Kup Backed GOVIES 0-6 months EURO (BC3M) w Malaysia

Backed GOVIES 0-6 months EURO, also identified by its ticker symbol bC3M, is a digital token operating as a tracker certificate. It is issued as an ERC-20 token, a standard for tokens on the Ethereum blockchain. The primary function of bC3M is to track the performance of the Amundi ETF GOVIES 0-6 Months EUROMTS Investment Grade UCITS ETF. This underlying ETF aims to replicate the performance of the FTSE Eurozone Government Bill 0-6 Month Capped Index. This index specifically measures the performance of short-term government bonds from various Eurozone countries, with maturities ranging from zero to six months. The project behind bC3M, Backed, focuses on bringing real-world assets (RWAs), such as ETFs, onto blockchain networks. The design of bC3M allows eligible cryptocurrency market participants to gain access to the performance of Eurozone Government bills, leveraging the advantages of blockchain technology while maintaining regulatory compliance. Backed issues these tokens, referred to as bTokens, as permissionless digital representations of structured products. These bTokens are designed to be fully backed by their underlying assets, which are held by Swiss third-party custodians. Furthermore, they are structured as bankruptcy-remote book-entry securities. Backed, incorporated in Switzerland in 2021, launched its initial tokenized product on Ethereum in early 2023 and now facilitates issuance and redemption across multiple blockchains. The utility of bC3M allows users to access low-risk yields without needing to go through traditional financial onboarding processes or converting cryptocurrency to fiat currency. It is important to note that these tokens are not offered or marketed in the U.S. or other restricted jurisdictions. Dowiedz się więcej