News & Updates

In finance, treasury optimization involves managing a company, protocol, or institution's cash and investments to maximize returns while minimizing risk.

The last few days have seen unprecedented shocks in the crypto and tech space due primarily to the bankruptcy of Silicon Valley Bank. Silicon Valley Bank (SVB) was the 16th bank in the US by asset and the bank of choice for many tech start-ups in the Bay area and worldwide.

Following the announcement of Base testnet, Backed is proud to announce that we will support the testnet launch and bring real-world assets to Base.

We are delighted to announce our first product, bCSPX.

We're excited to announce that Backed is integrating Chainlink Proof of Reserve to increase the transparency of bToken reserves. This integration will provide market participants with higher assurances that each bToken is backed 1:1 by the underlying asset.

We are pleased to welcome Yotam Katznelson as Chief Technology Officer. With our continued rapid growth, Backed needed someone who could bring a wealth of fintech, blockchain and leadership experience to the role.

We are delighted to announce that we have appointed Erwan Mismaque as Chief Operating Officer to continue our rapid growth and become the primary framework for real-world assets on-chain.

We are excited to announce Backed, a new project expanding access to financial assets by bridging equities into decentralized finance.