Backed IBTA $ Treasury Bond 1-3yr
What is the project about? Backed brings real-world assets (RWAs), such as stocks and ETFs, to blockchain rails. For example, our product bIBTA tracks the iShares $ Treasury Bond 1-3yr UCITS ETF, aiming to reflect an index of USD bonds issued by the US Treasury with 1-3yr maturities. What makes your project unique? Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy-remote book-entry securities. History of your project. Backed was incorporated in 2021 in Switzerland due to the regulatory clarity provided to the project by the Swiss DLT Act. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption across many different blockchains. What’s next for your project? Backed is working to establish the standard for tokenization through a network of protocols benefiting from on-chain RWAs. What can your token be used for? Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat. bTokens are used by Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry, among others. Disclaimer: Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of, or licensed by, BlackRock Inc, BlackRock Fund Advisors, or any of their affiliates ("BlackRock"). BlackRock is not responsible in any way for bIB01 products. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. For a full list of prohibited and restricted countries and a review of legal documentation, please visit https://www.backedassets.fi/legal-documentation (edited)
Overview
What is the project about? Backed brings real-world assets (RWAs), such as stocks and ETFs, to blockchain rails. For example, our product bIBTA tracks the iShares $ Treasury Bond 1-3yr UCITS ETF, aiming to reflect an index of USD bonds issued by the US Treasury with 1-3yr maturities. What makes your project unique? Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy-remote book-entry securities. History of your project. Backed was incorporated in 2021 in Switzerland due to the regulatory clarity provided to the project by the Swiss DLT Act. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption across many different blockchains. What’s next for your project? Backed is working to establish the standard for tokenization through a network of protocols benefiting from on-chain RWAs. What can your token be used for? Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat. bTokens are used by Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry, among others. Disclaimer: Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of, or licensed by, BlackRock Inc, BlackRock Fund Advisors, or any of their affiliates ("BlackRock"). BlackRock is not responsible in any way for bIB01 products. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. For a full list of prohibited and restricted countries and a review of legal documentation, please visit https://www.backedassets.fi/legal-documentation (edited)