# Backed Finance

> Fully backed, tokenized real-world assets

Backed Finance is a tokenized securities issuer that creates blockchain-based tracker certificates representing stocks, ETFs, and bonds under the Swiss DLT Act.

Backed Finance issues tokenized tracker certificates that represent real-world securities including equities, ETFs, and government bonds. Each token is backed 1:1 by the underlying asset held with licensed custodians and issued as freely transferable ERC-20 and SPL tokens across multiple chains. The platform operates under Switzerland's DLT Act regulatory framework and was acquired by Kraken in December 2025.

- Type: Company
- Sector: Finance
- Status: Acquired
- Founded: 2021-01-01
- Profile: https://thegrid.id/profiles/backed_finance

## Products

- [bTokens Platform](https://thegrid.id/profiles/backed_finance): Backed's bTokens platform enables issuance and redemption of tokenized tracker certificates representing ETFs, bonds, and treasury securities. The platform operates under Swiss DLT Act, providing ERC-20 tokens backed 1:1 by underlying assets held by licensed custodians, with native deployment across multiple networks. (RWA Tokenisation Platform, Live, Main Product)

## Assets

- [Backed CSPX Core S&P 500 (BCSPX)](https://thegrid.id/profiles/backed_finance): BCSPX is a tokenized tracker certificate issued by Backed Finance representing the iShares Core S&P 500 UCITS ETF. It is used as DeFi collateral, for portfolio diversification, and for on-chain trading of S&P 500 exposure. Each token is backed 1:1 by the underlying ETF shares held with licensed custodians under the Swiss DLT Act. (Security)
- [Backed IB01 $ Treasury Bond 0-1yr (BIB01)](https://thegrid.id/profiles/backed_finance): BIB01 is a tokenized tracker certificate issued by Backed Finance representing the iShares $ Treasury Bond 0-1yr UCITS ETF. It is used as on-chain treasury exposure, DeFi collateral, and for yield-bearing portfolio allocation. Each token tracks the performance of short-duration US Treasury bonds with 1:1 asset backing. (Security)

## Links

- [Main](https://backed.fi)
- [Documentation](https://docs.backed.fi)
- [Blog](https://backed.fi/news-updates)
- [Media Kit/branding](https://docs.backed.fi/branding/brand-assets)
- [Terms of Service](https://backed.fi/website-notices-policies/terms-of-service)
- [Privacy policy](https://backed.fi/website-notices-policies/privacy-notice)
- [Twitter / X](https://x.com/BackedFi)
- [LinkedIn](https://linkedin.com/company/backed-finance)
- [Telegram](https://t.me/backedfinance)
- [GitHub](https://github.com/backed-fi)

## Relationships

- [Kraken](https://thegrid.id/profiles/Kraken): Parent organization
- [xStocks](https://thegrid.id/profiles/xstocks): Subsidiary

## Legal

This data is provided under two licensing models.

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP