Backed Finance Issues First Real-World Asset on Coinbase's Base - Tokenized U.S. Treasuries Offer 5.25% Yield

Switzerland-based Backed Finance has issued tokenized U.S. Treasuries on Coinbase's Base blockchain, marking the first real-world asset on the network.

The bIB01 token offers a 5.25% yield to qualified investors who pass KYC/AML checks; U.S. investors are restricted.

Tokenized real-world assets like government bonds are a hot trend in crypto as the market could reach $16 trillion by 2030.

U.S. Treasuries are popular for tokenization due to their high yield and low risk status; the market has grown 6x to $666 million this year.

Backed chose Base for its lower fees and developer-friendly environment, though it is interoperable with Ethereum.