Introducing: bCSPX

We are delighted to announce our first product, bCSPX.

New Product Launch: bCSPX Backed CSPX Core S&P 500

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Backed has spent the last two years building the new standard for compliant, fully-collateralized, freely transferable tokenized real-world assets. We believe tokenization will unlock trillions of dollars worth of value and power a new wave of economic activity.

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We have been working tirelessly on the legal & regulatory framework, technology, infrastructure, and partnerships necessary to bring tokenized products to market at scale, and we are delighted to announce that we are now live with our first product, bCSPX.

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bCSPX is our ERC-20 tokenized tracker of the popular iShares Core S&P UCITS ETF.

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How does it work?

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Backed issues a tokenized structured product that tracks the value of the underlying publicly traded security, CSPX (iShares Core S&P UCITS ETF).

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A prospectus for the structured product has been filed and approved in Switzerland and the European Union.

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bCSPX represents ownership of this structured product, which Backed issues as freely-transferable ERC-20 tokens, per the Swiss DLT act.

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A licensed custodian holds the underlying asset on behalf of Backed, which is the pledged collateral to the structured product.

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You can find more information here: https://www.backedassets.fi/products

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View bCSPX on Etherscan.

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For more information on our product and to view legal documentation including our prospectus, please visit: https://www.backedassets.fi/legal-documentation

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Backed’s products are only sold directly to qualified investors and licensed resellers.

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Backed and its tokens are not available for U.S. individuals and are not marketed, offered, sold, or delivered in the U.S. or other prohibited jurisdictions, or for the account or benefit of U.S. Persons.

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Backed fixed-income products: a robust on-chain treasury management solution

March 17, 2023

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

De-risking bank runs with tokenized securities

March 14, 2023

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.

Backed is bringing real-world assets to Base

February 23, 2023

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.

Backed is integrating Chainlink Proof of Reserve to increase the transparency of bToken reserves

December 16, 2022

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.

Backed hires Yotam Katznelson as CTO

December 15, 2022

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.

Backed appoints Erwan Mismaque as COO

December 13, 2022

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.

Introducing Backed Finance

February 3, 2022

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