bGME is an ERC-20 token that tracks the price of GameStop shares, giving crypto participants compliant onchain access to the underlying equity.
Backed GameStop (bGME) is a tokenised tracker certificate issued as an ERC-20 token. It tracks the price of GameStop Corp Class A Common Stock (the underlying). The token is fully backed by the underlying security and is part of Backed Finance’s range of tokenised equities.
Backed issues two categories of tokenised instruments: bTokens and xStocks. Both provide onchain exposure and are backed 1:1 by the underlying security. bTokens cover both equities and fixed-income instruments, while xStocks focus exclusively on equities.
bGME is designed to give eligible cryptocurrency market participants regulatory-compliant access to the stock price of GameStop Corp, while retaining the operational advantages of blockchain infrastructure. It enables token holders to gain onchain exposure to GameStop shares through a fully collateralised and tradable digital certificate.
bGME is issued by Backed Assets (JE) Limited and developed by Backed Finance AG. The token’s issuance and administration are supported by regulated service providers including Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and Security Agent Services AG.