Backed offers a range of tokens representing stocks from companies such as Microsoft (bMSFT), GameStop (bGME), MicroStrategy (bMSTR), Tesla (bTSLA), and Alphabet’s Class A shares (bGOOGL). These tokens are accessible to eligible non-US investors, allowing them to gain exposure to S&P 500 companies while keeping their assets on-chain and in custody.
There is a growing interest on Wall Street in the possibility of 24/7 trading, with Backed’s recent additions, including bMSFT, bGME, bMSTR, bTSLA, and bGOOGL, signaling the company’s commitment to merging traditional finance with blockchain technology. Bernardo Quintao, Head of Business Development at Backed, emphasized the company’s goal of democratizing access to financial markets and advancing blockchain innovation to facilitate a seamless integration of traditional finance and digital assets.
In addition to equities, Backed also offers tokenized corporate and government bonds, including T-bills. The company’s bIB01 token was recently integrated into the Arbitrum DAO’s treasury, allowing the tokens to serve as collateral for loans and other financial products within the DeFi ecosystem, promoting interoperability and self-custody.
Backed’s vision extends to a future where the barriers between traditional and digital economies are eliminated, fostering a global, interconnected financial ecosystem.