cryptonews
2023-10-06 20:50:00

Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. Culled from BlackRock's iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01. It represents a tokenized short-term US Treasury bond ETF, allowing investors to monitor the underlying asset's value without the need for direct exposure to it.... Read More: Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.