About
Backed Finance is a Swiss issuer of tokenized securities, including bIB01 (short-term Treasury ETF tracker) and the xStocks suite of tokenized equities (e.g. AAPLx, TSLAx) distributed via exchanges like Kraken and Bybit. It issued the first tokenized security on Base.
Key products
Chains
Related companies
ADDX
Tokenized private market exchange for accredited investors
ADDX is a Singapore-headquartered private market exchange that uses blockchain to tokenize and fractionalize private equity, private credit, hedge funds, bonds and unicorn funds, lowering minimums from around USD 1 million to USD 20,000. Licensed by MAS as a recognised market operator with a capital markets services and custody license, it serves accredited investors across 50+ countries.
Anemoy
On-chain tokenized US Treasury fund issuer
Anemoy is a tokenized real-world-asset fund issuer founded in 2023 by Martin Quensel and Anil Sood, building fully on-chain funds on Centrifuge's blockchain. Its flagship product, now the Janus Henderson Anemoy Treasury Fund (JTRSY) managed in partnership with Janus Henderson Investors, invests in short-term US Treasury bills and has grown to hundreds of millions in assets. JTRSY received an AA+f/S1+ rating from S&P Global, the highest assigned to a tokenized fund.
Ant Digital Technologies
Ant Group's blockchain arm for RWA tokenization-as-a-service
Ant Digital Technologies is the blockchain subsidiary of Ant Group, operating the AntChain platform and a full-stack DT Tokenization Suite for real-world asset issuance. It has tokenized over $8B in energy and infrastructure assets, launched the Anvita platform for AI-agent payments using stablecoins, and is pursuing stablecoin licenses in Hong Kong, Singapore and Luxembourg alongside a USDC integration with Circle.
Anzen Finance
Issuer of USDz private-credit-backed stablecoin
Anzen Finance issues USDz, a stablecoin backed by a diversified portfolio of tokenized private credit assets, with sUSDz as the staked yield-bearing version. Backed by Circle Ventures, Mechanism Capital and Frax. USDz experienced a depeg episode that pressured the protocol.
Apollo Global Management
Asset manager bringing private credit on-chain for yield reserves
Apollo Global Management is a leading alternative asset manager whose tokenized fund (ACRED, via Securitize) and credit strategies are used as on-chain reserve and collateral assets, positioning it among institutional asset managers backing yield-bearing dollar products.
Archax
FCA-regulated digital-asset exchange and tokenizer
Archax is a UK FCA-regulated digital-securities exchange, broker and custodian that tokenizes and distributes institutional funds (including money-market funds from abrdn, BlackRock and Fidelity International). It bridges traditional finance and on-chain RWA markets.