Zug, Switzerland
Backed Finance AG, founded in 2021, is a promising Swiss startup at the intersection of Blockchain, Crypto, Finance, and Fintech. The company specializes in delivering "fully backed, tokenized stocks and ETFs," allowing real-world assets to seamlessly integrate into the blockchain ecosystem.
The innovative use of ERC-20 tokens allows these financial assets to be freely transferable and securely collateralized, aligning with the regulatory framework established by the Swiss DLT act. By bridging real-world assets on-chain, Backed is addressing a growing demand for decentralization while maintaining regulatory compliance.
In its recent financing round, Backed Finance secured a substantial $9.50M Series A investment on 30 April 2024 with notable backing from strategic investors like Blockchain Founders Fund, Gnosis, Mindset Ventures, Stake Capital Group, nonce Classic, Exor Ventures, and cyber•Fund. This strong financial endorsement underscores investor confidence in Backed's potential to revolutionize traditional financial markets.
