Backed Finance

Backed Finance offers 4 tokenized RWA products with a combined TVL of $275.00M.

StocksTreasurieslow risk Audited

Backed Finance is a protocol offering 4 tokenized real-world asset products across 2 categories with a total value locked of $275M.

Total Value Locked

$275.00M

Products

Chains

Holders

44.8K

Avg. APY

4.25%

Protocol Overview

Asset	Ticker	APY	TVL	Risk	Grade	Category
bS Backed Tokenized S&P 500	$bSPY	N/A	$120.00M	medium risk	B	Stocks
bT Backed Tokenized Tesla	$bTSLA	N/A	$85.00M	medium risk	B	Stocks
bI Backed IB01 Treasury Bond Tracker	$bIB01	4.25%	$50.00M	low risk	B	Treasuries
bC Backed Core S&P 500 UCITS ETF Tracker	$bCSPX	N/A	$20.00M	medium risk	B	Stocks

Tether (TG Commodities)

2 products

Circle

2 products

Sky (MakerDAO)

2 products

Ethena Labs

1 product

Backed Finance is a protocol offering 4 tokenized real-world asset products across 2 categories with a total value locked of $275M.

Backed Finance currently offers 4 tokenized RWA products with a combined total value locked of $275.00M.

Backed Finance is available on Avalanche, Base, Ethereum, Gnosis, Polygon. Each chain may have different liquidity and gas costs.

Backed Finance has a low risk rating and a tokenomics grade of B. It is audited by null. Always do your own research before investing.

Backed Finance's products offer an average APY of 4.25%. Individual product yields vary — check each product page for current rates.

Last updated: Mar 28, 2026, 8:25 AM