BCSPX Backed CSPX Core S&P 500 Rank #646

Backed CSPX Core S&P 500 (BCSPX) is a tokenized asset issued by Backed Finance, a Swiss company incorporated in 2021 that specializes in bringing real-world assets onto blockchain rails. The token functions as a tokenized tracker certificate designed to reflect the net total return performance of the iShares Core S&P 500 UCITS ETF, less applicable fees. Each BCSPX unit is intended to maintain a one-to-one backing by the corresponding underlying securities, which are held by independent third-party custodians in Switzerland. The instruments are structured as bankruptcy-remote book-entry securities, separating the token holdings from the issuer's broader balance sheet. BCSPX belongs to the category of tokenized stocks and real-world assets, operating across multiple blockchain networks including Ethereum, BNB Chain, Avalanche, Polygon, Gnosis Chain, Arbitrum, Base, and Sonic. Holders can keep their exposure to U.S. equity benchmarks entirely on-chain, bypassing traditional onboarding steps and avoiding the need to convert crypto holdings to fiat. The tokens are also integrated with decentralized finance protocols such as Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry, where they can be used as collateral or to support on-chain yield strategies.