Tokenized Coinbase Stocks Are Coming to Polygon Thanks to Backed Finance - Decrypt
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Tokenized Coinbase Stocks Are Coming to Polygon Thanks to Backed Finance
Backed Finance has integrated Chainlink’s price feeds, onboarding a suite of tokenized assets to six different blockchains.
By Liam J. Kelly
Aug 8, 2023
2 min read
Backed Finance is a DeFi project working in the tokenization
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Summary
Backed Finance, a DeFi project focused on tokenization, has integrated Chainlink's price feeds and is launching its tokenized assets on multiple blockchains, including Polygon. The project aims to bring traditional assets like stocks and bonds onto the blockchain. Backed Finance initially launched on Ethereum but is now expanding to other networks, with BNB Chain, Polygon, Gnosis, Avalanche, Fantom, and Arbitrum included in the launch. The project plans to support additional networks in the future. Some of the tokenized assets offered by Backed Finance include a tokenized version of Coinbase's COIN stock, an S&P 500 index fund, and tokenized bond offerings.
Top Highlights
- Tokenized Coinbase Stocks Are Coming to Polygon Thanks to Backed Finance Backed Finance has integrated Chainlink’s price feeds, onboarding a suite of tokenized assets to six different blockchains. By Liam J. Kelly Aug 8, 2023 2 min read Backed Finance is a DeFi project working in the tokenization space. Image: Backed Finance. After Backed Fi...
- Backed Finance has integrated Chainlink’s price feeds, onboarding a suite of tokenized assets to six different blockchains.
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