Backed Alphabet Class A (bGOOGL) is an ERC-20 token that tracks the price of Alphabet Inc. Class A Common Stock, offering regulated blockchain-based exposure to the underlying equity for eligible participants.
Backed Alphabet Class A (bGOOGL) is a tokenised tracker certificate issued on Ethereum & EVM-Compatible (ERC-20) networks. It is designed to track the price of Alphabet Inc. Class A Common Stock (GOOGL), enabling eligible cryptocurrency market participants to access equity price exposure through blockchain infrastructure. The token reflects the performance of the underlying share without conferring ownership or shareholder rights.
Backed issues two types of tokenised financial products: xStocks and bTokens. While both are backed 1:1 by the underlying security, bTokens may include exposure to fixed income assets in addition to equities, whereas xStocks are focused solely on equity exposure.
bGOOGL is used to provide tokenised exposure to the equity performance of Alphabet Inc. Class A shares. It allows investors in digital asset markets to participate in the price movements of the underlying security while remaining within blockchain-based systems. The token may be used for portfolio diversification, access to traditional equity markets through digital wallets, or integration into decentralised financial applications, subject to eligibility and jurisdictional compliance.
Backed Alphabet Class A (bGOOGL) is issued by Backed Assets (JE) Limited. The product is tokenised by Backed Finance AG. Brokers and custodians involved in the process include Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG. Security Agent Services AG acts as the security agent.