Backed Finance is a financial platform that bridges traditional assets like stocks and bonds to the blockchain by issuing tokenized representations of these assets as ERC-20 tokens. Each token is fully backed 1:1 by the corresponding real-world security, held by licensed custodians. The platform operates under a regulatory-compliant framework, ensuring legal enforceability and transparency.
Value Proposition:
Backed Finance bridges traditional financial assets like stocks and bonds to the blockchain, offering seamless access to tokenized, fully-backed ERC-20 assets that integrate into DeFi ecosystems. Operating under a compliant regulatory framework, it ensures security, trust, and legal enforceability while enabling global users to trade, lend, and diversify their portfolios with real-world asset exposure
Governance:
Backed does not have formal governance process
Tokenomics:
Backed currently does not have a token
Previous Funding:
In April 2024, Backed Finance AG secured $9.5 million in a Series A funding round. The round was led by Gnosis and included participation from Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic.
