A few days ago, Backed finance announced the launch of the tokens Coinbase stock (bcoin) And S&P 500 (BCSPX) On the Avalanche C-Chain network.
Thanks to these tokens, Defi users can be able to get exposure to chains to both the S&P500 and Coinbase.
The new tokens of supported finances on Avalanche: BCOIN (Coinbase) and BCSPX (S&P 500)
Bcoin is nothing more than a sign that The shares of Coinbase on-chain tokenize.
Coinbase is a company that has been listed on the stock exchange with the Ticker Munt since 2021, and thanks to the BCIN tucking it will be possible to obtain indirect exposure to the stock market performance of the Coinbase stock market. It is also definitely one of the largest crypto companies in the world on the stock exchange.
BCSPX, on the other, Tokenizes The S&P 500 IndexThat is the most important benchmark of the US stock market.
The Standard & Poor 500 index was made by Standard & Poor’s in 1957 and follows the performance of a stock basket consisting of the 500 largest American companies through market capitalization.
The aim of this double launch is to bridge the gap between traditional finances and Defi.
Backed Finance and the RWA Revolution on Avalanche
Backed finance creating a accessible, efficient and transparent Financial ecosystem.
This is a company that creates a platform for the tokenization of real-world assets (Rwa))special shares, indices, ETFs and bonds, To make them available on blockchain.
The tokens created by supported financing to Tokenize RWA (real world assets) collateral 1: 1 With the underlying assets, as a supported financial financing, one unit of each actively purchased for every RWA -Token purchases.
Such tokens are called btokeAnd they are transferable EVM Blockchain (Ethereum Virtual Machine) that must be used in Defi applications. Moreover, they are designed to be composed with other Defi protocols.
Backed Finance also works in accordance with the Swiss laws for the issue of security sticks, and its platform ensures an easy repayment of BToken in Stablecoins such as USDC.
Avalanche: the network for the tokenization of RWAS
The launch of BCSPX And Bcoin On Avalanche, a systemic step wants to be in the direction of the regular acceptance of tokenized effects.
In fact, the presence of these tokens on Avalanche opens a series of possibilities for Defi users.
First of all, the indirect exposure to the S&P 500 And to stock Coinbase At the chain.
However, it also makes improved yield options possible, because users can also offer liquidity in addition to just retaining these tokens Pharaohexchange And earn an extra yield from the Avalanche stimulation program.
In addition, CCIP, BCSPX and BCOIN, thanks to Chainlink CCIP, can easily be connected and exchanged with other chains, such as basic and gnose chain, and this interoperability also makes it possible to take advantage of arbitration options and access to possible deeper liquidity pools.
This cross-chain functionality is achieved thanks to the supported bridge driven by Chain link ccip or by aggregators such as Bungee, Jumper and Swaps.io.
Finally, the BCSPX and BCIN -Pools on Pharaohexchange improve the liquidity of the tokens, making it easier for users to buy and sell without significant price tissue.
The future of Defi
The tokenization of the S&P500 and Coinbase shares unlocks various Defi applications.
Now, for example, users can easily diversify their crypto portfolios with exposure to the US stock market, or use their BToken as collateral when borrowing protocols to gain access to capital without selling their equity. They can also use them to create synthetic assets, further expand the potential of the Defi -Ecosystem.
This is why this launch is a systemic step in the direction of the regular acceptance of Tokenized Activa.
