bCOIN provides a 1:1 backed, freely transferable representation of Coinbase stock which is available for trading on the Base network.
Backed, an onchain tokenised securities issuer, recently launched its tokenised Coinbase stock (bCOIN) on Base network.
bCOIN is backed in a 1:1 ratio, and is a freely transferable tokenised representation of Coinbase stock. The asset is available to swap on CoW Swap, and is is actively tradable against USDC on Aerodrome.
Key Features of bCOIN includes 24/7 trading via decentralised exchange (DEX) pools, its ability to be collateralised for loans, and is freely transferable between wallets and pools with no intermediaries. Each token also represents a legal claim from the issuer to the value of Coinbase (COIN) stock and is issued under an approved EU prospectus.
“As financial markets evolve, tokenised stocks represent a fundamental shift in how equities are accessed, traded, and transferred,” said Adam Levi, Co-Founder at Backed. “Bringing our tokenised version of $COIN onchain to Base underscores our commitment to an open, decentralised financial system.”
