Backed Coinbase Global
What is the project about? Backed brings real-world assets (RWAs), such as stocks and ETFs, to blockchain rails. For example, our product bCOIN is a tracker certificate issued as an ERC-20 token. bCOIN tracks the price of Coinbase Global Inc. and is designed to provide eligible cryptocurrency market participants with regulatory-compliant access to Coinbase's stock price. What makes your project unique? Backed issues permissionless tokens (bTokens) representing ownership of structured products. Backed tokens are backed 1:1 by the underlying assets, held by Swiss third-party custodians, and constitute bankruptcy-remote book-entry securities. History of your project. Backed was incorporated in Switzerland in 2021, due to the regulatory clarity that the Swiss DLT Act provided to the project. 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 undergo TradFi onboarding processes or off-ramp crypto to fiat. bTokens are used by Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry, among others. Disclaimer: bC3 is not licensed by or affiliated with Coinbase Global Inc. and bears no responsibility to it. 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
Overview
What is the project about? Backed brings real-world assets (RWAs), such as stocks and ETFs, to blockchain rails. For example, our product bCOIN is a tracker certificate issued as an ERC-20 token. bCOIN tracks the price of Coinbase Global Inc. and is designed to provide eligible cryptocurrency market participants with regulatory-compliant access to Coinbase's stock price. What makes your project unique? Backed issues permissionless tokens (bTokens) representing ownership of structured products. Backed tokens are backed 1:1 by the underlying assets, held by Swiss third-party custodians, and constitute bankruptcy-remote book-entry securities. History of your project. Backed was incorporated in Switzerland in 2021, due to the regulatory clarity that the Swiss DLT Act provided to the project. 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 undergo TradFi onboarding processes or off-ramp crypto to fiat. bTokens are used by Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry, among others. Disclaimer: bC3 is not licensed by or affiliated with Coinbase Global Inc. and bears no responsibility to it. 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