Backed Finance Tokenizes Treasury Bond ETF on Coinbase's Base Network – Defi Bitcoin News
October 8, 2023
Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares short-term Treasury bond ETF.
Tokenizing U.S. Bonds on Coinbase’s L2
According to Backed Finance’s…