In a significant leap forward for the adoption of tokenized assets in Latin America, Backed, a pioneering entity in the tokenized asset domain, has forged a strategic alliance with eNor Securities, a Latin American exchange, to offer tokenized real-world assets (RWAs) to retail investors in the region, as announced on Tuesday.

This partnership will facilitate the introduction of Backed’s bTokens on the trading platform of eNor Securities, a fully regulated exchange headquartered in El Salvador. Notably, Backed has already made strides in this market, having collaborated on a $100 million public offering of a soybean-backed digital token in conjunction with e-Grains, a digital asset issuer specializing in agricultural commodities.

“This collaboration marks a pivotal advancement in making tokenized securities available to a broader demographic,” remarked Bernardo Quintao, Head of Business Development at Backed, underscoring the partnership’s significance in expanding access to these innovative financial instruments.

Backed operates under Swiss regulation, offering comprehensive tokenization services. The firm has successfully issued tokenized RWAs, including ERC-20 compatible tokens that represent exchange-traded funds (ETFs) and individual stocks such as Coinbase (COIN) and Tesla (TSLA).

In April, Backed secured $9.5 million in a funding round aimed at accelerating its private tokenization offerings and onboarding asset managers onto blockchain-based systems, further cementing its role as a trailblazer in the tokenization space.