Backed Coinbase Stock (bCOIN) token
Overview
Backed Coinbase Stock (bCOIN) is a tokenized security issued by Backed that tracks the price of Coinbase Global Inc. (COIN) common stock. It is an ERC-20 token on the Ethereum blockchain, representing a claim on the underlying shares held by a custodian. bCOIN enables on-chain exposure to Coinbase stock for DeFi applications and trading.
Within the DeFi Intel graph, Backed Coinbase Stock (bCOIN) connects to 5 tracked entities, most strongly to Backed Finance, Backed Finance, Ethereum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
tokenizes | Backed Finance | 95% |
issued_by | Backed Finance | 90% |
deployed_on | Ethereum | 85% |
deployed_on | Base | 85% |
deployed_on | Gnosis | 85% |
Frequently asked questions
What is Backed Coinbase Stock (bCOIN)?
Backed Coinbase Stock (bCOIN) is a tokenized security issued by Backed that tracks the price of Coinbase Global Inc. (COIN) common stock. It is an ERC-20 token on the Ethereum blockchain, representing a claim on the underlying shares held by a custodian.
What chains is bCOIN deployed on?
bCOIN is deployed on Ethereum, Gnosis, and Base.
What does bCOIN enable in DeFi?
bCOIN enables on-chain exposure to Coinbase stock for DeFi applications and trading.