Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront.
The Swiss-based company is expanding its offerings to include the tokenization of private funds and products, addressing the tech-heavy focus of existing solutions by emphasizing compliance and trust.
Adam Levi, co-founder of Backed, highlights the unique position of the company in facilitating the transition of institutions into digital assets, aiming to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi).
The newly launched services include Tokenized Trackers for on-chain representation of securities or thematic baskets, Tokenized Actively Managed Certificates (AMCs) for blockchain-based investment strategies, and a comprehensive Tokenization Platform for the creation, management, and distribution of tokenized investment products.
This initiative aligns with the vision of industry leaders like Larry Fink, CEO of Blackrock, who predicts the future of finance to be dominated by tokenized financial assets, potentially transforming the landscape with increased efficiency, transparency, and global market access.
According to a report by FinPlanet, Cashlink, and Porsche Consulting, tokenization could slash costs associated with traditional financial processes by up to 85%.
Backed operates under the Swiss DLT Act, issuing permissionless tokens that represent real-world assets like stocks or ETFs, and is geared towards institutional clients seeking to merge the realms of TradFi and DeFi.
The company’s approach underscores the growing trend of digital transformation in the finance sector, promising to revolutionize how assets are issued, managed, and traded on a global scale.