Backed Coinbase Global
What does this project do? Backed brings real-world assets such as stocks or exchange-traded funds to blockchain infrastructure. For example, our product is a tracking certificate issued in the form of ERC-20 tokens. This product tracks the share price of Coinbase Global and is designed to give eligible participants in the cryptocurrency market investment exposure to the share price of Coinbase stock in a regulatory-compliant manner. What makes this project unique? Backed issues permissionless tokens that represent ownership of structured products. Backed tokens have 1: backed by 1 underlying assets, held by a Swiss third-party custodian, and structured as bankruptcy-remote book-entry securities. The project's history. Because Switzerland's DLT legislation provides a clear regulatory basis for the project, Backed was incorporated in Switzerland in 2021. Backed launched its first tokenized product on Ethereum in early Q1. Today, Backed supports issuance and redemption across many different blockchains. What is next for the project? Backed is working to establish tokenization standards through a range of protocols that benefit from on-chain real-world assets. What can your tokens be used for? Backed enables customers to earn sustainable, low-risk returns while keeping their funds fully on-chain at all times. There is no need to go through the traditional financial account-opening process or take crypto off-chain and exchange it for fiat currency. Projects including Gnosis,Angle Protocol, Ribbon Finance, Aragon, and Blueberry are using Backed tokens, to name just a few. Disclaimer: bC3 has not been licensed by Coinbase Global and is not affiliated with it, nor does it assume any responsibility for that company. Backed DOESNOT does not sell its tokens to U.S. persons, nor does it sell its tokens for the account or benefit of U.S. persons; these tokens are not marketed, offered, or solicited in the United States or any other prohibited jurisdiction. For the complete list of prohibited and restricted countries and regions, and to review the legal documents, please visit https://www.backedassets.fi/legal-documentation
Overview
What does this project do? Backed brings real-world assets such as stocks or exchange-traded funds to blockchain infrastructure. For example, our product is a tracking certificate issued in the form of ERC-20 tokens. This product tracks the share price of Coinbase Global and is designed to give eligible participants in the cryptocurrency market investment exposure to the share price of Coinbase stock in a regulatory-compliant manner. What makes this project unique? Backed issues permissionless tokens that represent ownership of structured products. Backed tokens have 1: backed by 1 underlying assets, held by a Swiss third-party custodian, and structured as bankruptcy-remote book-entry securities. The project's history. Because Switzerland's DLT legislation provides a clear regulatory basis for the project, Backed was incorporated in Switzerland in 2021. Backed launched its first tokenized product on Ethereum in early Q1. Today, Backed supports issuance and redemption across many different blockchains. What is next for the project? Backed is working to establish tokenization standards through a range of protocols that benefit from on-chain real-world assets. What can your tokens be used for? Backed enables customers to earn sustainable, low-risk returns while keeping their funds fully on-chain at all times. There is no need to go through the traditional financial account-opening process or take crypto off-chain and exchange it for fiat currency. Projects including Gnosis,Angle Protocol, Ribbon Finance, Aragon, and Blueberry are using Backed tokens, to name just a few. Disclaimer: bC3 has not been licensed by Coinbase Global and is not affiliated with it, nor does it assume any responsibility for that company. Backed DOESNOT does not sell its tokens to U.S. persons, nor does it sell its tokens for the account or benefit of U.S. persons; these tokens are not marketed, offered, or solicited in the United States or any other prohibited jurisdiction. For the complete list of prohibited and restricted countries and regions, and to review the legal documents, please visit https://www.backedassets.fi/legal-documentation