Backed Finance company

Company · PageRank 0.0194

Source: backed.fi

Overview

Backed Finance is a tokenization platform that issues ERC-20 tokens (bTokens) representing ownership of traditional financial assets, such as exchange-traded funds (ETFs) and stocks. Each bToken is fully backed by the underlying asset held by a regulated custodian, enabling on-chain exposure to real-world securities. The company operates under a regulated framework, with its issuance entity (Backed Finance AG) based in Switzerland. In December 2025, Kraken agreed to acquire Backed Finance to expand its xStocks tokenized-equities platform.

Within the DeFi Intel graph, Backed Finance connects to 26 tracked entities, most strongly to Kraken, Backed Finance tokenized equities/bonds (bIB01, bCSPX, bNVDA), Backed IB01 (iShares $ Treasury Bond 0-1yr UCITS ETF).

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 26 total).

Frequently asked questions

What does Backed Finance do?

Backed Finance is a tokenization platform that issues ERC-20 tokens (bTokens) representing ownership of traditional financial assets like ETFs and stocks, with each bToken fully backed by the underlying asset held by a regulated custodian.

What assets does Backed Finance tokenize?

Backed Finance tokenizes assets including Backed Coinbase Stock (bCOIN), Backed NVIDIA (bNVDA), Backed CSPX (iShares Core S&P UCITS ETF), Backed IB01 (iShares $ Treasury Bond 0-1yr UCITS ETF), Backed Alphabet Class A (bGOOGL), Backed Tesla (bTSLA), and Backed GameStop (bGME).

Where is Backed Finance based?

Backed Finance operates under a regulated framework, with its issuance entity based in Switzerland.

Sources

• Kraken — Kraken to acquire Backed (Dec 2, 2025)
• Backed Finance — official site