Lore, the leading platform for anyone to launch Liquid Tokenized Portfolios (LTPs), and Backed, the pioneer for tokenized equities, have partnered to launch the first MAG7 LTP on Solana. This onchain portfolio tracks the Magnificent 7 using xStocks, providing one-click access to high-performance technology stocks through a 1:1 backed Portfolio Token.
The MAG7 LTP is the first of many Liquid Tokenized Portfolios, offering users a way to execute investment strategies that tap into unified liquidity across chains to gain diverse exposure to a set of assets. From top cryptocurrencies to tokenized equities, and more, Lore bundles assets into permissionless Portfolio Tokens that can be bought on supported chains with major stablecoins and cryptocurrencies.
“LTPs evolve ETFs for the internet age. 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. Meanwhile, crypto traders rotating between stocks and crypto face 3-day transfers and dead capital scattered across accounts. LTPs solve both the societal access problem and the deeper market structure inefficiencies. The timing is perfect: onchain assets exploding, DeFi more composable than ever. LTPs package this new world, while xStocks elegantly bring the entire stock market onchain. With xStocks integrated to the Lore Platform, the ceiling is now creativity. What LTP will you create?” – Thomas, Lore CEO
The MAG7 LTP comprises AAPLx, MSFTx, TSLAx, NVDAx, GOOGLx, METAx and AMZNx — tokenized versions of the Magnificent 7 backed 1:1 with transparent onchain custody and live NAV pricing, delivering compliant exposure without the friction or barriers to entry of the traditional financial system.
“DeFi has been increasingly showing it can go beyond replicating TradFi on blockchain rails,” said David Henderson, Head of Growth at Backed Finance. “There is real innovation happening onchain, 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.”
Additional planned xStock LTPs include LORE10H, a hybrid token combining top cryptocurrencies with the businesses powering them, plus 3xQQQx and 3xSP500x – pioneering leveraged diversified exposure to the stock market at substantially lower costs to maintain leverage.
About Lore
Lore is a financial technology platform that allows anyone to create and distribute Liquid Tokenized Portfolios (LTPs) — an evolution of the ETF for the 21st century. LTPs bundle multiple onchain assets into a single Portfolio Token backed by onchain assets. LTPs offer one click access to ecosystems, themes, tokenized stock strategies, and multi asset portfolios to long term investors and active traders. For more information, please visit https://lore.xyz/
About Backed
Founded in 2021, Backed is the leading issuer of compliant tokenized equities and ETFs, including the innovative xStocks line of products. Backed’s products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana-based platforms. For more information, please visit https://backed.fi/
