bHIGH is an ERC-20 token that tracks the price of a Euro-denominated high-yield bond ETF. It gives crypto market participants onchain access to corporate bond exposure through a fully collateralised instrument.
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.
bHIGH provides regulatory-compliant, onchain exposure to Euro-denominated high-yield corporate bonds. It allows eligible market participants to gain access to fixed-income assets using blockchain-based infrastructure. Through bHIGH, investors can access a broad portfolio of sub-investment grade corporate bonds across multiple sectors, tokenised into a transferable ERC-20 format.
bHIGH is issued by Backed Assets (JE) Limited and developed by Backed Finance AG. The instrument is supported by regulated service providers including Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and Security Agent Services AG.