Backed Finance Launches Tokenized BlackRock Bond ETF on Base Layer-2, Eyes Tokenizing More Assets
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Backed Finance launched a tokenized version of a BlackRock government bond ETF on Base layer-2 network.
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The tokenized ETF has the ticker blBO1 and converts the iShares short-term U.S. Treasury ETF.
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Backed aims to tokenize anything held in a bank account - equities, commodities, art, collectibles.
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Base network interested in adding RWAs (real world assets) and supporting builders/developers.
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For now, U.S. investors blocked from trading Backed's tokenized offerings.
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2023/08/backed-finance-gID_7.jpg)