Swiss company Backed Finance has issued tokenized short-term US Treasuries on the Base blockchain used by crypto exchange Coinbase. This is the first real asset token on this network. The bIB01 crypto token, based on Swiss tokenized securities legislation, is a blockchain version of BlackRock's US Treasury ETF with an annual return of 5.25%.
The offer is available to qualified investors and licensed distributors who have passed KYC and AML verification. Investors and legal entities from the United States are prohibited from purchasing the token. Tokenization of real-world assets has become one of the top trends in the crypto industry this year, and the market for tokenized assets could grow to $16 trillion by 2030, according to a report from Boston Consulting Group.
The offer is available to qualified investors and licensed distributors who have passed KYC and AML verification. Investors and legal entities from the United States are prohibited from purchasing the token. Tokenization of real-world assets has become one of the top trends in the crypto industry this year, and the market for tokenized assets could grow to $16 trillion by 2030, according to a report from Boston Consulting Group.