Backed GOVIES 0-6 months EURO investment grade
Token 1:1 backed by C3M.MI (ISIN FR0010754200), issued by Backed. Imported from the issuer catalogue — identity is sourced, the figures are not checked per instrument.
Retail (EU)
No KYC on secondary market · self-custody
Buy on a DEX; direct issuance only for eligible investors
Who may buy is set by the issuer — check their terms.
Price, yield or minimum: check with the provider
Our source lists what bC3M is and the security it tracks (C3M.MI), and where it is held (Ethereum / Base (+6)) — but states no price, yield or minimum for it. Left empty here rather than estimated.
Key facts
- Yield / return
- Yield accrues into the token price
- Custody
- Self-custody
- KYC
- Required for primary market
Details
- Issuer
- Backed Finance
- Type
- Tokenized security
- Category
- Tokenized Treasuries
- Pillar
- Fixed Income
- Tracks
- C3M.MI
- Underlying ISIN
- FR0010754200
- Token ISIN
- CH1173294286
- Yield source
- C3M.MI price performance
- Network
- Ethereum / Base (+6)
- Jurisdiction
- Switzerland (non-US)
Compare all providers by role →
Tokenized money market funds, compared →What kind of asset is this? All types explained →
What you actually own
Backed / xStocks · Synthetic tracker
A certificate that tracks the price
- Dividends
- Reinvested, not paid out"Dividend payouts will be automatically reinvested into more of the same token" — no cash reaches the holder.
- Voting rights
- No
- Corporate actions
- Not confirmed
- Redemption
- Not confirmedBacked describes redemption for onboarded, KYC-verified investors; we have not verified the terms for retail holders.
- If the issuer fails
- A claim on the issuer
- Transfer
- Freely transferable
- Issuing entity
- Backed Assets (JE) LimitedJersey
Kraken's own terms, quoted: holders "do not have ownership in any of the underlying stock or shares of the companies" and have "no voting rights, or distribution entitlements, or legal claims to the underlying stocks". This is the reason the programme sits outside the SEC's Innovation Exemption, which requires the same rights as the share.
Who it is aimed at
Target / Area
Retail (EU)
Where it trades: Kraken, Bybit, Solana DEXs
Who can buy — as the issuer states it
- YesEU · Retail investors
Through the venues that list it; the token itself is freely transferable. — EEA base prospectus (transferable securities)
checked 2026-09-18 · issuer-docs · source - NoUK · Retail investors
Kraken lists the UK among excluded jurisdictions, with Canada and Australia.
checked 2026-09-18 · issuer-docs · source - NoUS · Accredited investors
Not accessible to US persons, whatever the investor class.
checked 2026-09-18 · issuer-docs · source - NoUS · Retail investors
Not accessible in the US or to US persons. — Offering made outside the US (Regulation S).
checked 2026-09-18 · issuer-docs · source
Quoted from the sources linked, on the date shown. Terms change; the issuer has the final word (issuer documentation).
Questions about bC3M and Tokenized Treasuries
- Which tokenized securities exist in Switzerland?
- Which tokenized US Treasury pays the highest yield right now — and who is allowed to buy it?
- Can I buy tokenized Treasuries without KYC, straight from my own wallet on a DEX?
- How much money do I need to invest in tokenized Treasuries — is $100 enough?
- Which governments, cities and public agencies have issued digital or tokenized bonds?
Buying bC3M: common questions
How do I buy bC3M?
Buy on a DEX; direct issuance only for eligible investors. The issuer names these venues: Kraken, Bybit, Solana DEXs. The token runs on Ethereum / Base (+6).
Do I need KYC to buy bC3M?
Not on the secondary market: bC3M can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.
Who can buy bC3M?
As Backed / xStocks states it: EU, retail investors: yes (Through the venues that list it; the token itself is freely transferable); UK, retail investors: no (Kraken lists the UK among excluded jurisdictions, with Canada and Australia); US, accredited investors: no (Not accessible to US persons, whatever the investor class); US, retail investors: no (Not accessible in the US or to US persons). The issuer has the final word; check its terms before buying.
Is owning bC3M the same as owning C3M.MI shares?
No: it is a certificate that tracks the price. With Backed / xStocks, dividends are reinvested, not paid out. There are no voting rights.
More in Bond ETFs
GOVIES 0-6 months EURO investment grade is filed under Bond ETFs (ETFs & Funds). Industry: assigned by hand.
More from Backed Finance
17 instruments from this issuer are listed on TokenBank.
Read from a catalogue that states identity but no yield, minimum or risk. Those fields are empty because the source is silent on them, not because the values are zero. Yields are variable and not guaranteed. Not investment advice. © 2026 TokenBank — operated by NumericalsAI Inc. · JSON