- What is the project aboutBacked brings realworld assets RWAs such as stocks or ETFs to blockchain rails. - For example,our product bCOIN is a tracker certificate issued as an ERC20 token. - bCOIN tracks the price of Coinbase Global Inc. - and it is designed to give eligible cryptocurrency market participants regulatorycompliant access to the stock price of Coinbase.What makes your project uniqueBacked issues permissionless tokens bTokens that represent ownership of structured products. - Backed tokens are 1:1 backed by the underlying assets,held by Swiss thirdparty custodians,and are bankruptcy remote bookentry 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 projectBacked is working to create the standard for tokenization with a network of protocols benefitting from RWAs onchain.What can your token be used forBacked enables clients to access sustainable,lowrisk yields while keeping their funds entirely onchain. - There is no need to go through TradFi onboarding processes or offramp 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 Coinbase Global Inc.,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 .
Summary of the coin Backed Coinbase Global
highest price statistics: 263.92 $USD
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