We are excited to announce that Backed Finance, the leading crypto start-up focused on bridging real-world assets on-chain, is now launching its native token issuance on the Gnosis Chain. This important milestone underscores our commitment to revolutionizing decentralized finance (DeFi) and enabling the seamless integration of RWAs into the blockchain ecosystem.
Why Gnosis Chain Integration Matters:
1. Empowering Scalability and Performance:
By extending our token availability to Gnosis Chain, Backed can harness its robust infrastructure to overcome scalability challenges. Gnosis Chain's high throughput and enhanced performance ensure swift and efficient transaction processing, providing users with a seamless experience when managing their assets and interacting with DeFi applications.
2. Broadening Reach and Community Engagement:
Gnosis Chain's growing popularity and vibrant ecosystem open doors to a diverse community of DeFi enthusiasts and developers. This expansion broadens our reach, creating opportunities to connect with a wider range of investors and stakeholders. By tapping into Gnosis Chain's thriving network, we foster collaboration, knowledge sharing, and community-driven innovation.
3. Interoperability and Composability:
Issuing bTokens natively on Gnosis Chain allows our tokens to seamlessly interact and integrate with other DeFi protocols and applications within the Gnosis Chain ecosystem. This interoperability unleashes the potential for our users to explore a vast array of DeFi use cases, such as lending, borrowing, and yield farming, while retaining ownership and exposure to real-world assets.
"We are thrilled to launch Backed Tokens on Gnosis Chain, marking a significant milestone for Backed Finance. This expansion aligns perfectly with our vision of seamlessly integrating traditional assets into the DeFi landscape," shared Giorgio Giuliani, Head of Product at Backed.
"Our move onto Gnosis Chain empowers us to provide a smoother, high-performance experience for our users while fostering a truly decentralized and inclusive financial ecosystem. We believe that this launch will accelerate the adoption of real-world asset-backed tokens and drive groundbreaking innovation within the DeFi space," Giorgio added.
About Backed Finance:
Backed is a Swiss start-up bridging real-world assets on-chain. We issue 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.
Learn more about Backed and explore the possibilities of our bTokens on Polygon, visit backed.fi and follow 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
