Backed Finance

Based in Zug, Switzerland, Backed Finance is a financial technology company that issues fully collateralized ERC-20 tokens representing real-world assets like stocks, bonds, and ETFs on blockchain networks. The organization bridges traditional capital markets and decentralized finance by minting tokens backed one-to-one by underlying assets held by licensed custodians, reaching $150 million in assets under management and over $10 billion in total trading volume. Supported by a $1.5 million seed funding round, the platform generates revenue through issuance and redemption fees while expanding its tokenized asset offerings across multiple blockchain ecosystems. Backed Finance serves decentralized protocols and non-US investors, partnering with major industry entities such as Kraken, Bybit, Solana, and Gnosis to distribute its tokenized equities and short-term Treasury bond products. The company was originally founded in 2021 by Adam Levi, Yehonatan Goldman, and Roberto Klein.