Backedfi fund
Overview
Switzerland-based Backed Finance issues tokenized securities, each representing a 1:1 claim on a traditional asset held by a regulated Swiss custodian. The firm launched its bTokens product line in 2022, comprising ERC-20 tokens like bCOIN and bNIU that mirror individual equities and ETFs. Initially deployed on Ethereum, these tokens later expanded to Polygon, Base and Gnosis. Backed then introduced xStocks, a Solana-based range of tokenized US equities and ETFs—including AAPL, NVDA, TSLA and SPY—available to non-US users via venues such as Kraken. The company operates under Switzerland’s DLT Act, which establishes a legal framework for securities recorded on distributed ledgers.
Relations
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Frequently asked questions
What is Backedfi?
Backedfi is a fund tracked in The Counterparty knowledge graph.
What type of entity is Backedfi?
Backedfi is classified as a fund (fund) in The Counterparty knowledge graph.
Sources
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