Backed joins Tokenized Asset Coalition

Backed is happy to announce that they are joining the Tokenized Asset Coalition alongside 16 new members. The Coalition - founded by Aave Companies, Base, Centrifuge, Circle, Coinbase, Credix, Goldfinch and RWA.xyz - aims to bring the “next trillion dollars of assets” on-chain - and Backed will now be involved in education, advocacy, and pushing the adoption of tokenized assets as part of the group.

Behind one of the first tokenized public securities to market, Backed has been committed to pushing the tokenization of real-world assets since its inception. Backed products are fully collateralized, backed by the underlying assets 1:1 and bankruptcy remote. Our products are used as yield-bearing collateral, as a treasury management solution, and by creators of new structured products in the DeFi space.

Backed is joining the coalition as we are fully aligned with the group's goals - pushing education, adoption, and advocacy. Backed believes tokenization will lead to far greater efficiency and transparency in financial markets, as well as more equitable access to sound financial products.

With broader adoption already in mind, Backed is offering the only non-US-denominated tokenized fixed-income ETFs. In a space that is often US-focused, Backed will be a key player in the coalition to advise on the European and LATAM markets, which have unique regulations and use cases. Backed has engaged with protocols that need specific assets tokenized, providing a sound foundation on which applications can be built. Backed is also developing forkable codebases to enable further adoption of real-world assets on-chain.

Backed will seek to contribute expertise in the space by being involved in education and advocacy. Backed is always open to panel discussions, contributing to articles, legal discussions, and working with others to further develop the tokenization landscape.

“It is undeniable that tokenization and blockchain technology create huge efficiency gains within the financial sector. We cannot wait to get to work with our partners in the Coalition in bringing more assets on-chain.” - Guv Lawrence-Sandhu, Head of Operations at Backed

“Joining the Tokenized Asset Coalition is extremely important to Backed, as we truly believe tokenization will create more equitable access to financial products usually reserved only for those in specific jurisdictions or the extremely wealthy.” - David Henderson, Marketing Associate at Backed

About Backed

Backed bridges real-world assets on-chain. Backed issues on-chain tokens that track the value of real-world assets, such as stocks or ETFs. Tokens are freely transferable across wallets, are fully collateralized by the underlying asset, and are issued in compliance with the Swiss DLT act.

*Backed’s tokens are not offered, sold or delivered within the United States, or for the account or benefit of U.S. Persons.

‍Learn more about Backed at backed.fi and by following us on LinkedIn and Twitter.

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Not for the distribution to any U.S. Person or any person or address in the United States.

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 review of legal documentation, please visit https://www.backedassets.fi/legal-documentation

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