107-89ca-4806-956c-853e8dfaad3e


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