#bstockscis @BinanceCIS The phrase “backed 1:1” sounds simple, but I don’t think it should end the research.
I still want to know who holds the underlying asset, how the backing is verified and what happens if the issuer or custodian has a problem.
That’s the difference between reading a headline and understanding a product.
The backing behind $SPCXB is important, but so are the custody arrangements and the actual terms attached to the tokenized security.
I still want to know who holds the underlying asset, how the backing is verified and what happens if the issuer or custodian has a problem.
That’s the difference between reading a headline and understanding a product.
The backing behind $SPCXB is important, but so are the custody arrangements and the actual terms attached to the tokenized security.