eNor Securities

eNor Securities is a regulated investment exchange and marketplace for tokenized real-world assets (RWAs) headquartered in El Salvador, operating as part of the eNor Finance Group. Founded in 2021, the platform positions itself as a first-mover in the Latin American market for compliant, blockchain-based capital markets infrastructure, enabling both retail and institutional investors to access tokenized financial products that were previously out of reach for the region.

Regulatory Foundation

eNor Securities operates under El Salvador's Digital Assets Issuance Law, which came into effect in January 2023, and is registered with the country's National Commission for Digital Assets (CNAD) as a Digital Asset Service Provider (DASP). This regulatory standing makes it one of the first investment exchanges in Latin America to be fully licensed to list and trade tokenized securities. Its licensing covers exchange operations, tokenization advisory, settlement, custody, and distribution of digital products.

Core Platform and Mechanism

The eNor Securities platform functions as a centralized, regulated marketplace where users can buy, sell, and trade tokenized assets. Its offering spans two broad categories: cryptocurrencies — including Bitcoin, Ethereum, and Solana — and tokenized securities, which are digital representations of real-world financial instruments issued and settled on blockchain infrastructure.

The exchange provides end-to-end services for tokenized asset issuance: advisory on structuring, guidance through regulatory compliance, facilitation of public offerings, and secondary-market trading. Custody services are included, making the platform suitable for both individual investors seeking exposure to global markets and institutional clients requiring compliant infrastructure.

Key Products and Offerings

$ESOY — Soybean-Backed Token: eNor Securities structured and coordinated the distribution of the first digital asset publicly approved by the CNAD. Issued by e-Grains, a digital-asset issuer focused on agricultural commodities, $ESOY launched on January 18, 2024, as a $100 million public offering. The token is backed by soybean futures contracts, with its index composed 50% by CBOT Futures prices and 50% by physical soybean prices. Secondary market trading opened on March 18, 2024.

$GREE3: A diversified token designed to provide exposure to the crypto market by allocating across second-layer applications, decentralized finance protocols, decentralized exchanges, and smaller-cap projects with strong fundamentals. It was developed in conjunction with Vault, a specialized crypto research house.

Backed bTokens: Through a strategic partnership with Backed, a Switzerland-based and regulated tokenized asset issuer, eNor Securities lists Backed's bTokens on its exchange for Latin American retail and institutional investors. These include:

• bCOIN — tokenized Coinbase stock
• bCSPX — tokenized BlackRock S&P 500 ETF
• Corporate bond ETFs
• Government bond ETFs

Backed's bTokens are ERC-20 compatible, 1:1 backed by the underlying assets, and comply with EU prospectus regulations. The partnership was described at announcement as the first time Backed's tokenized securities were listed on a licensed investment exchange.

Tokenization Suite: eNor Securities offers advisory services to issuers seeking to tokenize assets, guiding them through structuring, issuance, and distribution on its regulated exchange.

LP Wealth Management: The platform also provides a wealth management service targeting Latin American investors seeking exposure to global assets.

Crypto Asset Trading

Beyond tokenized securities, eNor Securities' markets include direct trading of major cryptocurrencies including Bitcoin, Ethereum, and Solana. Solana is listed among the tradeable digital assets on the platform, reflecting the exchange's aim to serve as a single destination for both crypto-native and traditional-finance investors in Latin America.

Partnerships and Ecosystem Integrations

The Backed partnership announced in 2024 is the most publicly documented integration. Backed raised $9.5 million in April 2024 to accelerate its private tokenization services, and its collaboration with eNor Securities represents a distribution channel into the Latin American emerging market. Bernardo Quintao, Head of Business Development at Backed, described the collaboration as "a major step forward in making tokenized securities accessible to a wider audience."

Bruno Winik, Chief Operating Officer at eNor Securities, has stated that the platform's goal is to "provide global investors assets that were previously inaccessible, democratizing the access for a more globalized and free market."

Team and Background

eNor Securities is a subsidiary of the eNor Finance Group, described as a group with a heritage in the commodities markets. Bruno Winik serves as Chief Operating Officer. No additional leadership team members have been named in available public sources.

Fit in the Broader Ecosystem

eNor Securities occupies a niche at the intersection of regulated finance and blockchain tokenization, with a specific geographic focus on Latin America — a region with high demand for access to U.S. and global financial markets but historically limited by currency controls and lack of regulated intermediaries. By operating under El Salvador's progressive Digital Assets Law, the exchange bridges compliant traditional-finance structures with blockchain-based settlement and issuance.

Solana is listed as a supported asset for trading on the exchange, though the underlying exchange infrastructure is not documented to run on the Solana blockchain. The platform's RWA tokens — including the Backed bTokens — are issued as ERC-20 tokens on EVM-compatible chains. eNor Securities' role in the Solana Compass project directory reflects its status as a venue where Solana can be bought, sold, and traded alongside tokenized real-world assets within a regulated Latin American exchange environment.