top of page

Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. Culled from BlackRock's iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01. Providing more details on its mission, Backed Finance stated that its core mission is to create real-world assets (RWAs) that are composable and interoperable with the blockchain ecosystem. Backed Finance's recent milestone leans into a growing interest in the blockchain and crypto space, which has seen many companies plan to offer ETFs to track some major cryptocurrencies.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page