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Backed Finance offers a DeFi solution through SFTs minted against NFT collateral, enhancing liquidity and connectivity between NFT and DeFi sectors on Ethereum.
Lending/Borrowing
L1s
Backed Finance is a decentralized project focusing on liquidity and collateral solutions within DeFi by allowing users to mint semi-fungible tokens (SFTs) backed by NFTs, without losing ownership of these NFTs. This enhances liquidity for assets traditionally seen as illiquid. They leverage Ethereum smart contracts, enhancing the NFT and DeFi ecosystem. Additionally, Backed Finance AG bridges DeFi and traditional finance by tokenizing real-world assets (RWAs) like stocks and ETFs into bTokens on the blockchain, providing regulatory-compliant access and full collateral backing. Established in Switzerland in 2021, Backed leverages Swiss DLT Act regulations to operate across blockchains, excluding U.S. persons from transactions. They aim to democratize access to financial assets, with DeFi protocols like Gnosis and Ribbon Finance integrating their bTokens. Backed aligns with EU regulations, offering accessible, sustainable financial opportunities without cumbersome TradFi processes. For more legal details, visit their site.
Backed Finance is a decentralized project focusing on liquidity and collateral solutions within DeFi by allowing users to mint semi-fungible tokens (SFTs) backed by NFTs, without losing ownership of these NFTs. This enhances liquidity for assets traditionally seen as illiquid. They leverage Ethereum smart contracts, enhancing the NFT and DeFi ecosystem. Additionally, Backed Finance AG bridges DeFi and traditional finance by tokenizing real-world assets (RWAs) like stocks and ETFs into bTokens on the blockchain, providing regulatory-compliant access and full collateral backing. Established in Switzerland in 2021, Backed leverages Swiss DLT Act regulations to operate across blockchains, excluding U.S. persons from transactions. They aim to democratize access to financial assets, with DeFi protocols like Gnosis and Ribbon Finance integrating their bTokens. Backed aligns with EU regulations, offering accessible, sustainable financial opportunities without cumbersome TradFi processes. For more legal details, visit their site.
Backed Finance aims to bridge traditional financial assets with the DeFi ecosystem by democratizing access to financial assets via blockchain. It leverages tokenized real-world assets (RWAs), offering decentralized finance participants a regulatory-compliant means to invest in stocks, ETFs, and other structured products through blockchain.
Backed Finance introduces semi-fungible tokens (SFTs) backed by NFTs, transforming non-fungible tokens into fungible assets. This conversion facilitates lending, borrowing, and trading within the DeFi ecosystem, effectively unlocking liquidity that was formerly trapped in NFTs, thereby bridging the gap between NFTs and DeFi.
bTokens grant users blockchain-based access to real-world assets, offering benefits like regulatory compliance, security through Swiss third-party custodians, and transparency via a 1:1 backing. Additionally, these tokens support issuance on multiple blockchains, enhancing accessibility for global participants seeking low-risk, sustainable yields.
bTokens are unique because they are fully backed by real-world assets, unlike most cryptocurrency tokens, which are often backed by demand alone. Each bToken corresponds directly to a share or other financial product, offering a level of transparency and security absent in other tokens, and they comply with regulatory standards for enhanced trust.
Backed Finance’s commitment to regulatory compliance ensures that its bTokens are legally recognized, mitigating risks for investors engaging in DeFi. This compliance provides a secure way to access real-world assets through blockchain, instilling confidence and trust among users who seek to invest in tokenized financial products safely.
If you face any issues with Backed Finance services, first consult their comprehensive legal and help documentation available on their website. For persistent problems, consider reaching out to their customer support through the contact information provided on their site to address your specific concerns regarding bToken transactions or blockchain interactions.
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