Backed Finance AG

Backed 🤝 eNor Securities We're working together to expand access to financial products to users in the LATAM region 🌐 Check the comments to read more on CoinDesk ⬇️

We just launched five new tokenized stocks: bMSFT (Microsoft), bMSTR (MicroStrategy), bTSLA (Tesla), bGOOGL (Alphabet Class A), and bGME (GameStop). Five new opportunities to get exposure to real-world assets on-chain 🔗 Each bToken is fully collateralized, meaning it's backed 1:1 by the underlying stock which is held in custody with a regulated Swiss bank 🏦 Holders of bTokens have the primary claim to the collateral value, tokens are issued under an approved EU prospectus, and the blockchain ledger conveys ownership. Why you should care ⬇️ 🟩 Self-custody: Hold your securities directly in your wallet. 🟩 DeFi Ready: Utilize your tokenized stocks within the DeFi ecosystem. 🟩 Blockchain Security: Leverage the security and transparency of blockchain. We’re enabling eligible non-US investors and blockchain native organizations to build diversified, on-chain portfolios of tokenized real-world assets. Read more on Investing.com - https://lnkd.in/eQqyAQs6 —- bTokens are tracker certificates issued by Backed Assets (JE) as ERC-20 tokens, which track the price of the the underlying asset. Not for the distribution to any U.S. Person or any person or address in the United States. 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.

This Tuesday 16th at 10AM ET / 4PM CET, tune in to our first LinkedIn Live to see Bernardo Quintão from Backed Finance AG, Bob Ejodame from INX, Colin Butler from Polygon Labs, and Colin Cunningham from Chainlink Labs discuss how we're all building tokenization infrastructure to enable institutional adoption 🏦 Gain firsthand insights into how these innovators are making it easier for institutions to adopt and utilize tokenized assets 🌐 Discover the potential of tokenization to transform the financial landscape and hear directly from those shaping its future.

MLL Legal team has advised on the structuring and launch of Backed Finance AG’s tokenisation platform. Our #team advised Backed Finance AG on all #Swiss legal and regulatory aspects in establishing and launching Backed Assets’s issuer entity of tokenized structured products, the #tokenization service provider and later restructurings, including the legal/regulatory structuring of the platform and the structured products, the tokenization aspects, the drafting, filing, amending and updating of a tri-partite securities prospectus according to EU-prospectus regulations via the Financial Market Authority in Liechtenstein, drafting and negotiating all service provider agreements for the collateral structure, #corporate housekeeping, and conducting financing rounds. Today, Backed Assets issues tokenised structured products from Jersey with a JFSC-regulated entity that track the value of underlying real-world assets, including listed #stocks and ETFs, and its parent entity Backed Finance provides for the tokenisation services. The underlyings serving as collateral are held with service providers in Switzerland as a leading and well-known financial center with highest #legal certainty and political stability. The MLL Team also assisted Backed Finance with its Series A Financing, which was lead by Gnosis, with the participation of new and existing seed investors, including Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic, the closing of the second tranche was completed in June 2024. A team from MLL Legal acting as lead counsel led by Reto Luthiger (Partner, Regulatory, Fintech & DLT) and Karin Oberlin (Partner, Corporate & M&A) and in particular including Diana Lafita (Senior Associate, Regulatory, Fintech & DLT), Franziska Gall (Associate, Regulatory, Fintech & DLT), L. Mattias Johnson (Partner, Corporate & M&A, Notary Public), Tania M. (Legal Employee Corporate & M&A), Karina Rovnak (Junior Associate), Lara Langer (Junior Associate) and Pranvera Rasaj (Junior Associate) advised on all Swiss corporate and regulatory elements. Jersey corporate services provider Cavendish Fiduciary (Jersey) Limited provides Jersey administration services to the issuer. MLL Legal worked closely with Jersey law firm WalkersGlobal as Jersey counsel. #mergersandacquisition #mlllegal #etf #regulatory #dlt #fintech https://lnkd.in/eJsMhFpp

