Backed Finance

Backed Finance is a platform that provides investment services to users globally.

  We are pleased to announce Backed, a new project that expands access to financial assets by bridging equity into decentralized finance. Supported introduces a fully supported ERC20 token that represents the value of popular equities like Tesla, Google, Apple and can be used across the entire DeFi ecosystem.

The next milestone of crypto assets

We believe that a reliable financial infrastructure should be accessible to everyone around the world. For the first time in history, internet real money allows worldwide access to an open financial system. And still, most financial assets remain outside of today's innovations in blockchain.

Backed is built on the idea that all publicly traded assets will eventually become crypto tokens, tradable across borders and blockchain platforms. We are developing the infrastructure to enable this change, following in the footsteps of important players in our ecosystem, such as Circle and Paxos.

Several securities tokens and synthetic trackers have appeared in the market, but due to their limitations, they are struggling to establish a solid footing. Currently, most of the available assets are platform specific or lack the trust that consumers have with assets like USDC. Our priority is to overcome these challenges and introduce compatible and interoperable products from day one.

Enter Supported

Backed Finance is a gateway for tokenized shares and equities on the blockchain. It is supported to issue tokens that represent the value of financial assets. For each token minted, Backed purchases the underlying asset (1-to-1) and stores it through a licensed custodian. Qualified token holders can exchange their tokens for the market value of the underlying asset.

We chose to build Ethereum first, the most powerful crypto network today. This will enable our users to maximize the usability of the Backed token across the DeFi ecosystem as well as migrate it to other chains via existing bridges.

Start Imagining

Soon, users will be able to integrate new assets into their DeFi strategy — lending Google tokens in Compound, using Apple as collateral for the Maker DAI, incorporating ETFs into the Yearn strategy, and creating new DeFi derivatives based on Tesla, among many other options.

Supported assets are:

Fully supported — The token is backed 1-to-1 with its underlying assets.

Compliant — Operates within a compliant regulatory framework under the Swiss DLT act.

DeFi Compatible — Since the supported token is ERC20, users will fully benefit from the power of DeFi:

Accessible — Available worldwide, 24/7.

Efficient — No need to wait for cash transfers, T+2 or other inefficiencies. Just swap the pair $TSLA <> $USDC.

Compilable — Any protocol that uses ERC20 can potentially work with Supported tokens.

Innovative — DeFi is today's financial innovation nexus, and Powered users will benefit from it for years to come.

Is looking for

We are excited to finally bring our product to market in the coming months. In the meantime, we invite you to engage with us on Twitter , LinkedIn , and Medium to stay up-to-date.

You can also sign up for updates from us at https://backed.fi/

If you are a financial platform looking to learn more about Backed assets — please contact contact@backed.fi

Problem

Now it is not difficult to be able to invest in a company. With various investment apps available in the market, today's users can invest in any company they want like SpaceX, Facebook, etc. However, the convenience provided by an application like this is still considered burdensome for users, because users have to buy according to their needs. specified lot or they need to provide documents or KYC. Therefore, users need a platform that will make it easier for them to invest without the need for KYC or providing troublesome paperwork.

The solution

And responding to this, Backed Finance was launched as an investment platform that will make it easier for users to invest in their favorite companies. Various features provided by Backed Finance such as convenience, security, and flexibility, will make it easier for users who want to invest in a platform. Backed Finance will be a platform that will support startups with crypto tokens that have value. The tokens provided by Backed Finance are CompanyCoins, these are tokens that will be the catalyst and will support companies in Backed Finance, for example SpaceX, Facebook, etc. This token allows users to be able to buy this token and then invest it in the company they want, and later as the company grows it will provide profits to investors.

Detail Token

Backed Finance was founded in early 2021. We raised the initial round in May 2021 with support from Gnosis tech, Semantic Ventures and Stratos.

More Information
Website :   https://backed.finance/
Linkedin :   https://www.linkedin.com/company/backedteam/
Twitter :   https://twitter.com/BackedTeam
Ann Thread :   https://bitcointalk.org / index.php?topic=5403653.0
Litepaper :   https://backed.finance/litepaper
Open App :   https://app.backed.finance/
Airdrop :   https://backed.finance/airdrop

Username: Lautaromartines Link: https://bitcointalk.org/index.php?action=profile;u=3122437 bsc wallet 0x1620c2353f8f4e89C200111151ebEd5DF5F398FC

#BKD # BACKED # COMPANYCOIN # DEFI #BSC # BSCGEM


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