From Investing.com: 2024-04-30 09:00:53

Backed Finance AG raises $9.5 million in Series A funding led by Gnosis. Funds will enhance private tokenization offerings, connecting asset managers with blockchain tech. Protocol introduces tokenized government bond on Base network, creating bTokens used for stablecoin collateral and real-world yield vaults. Backed aims to bridge traditional and decentralized finance.

Read more at Investing.com: Backed Finance AG raises $9.5 million to expand tokenization services By Investing.com