Backed’s tokenized Coinbase stock (bCOIN), is live on Base and is available to swap on CoW Swap with a pool on Aerodrome.
In a major step towards the future of onchain finance, Backed’s tokenized version of Coinbase stock is now live on Base and available for trading via Aerodrome. This marks another milestone in bridging traditional equity markets with the blockchain, bringing 24/7 access to tokenized securities.
bCOIN, a 1:1 backed, freely transferable tokenized representation of Coinbase stock, is now actively tradable against USDC on Aerodrome. This enables seamless, permissionless access to markets without the limitations of legacy financial infrastructure.
Key Features of bCOIN:
- 24/7 Trading via DEX pools.
- Interoperable with DeFi apps. Usage as collateral for loans, for example, is coming soon.
- Freely Transferable: Move bCOIN onchain between wallets and pools with no intermediaries.
- 1:1 Backed: Each token represents a legal claim from the issuer to the value of Coinbase ($COIN) stock and is issued under an approved EU prospectus.
“As financial markets evolve, tokenized stocks represent a fundamental shift in how equities are accessed, traded, and transferred,” said Adam Levi, Co-Founder at Backed. “Bringing our tokenized version of $COIN onchain to Base underscores our commitment to an open, decentralized financial system.”
Tokenized stocks like bCOIN enable global access to equity markets without reliance on centralized institutions. By leveraging the security and scalability of Base, traders and investors can experience a new era of onchain finance.
The $wbCOIN <> $USDC pair is live now on Aerodrome, inviting DeFi users and institutional players alike to engage with tokenized equities in a way that was never before possible.
Swap on CoW Swap and see the pool on Aerodrome.
About Backed
Backed issued onchain tokenized securities. Backed issues permissionless tokens that track the value of real-world assets and are fully collateralized by them, such as stocks or ETFs. Tokens are MiFID II-compliant financial products issued under an approved EU prospectus.
The Backed Assets (JE) bCOIN (ticker symbol: bCOIN) is a tracker certificate issued as an ERC-20 token, which tracks the price of the Coinbase Global Stock as is fully collateralised by it. wbCOIN is the wrapped version of bCOIN for DeFi – to account for rebasing due to dividends and stock splits.
Backed’s tracker products (bTokens) are not offered, sold, or delivered within the United States, or for the account or benefit of U.S. Persons. For a full list of prohibited and restricted countries, and to review legal documentation, please visit Backed Legal Documentation