Tokenized Securities Platform - xStocks & bTokens

Backed operates a comprehensive RWA tokenization platform specializing in equity securities and structured products. Their flagship products include xStocks (60+ tokenized stocks and ETFs) and bTokens (tokenized diversified portfolios), both issued as ERC-20 tokens with 1:1 backing by underlying assets held in regulated custody.

Product Portfolio

xStocks - Tokenized Equities

xStocks are freely transferable ERC-20 tokens that track publicly traded stocks and ETFs, trading 24/7 on both centralized exchanges and decentralized platforms. The catalog includes major tech stocks (Apple/AAPLx, Microsoft/MSFTx, NVIDIA/NVDAx, Tesla/TSLAx, Amazon/AMZNx, Meta/METAx), crypto equities (Coinbase/COINx, Robinhood/HOODx), diversified ETFs (S&P 500/SPYx), and healthcare stocks (AstraZeneca/AZNx, Merck/MRKx).

Key Features: Available 24/7, freely transferable with self-custody support, DeFi composable (integrates with Aave, Kamino, Morpho, Jupiter, Raydium, PWN), multichain support (Ethereum, Solana, Polygon, Arbitrum, Base, BNB Chain, Gnosis, Avalanche, Sonic), zero commission trading on Kraken, institutional-grade security with proof-of-reserves verification.

bTokens - Tokenized Structured Products

bTokens provide exposure to diversified asset baskets, index funds, and multi-asset portfolios. Like xStocks, they maintain 1:1 backing ratios with underlying assets and are composable with decentralized lending protocols, DEX liquidity pools, and yield farming strategies. Each bToken undergoes real-time proof-of-reserves verification via blockchain transparency and third-party audits.

Platform Infrastructure

Backed Platform (app.backed.fi)

Institutional-grade infrastructure featuring:

• Onboarding: Integrated KYC/AML workflows using Sumsub for qualified investor verification
• Asset Management: Portfolio tracking, performance analytics, multi-asset management across blockchains
• Redemption Portal: Qualified investors can redeem tokens for underlying cash value through regulated processes
• Security: Multi-signature custody integration with Fordefi MPC wallet infrastructure
• Custody: Underlying assets held by InCore Bank AG and other licensed custodians

DeFi Dashboards

Comprehensive transparency platforms (defi.xstocks.fi, defi.backed.fi) offering:

• Real-time proof-of-reserves verification
• Cross-chain bridge tracking across 9+ blockchains
• Product performance metrics and historical data
• DeFi integration status monitoring (Aave, Kamino, Morpho, Jupiter, Raydium, Uniswap, Aerodrome)
• Venue tracking (CEX: Kraken, Bybit, Gate.io, Bitget, KuCoin; DEX: multiple liquidity pools)
• On-chain analytics: total supply, holder distribution, transaction history
• Custodian information and regulatory documentation access

Regulatory Framework

All products issued under Swiss DLT Act with Liechtenstein FMA prospectus approval, complying with EU regulatory standards. Available to qualified investors and professional clients globally (excluding US persons and UK retail clients). Platform enforces geographic restrictions, sanctions screening, and professional client status verification.

Use Cases

• Global Equity Access: Investors from 100+ countries access US/EU equity markets without traditional brokerage restrictions
• DeFi Collateral: Use stock/ETF exposure as collateral for crypto loans without liquidating positions
• Yield Strategies: Provide liquidity to DEX pools and earn trading fees on equity tokens
• Instant Settlement: Transfer ownership instantly versus T+2 settlement cycles
• 24/7 Trading: React to global news and market movements outside traditional market hours
• Cross-Chain Arbitrage: Transfer tokens across networks to capitalize on pricing inefficiencies
• Institutional Treasury: Corporate treasuries can hold tokenized traditional assets with blockchain transparency