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Backed Issued Tokenized Coinbase Stock ($bCOIN) on Base
Backed‘s tokenized Coinbase stock (bCOIN), is live on Base and is available to swap on CoW Swap with a pool on Aerodrome.
In a major step towards the future of onchain finance, Backed’s tokenized version of Coinbase stock is now live on Base and available for trading via Aerodrome. This marks another milestone in bridging traditional equity markets with the blockchain, bringing 24/7 access to tokenized securities.
bCOIN, a 1:1 backed, freely transferable tokenized representation of Coinbase stock, is now actively tradable against USDC on Aerodrome. This enables seamless, permissionless access to markets without the limitations of legacy financial infrastructure.
Key Features of bCOIN:
- 24/7 Trading via DEX pools.
- Interoperable with DeFi apps. Usage as collateral for loans, for example, is coming soon.
- Freely Transferable: Move bCOIN onchain between wallets and pools with no intermediaries.
- 1:1 Backed: Each token represents a legal claim from the issuer to the value of Coinbase ($COIN) stock and is issued under an approved EU prospectus.
“As financial markets evolve, tokenized stocks represent a fundamental shift in how equities are accessed, traded, and transferred,” said Adam Levi, Co-Founder at Backed. “Bringing our tokenized version of $COIN onchain to Base underscores our commitment to an open, decentralized financial system.”
Tokenized stocks like bCOIN enable global access to equity markets without reliance on centralized institutions. By leveraging the security and scalability of Base, traders and investors can experience a new era of onchain finance.
The $wbCOIN <> $USDC pair is live now on Aerodrome, inviting DeFi users and institutional players alike to engage with tokenized equities in a way that was never before possible.
Swap on CoW Swap and see the pool on Aerodrome.
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