Backed Finance offers tokenised versions of major ETFs and stocks, including the S&P 500 (bCSPX) and US Treasuries (bIB01, bIBTA). The platform is regulated under Swiss law by FINMA.
Products
- bCSPX — Tokenised S&P 500 ETF, tracking the iShares Core S&P 500 ETF
- bIB01 — Tokenised short-term US Treasury ETF
- bIBTA — Tokenised long-term US Treasury ETF
- More products — Expanding range of tokenised traditional assets
Regulation
Backed operates under Swiss regulation through FINMA, providing a solid legal framework. However, it is not FCA-regulated, so UK investors should check their own compliance status.
DeFi Integration
Backed tokens are available on multiple chains and can be used in DeFi protocols. Liquidity varies by token and chain.
Verdict
Backed Finance offers the easiest way for UK investors to get on-chain exposure to traditional ETFs and treasuries with minimal investment. The Swiss regulatory framework provides confidence, but FCA regulation is absent. For investors comfortable with the legal structure, it’s an excellent platform.
Disclaimer: Tokenised ETFs carry the same risks as their underlying funds. This review is for informational purposes.