Rank #N/A
bcspx Backed CSPX Core S&P 500
$ 632.02
0.00%
0.006737 BTC
673,719 satoshies0.00%
Market Cap
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24 Hour Trading Vol
203.04119 $
Circulating Supply
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Total Supply
7,600
Max Supply
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Fully Diluted Valuation
4,80 MLN. $
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About Coin
What is the project about?
Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bCSPX is a tokenised tracker certificate reflecting the net total return of the iShares Core S&P 500 UCITS ETF USD, less fees.
What makes your project unique?
Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy remote book-entry securities.
History of your project.
Backed was incorporated in 2021 in Switzerland due to the regulatory clarity the Swiss DLT Act provided to the project. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption on many different blockchains.
What’s next for your project?
Backed is working to create the standard for tokenization with a network of protocols benefitting from RWAs on-chain.
What can your token be used for?
Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat.
bTokens are utilized by the likes of Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry to name a few.
Disclaimer:
Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"). BlackRock is not responsible in any way to bIB01 products.
Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.
For a full list of prohibited and restricted countries and review of legal documentation, please visit https://www.backedassets.fi/legal-documentation (edited)
Where is Backed CSPX Core S&P 500 available for purchase?
You can exchange BCSPX tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Backed CSPX Core S&P 500 is Balancer V2 (Gnosis), notably the BCSPX/SDAI pair, which saw a trading volume of $ 203.04 in the past day.
What is the highest value Backed CSPX Core S&P 500 (BCSPX) has ever reached?
Backed CSPX Core S&P 500 (BCSPX) reached its peak price at 681.3 $ on 19 December 2024, approximately 7 days ago ago. Presently, the current price is -7.23% lower than this all-time high.
What is the historical minimum price for Backed CSPX Core S&P 500 (BCSPX)?
The minimum price reached for Backed CSPX Core S&P 500 (BCSPX) was 433.76 $, documented on 27 October 2023, more than a year ago. In comparison, the current price is 45.7%, it above this historical low.
What is the fully diluted valuation of Backed CSPX Core S&P 500 (BCSPX)?
The fully diluted valuation (FDV) of Backed CSPX Core S&P 500 (BCSPX) stands at $ 4,80 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BCSPX tokens. The realization of this FDV might take several years depending on the emission schedule of BCSPX tokens.
How to add Backed CSPX Core S&P 500 (BCSPX) to MetaMask?
By integrating Backed CSPX Core S&P 500 (BCSPX) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import BCSPX as a token. You can either manually import BCSPX by copying its contract address (0x1e2c4fb7ede391d116e6b41cd0608260e8801d59) or use MetaMask's Chrome extension to add BCSPX with a single click through Pirate.Place.
How to add Backed CSPX Core S&P 500 (BCSPX) to TrustWallet?
Incorporating Backed CSPX Core S&P 500 (BCSPX) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include BCSPX, you can either manually import it using the contract address (0x1e2c4fb7ede391d116e6b41cd0608260e8801d59) or conveniently add it to Trust Wallet with just one click via Pirate.Place if you've installed Trust Wallet's Chrome extension.
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