Backed GOVIES 0-6 Months Euro Investment Grade Markets
About Backed GOVIES 0-6 Months Euro Investment Grade
bC3M is a tokenised tracker on Eurozone short-term government bonds, offering onchain access to sovereign debt instruments through a fully backed ERC-20 certificate.
Backed GOVIES 0–6 Months Euro Investment Grade (bC3M) is a tokenised tracker certificate issued as an ERC-20 token. It tracks the price of the Amundi ETF GOVIES 0–6 Months EUROMTS Investment Grade UCITS ETF, which aims to replicate the FTSE Eurozone Government Bill 0–6 Month Capped Index. The token is fully backed by the underlying asset and provides onchain exposure to short-term Eurozone government debt.
Backed issues two categories of tokenised instruments: bTokens and xStocks. Both are backed 1:1 by the underlying security. bTokens cover equities and fixed-income products, whereas xStocks focus solely on equities.
bC3M is designed to give eligible cryptocurrency market participants regulatory-compliant access to the performance of Eurozone government bills, while maintaining the benefits of blockchain technology. It enables onchain exposure to a basket of short-maturity sovereign debt from Eurozone countries through a fully collateralised structure.
The underlying index includes investment-grade Euro-denominated sovereign bonds with maturities between 0 and 6 months, offering a short-duration fixed-income exposure designed for low interest-rate sensitivity.
bC3M is issued by Backed Assets (JE) Limited and developed by Backed Finance AG. It is supported by a range of institutional service providers including Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG for brokerage and custody, and Security Agent Services AG to oversee asset backing.