Backed IBTA $ Treasury Bond 1-3yrPrice

(BIBTA)

'Backed IBTA $ Treasury Bond 1-3yr' (ticker symbol: bIBTA) is a digital token that acts as a tracker certificate. It is issued on blockchain networks as an ERC-20 token, meaning it is compatible with Ethereum and other EVM-compatible blockchains, including Solana. The purpose of bIBTA is to reflect the performance of the iShares $ Treasury Bond 1-3yr UCITS ETF. This underlying ETF aims to track an index composed of US Dollar-denominated government bonds issued by the US Treasury, specifically those with maturities between one and three years. The project is designed to offer eligible cryptocurrency market participants a regulated way to access the performance of these US Treasury bonds, while benefiting from blockchain technology. The project behind bIBTA is Backed Finance, a Swiss company established in 2021. Backed Finance operates under the regulatory framework of the Swiss Distributed Ledger Technology (DLT) Act. Their core mission is to bring real-world assets, such as stocks or exchange-traded funds (ETFs), onto blockchain networks through a process called tokenization. Backed Finance issues permissionless tokens, referred to as bTokens, which represent ownership of these structured financial products. A key feature of bTokens, including bIBTA, is that they are fully backed on a 1:1 basis by the corresponding underlying assets. These underlying assets are held by third-party custodians in Switzerland, ensuring they are bankruptcy-remote book-entry securities. bIBTA offers targeted exposure to short-term US treasuries and direct investment in government bonds. The project aims to allow clients to access yields without needing to go through traditional financial onboarding processes or converting their crypto holdings to fiat currency. Backed Finance also uses Chainlink Price Feeds to provide reliable and secure price data for its tokenized real-world assets. bTokens can be utilized for various purposes within the decentralized finance (DeFi) ecosystem, such as collateral for stablecoins, on-chain treasury management, creation of new structured products, and collateral for money market lending. It is important to note that Backed Finance does not offer or sell its tokens to individuals or entities in the United States, nor are the tokens marketed or solicited in the US or other restricted jurisdictions. Direct purchases of bTokens from Backed are generally available only to qualified investors and licensed resellers who have completed Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. Learn more

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