Data as of Jul 25, 2026 · Based on 2,718,867 AI responses across 9,511 prompts · See how Parse measures this
Backed Finance tokenizes stocks and ETFs as onchain assets called xStocks, which are 1:1 backed by underlying securities held by third-party custodians. These tokens are freely transferable, composable with DeFi protocols, and operate under a Swiss DLT regulatory framework.
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Accessing synthetic or compliant tokenized representations of traditional stocks on-chain.
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Excerpts where Backedappeared in the AI's answer

Backed Finance offers fully backed, tokenized assets that comply with European regulations.

Backed provides tokens that track the price of real-world stocks, such as Apple or Tesla, 1:1 backed by the underlying shares and held in custody.