Lore and Backed debut a MAG7 Liquid Tokenised Portfolio on Solana, offering on-chain exposure to leading tech stocks via 1:1 backed tokenised equities.
Lore, a platform for launching Liquid Tokenised Portfolios (LTPs), has partnered with tokenised equities provider Backed to launch the first MAG7 LTP on Solana, giving on-chain investors packaged exposure to the Magnificent 7 technology stocks.
The MAG7 LTP uses Backed’s xStocks, which are tokenised versions of listed equities, to create a 1:1 backed Portfolio Token tracking AAPLx, MSFTx, TSLAx, NVDAx, GOOGLx, METAx, and AMZNx. Lore positions LTPs as an evolution of ETFs for the internet era, bundling assets such as cryptocurrencies and tokenised equities into permissionless Portfolio Tokens that can be bought on supported chains using stablecoins and major digital assets.
“LTPs evolve ETFs for the internet age,” said Thomas, CEO of Lore. “They’re built for passive investors seeking simplified exposure to the largest universe of opportunities – but fragmentation and complexity are breaking the promise of internet capital markets.”
David Henderson, Head of Growth at Backed Finance, said: “There is real innovation happening on-chain, and Lore is the next step in this direction. With xStocks, we’re able to build a new financial system that’s not only accessible, but also reliable and efficient.”
Lore and Backed plan to further xStock-based portfolios, including LORE10H, a hybrid token combining top cryptocurrencies with the companies behind them, as well as leveraged products such as 3xQQQx and 3xSP500x, aimed at offering diversified exposure to equity markets at lower maintenance costs than traditional leveraged structures.
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