Blockchain asset protocol Backed Finance recently issued a tokenized U.S. short-term Treasury Bond ETF on the Base chain, called blB01. The product provides a 5.2% return. Backed Finance operates under the Swiss DLT Act and has issued a variety of tokenized assets, including treasury bond ETFs, corporate bond ETFs, and stock assets such as S&P 500 ETFs.

The newly launched blB01 token tracks the performance of the short-term iShares Treasury Bond ETF and is available to investors and authorized dealers who have passed KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. TokenInsight will continue to pay attention to the dynamics of the cryptocurrency market. Welcome to subscribe to our mailing list and follow us on Twitter and Telegram. If you have news reports or announcements that need to be disseminated, please send an email to news@tokeninsight.com.