Description
Backed Finance is a company that bridges real-world assets and the blockchain, making capital markets more accessible and equitable. Founded in 2021, the company facilitates the adoption of real-world assets onto blockchain rails, changing how people trade, invest, and manage wealth. Their services include providing tokenized financial assets, which are offered exclusively to “Qualified Investors” and are not registered under the U.S. Securities Act of 1933. The company has developed multichain support and offers Tokenization as a Service, with its bTokens being used as collateral for stablecoins and as primitives by other DeFi protocols. Backed Tokens are composable tokenized securities that track the value of RWAs such as Bonds, Stocks, or ETFs, powering a new age of decentralized finance applications. They are freely transferable ERC-20 tokens, composable with DeFi protocols, and have multichain support. Each token is 1:1 backed by the underlying asset held by 3rd-party licensed custodians and is redeemable for the underlying asset’s cash value, all within a compliant regulatory framework based on the Swiss DLT act. Backed also provides institutions with a flexible, efficient, and secure tokenization service, offering tokenized trackers, tokenized AMCs, and a full tokenization platform for funds and financial institutions to create, manage, and distribute tokenized investment products.