Question 1

What is Backed Microsoft (bMSFT)?

Accepted Answer

Backed Microsoft (bMSFT) is a tokenised tracker certificate issued as an ERC-20 token. It tracks the price of Microsoft Corporation’s common stock. Each token is fully backed 1:1 by the underlying security, enabling blockchain-based access to Microsoft’s equity.

Backed offers two categories of tokenised products: **bTokens** and **xStocks**. Both provide onchain exposure to traditional financial instruments, fully backed by the underlying assets. bTokens include equities and fixed income, while xStocks specifically represent tokenised stocks. bMSFT is part of the xStocks category.

Question 2

What is Backed Microsoft (bMSFT) used for?

Accepted Answer

bMSFT provides eligible market participants with compliant, onchain exposure to Microsoft’s share price. It combines traditional financial markets access with the technological benefits of blockchain infrastructure. This token allows for greater accessibility and portfolio diversification through tokenised public equity.

Question 3

Who created Backed Microsoft (bMSFT)?

Accepted Answer

bMSFT is issued by Backed Assets (JE) Limited, a subsidiary of Backed Finance AG. The structure is supported by service providers including Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG and Security Agent Services AG.

Question 4

Token Details

Accepted Answer

- **Issuer:** Backed Assets (JE) Limited  
- **ISIN:** CH1173294344  
- **Network / Chain:** Ethereum & EVM-Compatible (ERC-20)

Question 5

Underlying Asset Information

Accepted Answer

- **Issuer:** Microsoft Corporation  
- **ISIN:** US5949181045  
- **Symbol:** MSFT  
- **Name:** Common Stock of Microsoft Corporation

Question 6

Service Providers

Accepted Answer

- **Tokenizer:** Backed Finance AG  
- **Broker:** Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG  
- **Custodian:** Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG  
- **Security Agent:** Security Agent Services AG


bMSFT	ERC20	ETH	0x374A457967Ba24FD3Ae66294cAb08244185574b0	2024-06-03
bMSFT	ERC20	XDAI	0x374A457967Ba24FD3Ae66294cAb08244185574b0	2024-09-18
bMSFT	ERC20	POL	0x374A457967Ba24FD3Ae66294cAb08244185574b0	2024-09-16
bMSFT	ERC20	ARB	0x374A457967Ba24FD3Ae66294cAb08244185574b0	2024-10-31
bMSFT	ERC20	AVAX	0x374A457967Ba24FD3Ae66294cAb08244185574b0	2024-10-09