What is the project about?
Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bIBTA tracks the iShares $ Treasury Bond 1-3yr UCITS ETF, aiming to reflect an index of USD bonds by the US Treasury with 1-3yr maturities.
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:
Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"). BlackRock is not responsible in any way to bIB01 products.
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 (edited)
Backed IBTA $ Treasury Bond 1-3yr (BIBTA) is currently trading at $5.86.
The BIBTA price shown on this page is the most recent USD price OpenSea has recorded for Backed IBTA $ Treasury Bond 1-3yr, updated as new market data is processed. Fully diluted valuation (FDV) is that price multiplied by the total supply of 219.9K BIBTA, so it reflects every token that exists rather than only the tokens in circulation.
Backed IBTA $ Treasury Bond 1-3yr (BIBTA) has a market capitalization of $1.3M. The fully diluted valuation (FDV) is $1.3M, based on the total supply of tokens.
The total supply of Backed IBTA $ Treasury Bond 1-3yr is 219.9K BIBTA on the Ethereum network.
Backed IBTA $ Treasury Bond 1-3yr (BIBTA) is available on the Ethereum blockchain. You can trade BIBTA on OpenSea by connecting a wallet that supports the Ethereum network.
Backed IBTA $ Treasury Bond 1-3yr (BIBTA) is currently held by 4 wallet addresses, indicating the breadth of community participation and distribution.
You can buy Backed IBTA $ Treasury Bond 1-3yr (BIBTA) directly on OpenSea. Simply connect your crypto wallet, search for BIBTA, and swap any supported token to acquire BIBTA instantly. OpenSea supports trading across multiple blockchains with no account registration required.
1. Connect your crypto wallet to OpenSea. 2. Search for Backed IBTA $ Treasury Bond 1-3yr (BIBTA) or visit opensea.io/token/bibta. 3. Select your preferred swap token and confirm the transaction.
