Zug – Backed Finance has made a bold move in the world of decentralized finance, launching its tokenized version of Coinbase stock ($bCOIN) on the Base network. Available for seamless trading on CoW Swap and supported by a dedicated pool on Aerodrome, this milestone brings traditional financial assets into the decentralized era, offering 24/7 access to tokenized equities on the blockchain.
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Backed’s $bCOIN provides a legally compliant, 1:1 backed representation of Coinbase stock, designed for easy transferability and trading without intermediaries. This is a pivotal moment for on-chain finance, demonstrating Backed’s ability to lead the way in the evolving landscape of tokenized real-world assets.
“We’re proving that the future of finance is happening now—open, accessible, and interoperable,” said Adam Levi, Co-Founder of Backed Finance.
“Our tokenization infrastructure is fast, scalable, and has been tried and tested over the last three years. bCOIN is a real financial product issued on the blockchain. Our mission is to make on-chain tokenized equities more usable, and ultimately a better experience than the aging TradFi routes. The potential is endless when combining tokenized equities with the capabilities of DeFi.”
Adam Levi, Co-Founder of Backed Finance
Key Features of bCOIN
24/7 Trading via DEX Pools: bCOIN is now live on Aerodrome, with the $wbCOIN <> $USDC pair available for trading.
Interoperability with DeFi Apps: Soon, bCOIN will be usable as collateral for loans, broadening its utility.
Freely Transferable: Users can move bCOIN between wallets and pools with no intermediaries.
1:1 Backed: Each bCOIN represents a legal claim to the value of Coinbase stock, issued under an approved EU prospectus.
The launch of bCOIN represents a key moment for the financial industry, allowing global access to equity markets without the need for centralized financial institutions. By leveraging the scalability and security of the Base network, Backed is opening the door to a new era of tokenized finance that blends traditional assets with decentralized possibilities.
The tokenized $bCOIN is now available for trading, offering users a seamless, decentralized way to interact with the value of Coinbase stock. Backed is setting the stage for a new type of market where tokenized assets will be more accessible, liquid, and widely adopted.
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About Backed
Backed is a leader in tokenized securities, issuing permissionless tokens that track the value of real-world assets such as stocks and ETFs. These tokens are fully collateralized and compliant with MiFID II regulations, ensuring a secure and legal framework for on-chain finance.
