Backed Finance tokenizes individual stocks and ETFs into 1:1 backed, composable tokens called xStocks that can be freely transferred, traded, lent, or used as collateral across multiple blockchains. Each token is backed by licensed custodians holding the underlying securities and is redeemable for cash value, operating under a Swiss DLT regulatory framework. The platform integrates with major DeFi protocols and liquidity aggregators to provide seamless on‑chain exposure to traditional equities.
Funding
$9.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BBCFES+3Founders
Product
Problem
Investors seeking exposure to traditional equities and ETFs face barriers when trying to integrate these assets into decentralized finance, including lack of on-chain representation, limited composability with DeFi protocols, and regulatory complexities of holding real-world securities on blockchain.
Solution
Backed Finance tokenizes stocks and ETFs as composable “xStocks,” creating on-chain assets that are 1:1 backed by the underlying securities held by licensed custodians. These tokens are freely transferable, redeemable for cash value, and compatible with multiple blockchains and DeFi protocols, enabling users to trade, lend, or use them as collateral within the broader crypto ecosystem. The platform operates under a Swiss DLT regulatory framework, ensuring compliance while providing a bridge between traditional finance and decentralized markets. By integrating with major DeFi infrastructure providers (e.g., 1inch, Aave, Chainlink) and multi‑chain networks, Backed delivers seamless liquidity and interoperability for tokenized real‑world assets.
Target Audience
Primary customers are crypto‑savvy investors and traders who want on‑chain exposure to traditional equities, as well as DeFi platforms seeking to incorporate real‑world asset tokens into their services.
Features
- 1:1 tokenized representation of individual stocks and ETFs (e.g., SPYx, COINx, NVDAx, TSLAx)
- Backed by licensed custodians holding the physical securities, with redeemable cash value on demand
- Multi‑chain support and compatibility with leading DeFi protocols for lending, borrowing, and trading
- Freely transferable ERC‑compatible tokens that can be used as collateral or composable assets in DeFi applications
- Compliance with Swiss DLT Act, providing a regulated framework for on‑chain securities
- Integration with liquidity aggregators and decentralized exchanges (e.g., 1inch, Aave, Jupiter) for efficient market access