Backed founder on the future of asset tokenization

Backed, a Swiss company co-founded by Adam Levi, issues ERC-20 tokens that track the value of real-world assets such as stocks and bond ETFs, and it chose Switzerland because of the Swiss DLT Act. In an interview series, Levi said the tokens are freely transferable, fully collateralized by the underlying assets, and issued in compliance with Swiss regulation. Its flagship product, bIB01, tracks the iShares IB01 ETF, and Backed issues and redeems tokens at net asset value plus a small fee, with oracles such as Chainlink supplying the price on-chain. Levi said the Swiss DLT Act adds distributed ledgers as a method of registering asset ownership and does not address privacy.