Backed's tokenized Coinbase stock (bCOIN), is live on Base and is available to swap on CoW Swap

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.

Backed's tokenized Coinbase stock (bCOIN), is live on Base and 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:

* 1:1 backed by Coinbase stock

* Continuously traded on Aerodrome

* Can be easily swapped on CoW Swap

* Highly liquid and efficient

* Enables 24/7 access and global participation

“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 open up possibilities for a more inclusive and accessible financial system. They provide a neutral platform for economic activity, free from the biases and restrictions of traditional institutions.

Leveraging the security and scalability of Base facilitates optimal performance for tokenized stocks, catering to both DeFi users and institutional players. The $wbCOIN <> $USDC pair is live now on Aerodrome, inviting seamless participation and liquidity.

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