Backed Finance AG is a financial technology company based in Switzerland, operating under the Swiss DLT (Distributed Ledger Technology) Act. The company's core mission is to bridge traditional financial markets (TradFi) with decentralized finance (DeFi). It achieves this by issuing "bTokens," which are ERC-20 tokens representing ownership of real-world assets like publicly traded stocks (e.g., Tesla, Coinbase) or ETFs (e.g., S&P 500 trackers). Each bToken is fully backed 1:1 by the corresponding underlying asset, held in custody by a licensed Swiss brokerage, ensuring transparency and regulatory compliance. This allows DeFi users to gain on-chain exposure to traditional financial assets.

Founded in

United Kingdom