Welcome Giorgio Giuliani, Head of Product at Backed Finance AG, as one of our speakers at the Institutional Digital Assets Forum! 👋 See you in Brussels! 🇧🇪 + info: idaf.io 🤝 In partnership with Bpifrance, Ethereum France, Impact Plus, and Xavier Lavayssière 🙌 Sponsored by Messari, Bpifrance, Credit Collective, Celo Foundation, and Filecoin Foundation #IDAF #Events #CryptoRegulation #DigitalAssets #FinanceInnovation

Today PWN.xyz showcased Backed's tokenized Coinbase stock (bCOIN) on Base being used as collateral for a peer-to-peer loan ⚖️ bCOIN has seen incredible performance over the last year, currently up 187% 🚀 The utility of our tokenized assets is growing every day 🌐 --- Backed’s products are only sold directly to qualified investors and licensed resellers. 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. This is the final post in the thread.

With regard to the launch of the Backed Finance AG NVIDIA Token on INX, on July 2, Particula assigned an AA rating (very high quality, low risk) to the ERC-20 token, which is issued as a tracker certificate on the price of NVIDIA Corporation stocks. The rating considers the strong market presence, robust product structure backed by regulatory oversight, reliable and transparent technical infrastructure as well as low risks associated with underlying asset and custodians favorably. However, the rating views counterparty risks, liquidity risks and risks associated with the respective smart contract, as challenges of the bNVDA token issuance. Partnering with INX is noted as a potential enhancement for market making, customer base expansion, and improvements in liquidity and operational efficiency. INX, as an authorized participant with the necessary licenses, for the first time offers retail clients in many jurisdictions, except the US and Canada, access to Backed's products. Congratulations to the entire Backed and INX teams on the issuance and the establishment of a long-term partnership! Roberto Klein, David Henderson, Giorgio Giuliani, Itai Avneri, Paz Diamant, Bob Ejodame, Idan Leibovich

bNVDA has received an AA rating from Particula, currently one of the highest ratings they’ve given to a tokenized asset. 🔒 They noted the robustness of our product structure and our well-thought-out legal structure. Read the abstract on this post. Our products are designed to be best-in-class tokenized securities for new products to be built on top of, suitable for large treasury diversifications, and high-volume trading 🌐 bNVDA is currently trading on INX ---- Backed’s products are only sold directly to qualified investors and licensed resellers. 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.

Today, the deputy CEO of INX and founders of Backed Finance AG met at the prestigious Point Zero Forum in Switzerland to celebrate the new partnership and discuss the future of tokenized assets. Together, we are paving the way for a new era in global finance, with the option to invest and trade the bNVDA share on the INX.ONE platform. Stay tuned for more exciting updates as we continue to expand our tokenized asset offerings, including ETFs, bonds, and commodities. Roy Matas Roberto Klein Itai Avneri #INX #Backed #Tokenization #NVDA #Blockchain #GlobalFinance #Innovation #pointzeroforum

We’re thrilled to announce our partnership with INX! 🌐 On-chain tokenized NVIDIA stock (bNVDA) trading is now available to eligible non-US investors on the INX platform. This is a major step towards bridging the world of traditional finance with the 24/7 accessibility and liquidity of digital assets. We’re excited to be INX’s first tokenization partner - and have them as our first secondary-market trading platform. bNVDA is a tokenized security backed one-to-one by NVIDIA Corp (NVDA) stock, issued on the Ethereum network, with the blockchain ledger conveying ownership. Why you should care ⬇️ Self-custody: Hold your securities directly in your wallet. 24/7 Trading: No more waiting for market hours. DeFi Ready: Utilize your tokenized stocks within the DeFi ecosystem. Blockchain Security: Leverage the security and transparency of blockchain. This launch represents the beginning of a new era where investors can build diversified, on-chain portfolios of tokenized real-world assets. More tokenized assets by Backed are coming soon 🚀 The Backed Assets (JE) bNVDA (ticker symbol: bNVDA) is a tracker certificate issued as an ERC-20 token, which tracks the price of the NVIDIA Corp. Backed’s tracker products (bTokens) are not offered, sold, or delivered within the United States, or for the account or benefit of U.S. Persons.