
Backed Finance operates as a financial infrastructure company focused on bringing publicly traded equities and ETFs onto blockchain rails through its flagship xStocks product line. These assets are structured as fully collateralized, 1:1 tokenized tracker certificates issued by Backed Assets (JE) Limited, a Jersey-based special purpose vehicle. By utilizing a formal legal framework, the company enables traditional financial assets to function within decentralized finance ecosystems, offering 24/7 transferability and fractional ownership. The platform supports multiple blockchains, including Base and Polygon, allowing users to integrate familiar blue-chip stocks into crypto-native wallets and protocols. Beyond consumer-facing products, Backed provides institutional tokenization services to bridge the gap between traditional capital markets and onchain environments. The company has evolved its branding from early 'bTokens'—such as bCOIN, bNVDA, and bTSLA—to the consolidated xStocks identity as of mid-2025. This strategic shift emphasizes the creation of programmable, integrable financial assets that maintain the economic exposure of their underlying real-world counterparts.
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