Backed GOVIES 0-6 months EURO (BC3M)

Backed GOVIES 0-6 months EURO (ticker: BC3M) is a tokenized financial asset offered to qualified investors. It is part of the Backed Finance ecosystem, which allows users to buy real-world assets on-chain and put their stablecoins to work. With $46,023,500 assets under management, Backed GOVIES 0-6 months EURO exposes investors to short-term European government bonds.

Backed GOVIES 0-6 months EURO is a tracker certificate issued as an ERC-20 token, tracking the iShares $ Treasury Bond 0-1yr UCITS ETF price. Each token is 1:1, backed by the underlying asset, and is freely transferable. The token is redeemable for the underlying asset’s cash value and complies with a regulatory framework based on the Swiss DLT Act. The asset’s cumulative net asset value total return year-to-date is +9.55% with $5 million assets under management.

Backed GOVIES 0-6 months EURO ensures asset integrity with its proof of reserves feature, allowing users to verify the collateral reserves on-chain independently. The asset’s pricing data is available on-chain through internal oracles and external Chainlink price feeds, enhancing its composability. Investors can build on Backed GOVIES 0-6 months EURO for their on-chain investment strategies, taking advantage of the asset’s real-world value and decentralized finance applications.