Backed Finance AG

Our Head of Product Giorgio Giuliani is speaking at ETHMilan tomorrow on the RWA panel with other speakers from Mountain Protocol, Mento Labs, and Swarm. We're looking forward to the disccuson on how we all approach tokenization, and how we're all pushing the sector forward.

We're excited to announce the next phase of our partnership with INX! We've expanded our tokenized equities listings on the platform, now including: 🔴 Tesla (bTSLA) 🔵 Microsoft (bMSFT) 🟣 Google (bGOOGL) 🟡 Gamestop (bGME) All trading on Polygon Labs PoS 🌐 With more coming soon... These additions follow our successful launch of tokenized NVIDIA stock (bNVDA). What are bTokens? bTokens are structured products issued onto the blockchain. These structured products are backed 1:1 by underlying assets, held in regulated Swiss custodian banks in a bankruptcy remote structure. Holding a bTokens conveys legal ownership of the structured product, and the primary claim to the value of the underlying asset. They are permissionless and can be freely transferred between wallets. Increased Accessibility: Our tokenized stocks allow investors globally to access exposure to major US equities. Many of us take for granted the ease of access to US equities - but this isn't the case in many jurisdictions. Beyond Treasuries: We believe that tokenized treasuries and credit are just the beginning. Equities and index trading are a foundational part of our global economy, and the entire blockchain ecosystem can benefit from exposure to these asset classes. We're going to expand access to these tokenized equities in major ways in the coming months. We're excited to enable trading and exposure to a relatively unexplored asset class for blockchain native users, organizations, and apps. We believe in a future where traditional assets and digital markets seamlessly converge on the blockchain ⛓️ You can start trading now on https://www.inx.co/

Thanks to Huma Finance, Stellar Development Foundation, and Solana Foundation for organizing PayFi summit and inviting Bernardo Quintão to speak about what we're building at Backed.

The Backed team has landed in Singapore for TOKEN2049! Today, we'll be attending RWA Summit and speaking at PayFi Summit before the main event kicks off tomorrow. Want to chat with our team? Get in touch with Bernardo Quintão or David Henderson - or message the Backed page directly and we'll get in touch.

Thanks to Particula for creating this detailed Issuer Spotlight on us! Previously, Particula assigned bNVDA an AA rating, and you can read more about their research into our tokenization methodology in the full article ⬇️ https://lnkd.in/eUyAuQ93

The pilot phase of the Arbitrum RWA Innovation Grants program (RWAIG) that I have been privileged enough to run with Areta has finally come to an end. Over the past two months of running this program, we are proud to have received 35+ grant applications, and approved 300K ARB in grants to 8 grantees building RWA-focused projects on the Arbitrum network. We were impressed by the quality of applications we received and are highly optimistic about the growth of Arbitrum’s RWA ecosystem. Special thanks to all our grantees DoDAO, Frictionless Markets, PYOR, Mystic Finance, Jia, Truflation, Infinfty, and Backed Finance AG, for applying under this program and contributing to the growth of the budding RWA vertical on Arbitrum. We also appreciate the efforts of our Expert Committee: Colin Cunningham from Chainlink Labs, Jonathan Espinosa from Securitize, Manuela Warnier and Sophia Shluger from PV01, Shrey Rastogi from Libre Capital, Eli Cohen from Centrifuge, and Adam Lawrence from RWA.xyz, in contributing to the success of the program.

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