Backed NIU Technologies
What is the project about? Backed brings real-world assets such as stocks or exchange-traded funds onto blockchain rails. For example, our product is a tracking certificate that tracks the price of Niu Technologies stock. What makes the project unique? Backed issues permissionless tokens that represent ownership of structured products. Backed tokens are 1: 1 backed by underlying assets, which are held by Swiss third-party custodians and constitute bankruptcy-remote book-entry securities. The project's history. Backed was 2021 incorporated in Switzerland because Switzerland's DLT The legislation provides the project with a clear regulatory environment. 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 standards for tokenization through a range of protocols that can benefit from on-chain real-world assets. What can the 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 account-opening process of traditional finance or convert crypto assets into fiat currency before transferring them off-chain. Projects including Gnosis,Angle Protocol, Ribbon Finance, Aragon, and Blueberry are using these types of tokens, to name just a few. Disclaimer: Backed DOES NOT sells its tokens to U.S. persons, or on behalf of or for the benefit of U.S. persons; the tokens are not marketed, offered, or solicited in the United States or any other prohibited jurisdiction. For the full list of prohibited and restricted countries and regions, as well as the legal documents, please visit https://www.backedassets.fi/legal-documentation
Overview
What is the project about? Backed brings real-world assets such as stocks or exchange-traded funds onto blockchain rails. For example, our product is a tracking certificate that tracks the price of Niu Technologies stock. What makes the project unique? Backed issues permissionless tokens that represent ownership of structured products. Backed tokens are 1: 1 backed by underlying assets, which are held by Swiss third-party custodians and constitute bankruptcy-remote book-entry securities. The project's history. Backed was 2021 incorporated in Switzerland because Switzerland's DLT The legislation provides the project with a clear regulatory environment. 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 standards for tokenization through a range of protocols that can benefit from on-chain real-world assets. What can the 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 account-opening process of traditional finance or convert crypto assets into fiat currency before transferring them off-chain. Projects including Gnosis,Angle Protocol, Ribbon Finance, Aragon, and Blueberry are using these types of tokens, to name just a few. Disclaimer: Backed DOES NOT sells its tokens to U.S. persons, or on behalf of or for the benefit of U.S. persons; the tokens are not marketed, offered, or solicited in the United States or any other prohibited jurisdiction. For the full list of prohibited and restricted countries and regions, as well as the legal documents, please visit https://www.backedassets.fi/legal-documentation