
Backed HIGH € High Yield Corp Bond (bHIGH) is a tokenised tracker certificate issued as an ERC-20 token. It tracks the price of the iShares € High Yield Corp Bond UCITS ETF, which holds a portfolio of Euro-denominated high-yield corporate bonds. bHIGH is fully backed by the underlying ETF and is part of Backed Finance’s fixed-income token product range.
Backed offers two product categories: bTokens and xStocks. Both are 1:1 backed by the underlying asset. bTokens include tokenised equities and fixed-income instruments, while xStocks refer specifically to tokenised stocks.