EUR / tokenized government debt

bC3M · issued by Backed Finance AG. unverified

The terms

Issuer

Backed Finance AG

Jurisdiction

Switzerland

Chains

Ethereum, Polygon, Base

Contracts

Ethereum 0x2f123cf3f37ce3328cc9b5b8415f9ec5109b45e7 explorer

Yield basis

No stated APY. It is a tracker certificate: return is the total return of the Amundi ETF GOVIES 0-6 Months EUROMTS Investment Grade UCITS ETF, reflected in NAV. RWA.xyz shows NAV $145 with a +0.62% move over 30 days, which is a price change, not an annualised yield, and I will not annualise it. source

Size

$9.94M source

Minimum

Not confirmed.

Who may hold it

Not confirmed at source. Backed's own site (backed.fi, www.backed.fi, docs.backed.fi) could not be fetched, see gaps. Backed products have historically been restricted to non-US professional investors, but I could not verify this for bC3M and am not asserting it.

Redemption

RWA.xyz states daily subscription and redemption processes are available. Precise cut-offs and settlement timing not confirmed at source. source

Cost to enter

0% management fee, 0% performance fee, 0.20% subscription fee and 0.20% redemption fee per RWA.xyz. Gas on Ethereum. Not confirmed at issuer.

Transferability

Not established. No issuer document or explorer we could read says whether this token can be transferred, so we cannot tell you whether you would be able to hold it.

Secondary liquidity

Not established. Ethereum holds essentially all supply (68,426 tokens); RWA.xyz shows 0.00 supply on Polygon and no Base supply data.

What we think you should know

Sources

• https://app.rwa.xyz/assets/bC3M
• https://eth.blockscout.com/token/0x2f123cf3f37ce3328cc9b5b8415f9ec5109b45e7
• https://phantom.com/tokens/ethereum/0x2f123cf3f37ce3328cc9b5b8415f9ec5109b45e7

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