Data as of Sep 26, 2026 · Based on 4,029,442 AI responses across 13,338 prompts · See how Parse measures this
Backed Finance brings tokenized stocks and ETFs (xStocks) to blockchain rails, enabling on-chain access to real-world assets and trading across multiple venues. Each xStock token is 1:1 backed by the underlying asset, held by licensed custodians, redeemable for the asset’s cash value, and issued under a compliant regulatory framework (Swiss DLT act). The company provides an xStocks Dashboard for product information, proof-of-reserves, and the xStocks bridge, and is building a DeFi ecosystem with multichain support and interoperability with leading DeFi protocols.
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Ethereum DeFi Investment Tokens →wstETH is the top alternative to
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Excerpts where Backed appeared in the AI's answer
Backed Finance – Based in Switzerland, Backed issues permissionless, compliant tracker tokens
Backed Finance: Issues smart-contract-based tokens (such as xStocks) that track the value of mainstream equities and ETFs.
Excerpts where Backed appeared in the AI's answer
Backed Finance specializes in issuing permissionless, fully collateralized ERC-20 token wrappers
Excerpts where Backed appeared in the AI's answer
Backed/xStocks: important infrastructure precedent for tokenized stocks and ETFs