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.
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.
bCSPX is our ERC-20 tokenized tracker of the popular iShares Core S&P UCITS ETF.
How does it work?
Backed issues a tokenized structured product that tracks the value of the underlying publicly traded security, CSPX (iShares Core S&P UCITS ETF).
A prospectus for the structured product has been filed and approved in Switzerland and the European Union.
bCSPX represents ownership of this structured product, which Backed issues as freely-transferable ERC-20 tokens, per the Swiss DLT act.
A licensed custodian holds the underlying asset on behalf of Backed, which is the pledged collateral to the structured product.
You can find more information here: https://www.backedassets.fi/products
*****
View bCSPX on Etherscan.
For more information on our product and to view legal documentation including our prospectus, please visit: https://www.backedassets.fi/legal-documentation
*****
Backed’s products are only sold directly to qualified investors and licensed resellers.
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.
