What is the project about?
Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bC3M is a tracker certificate issued as an ERC-20 token that tracks the price of the AMUNDI ETF GOVIES 0-6 MONTHS EUROMTS INVESTMENT GRADE UCITS ETF.
What makes your project unique?
Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy remote book-entry securities.
History of your project.
Backed was incorporated in 2021 in Switzerland due to the regulatory clarity the Swiss DLT Act provided to the project. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption on many different blockchains.
What’s next for your project?
Backed is working to create the standard for tokenization with a network of protocols benefitting from RWAs on-chain.
What can your token be used for?
Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat.
bTokens are utilized by the likes of Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry to name a few.
Disclaimer:
bC3 is not licensed by or affiliated to AMUNDI, and it bears no responsibility to it.
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
Backed GOVIES 0-6 months EURO (BC3M) is currently trading at $145.05.
The BC3M price shown on this page is the most recent USD price OpenSea has recorded for Backed GOVIES 0-6 months EURO, updated as new market data is processed. Fully diluted valuation (FDV) is that price multiplied by the total supply of 68.4K BC3M, so it reflects every token that exists rather than only the tokens in circulation.
Backed GOVIES 0-6 months EURO (BC3M) has a market capitalization of $9.9M. The fully diluted valuation (FDV) is $9.9M, based on the total supply of tokens.
The total supply of Backed GOVIES 0-6 months EURO is 68.4K BC3M. Currently, 68.4K tokens (100.0%) are in active circulation on the Ethereum network.
Backed GOVIES 0-6 months EURO (BC3M) is available on the Ethereum blockchain. You can trade BC3M on OpenSea by connecting a wallet that supports the Ethereum network.
You can buy Backed GOVIES 0-6 months EURO (BC3M) directly on OpenSea. Simply connect your crypto wallet, search for BC3M, and swap any supported token to acquire BC3M instantly. OpenSea supports trading across multiple blockchains with no account registration required.
1. Connect your crypto wallet to OpenSea. 2. Search for Backed GOVIES 0-6 months EURO (BC3M) or visit opensea.io/token/bc3m. 3. Select your preferred swap token and confirm the transaction.
