Instruments · Tokenized Treasuries

Backed IB01 $ Treasury Bond 0-1yr

bIB01Tokenized Treasury ETFLow

T-bill level

Yield / return

ERC-20 certificate 1:1 backed by the iShares $ Treasury Bond 0-1yr UCITS ETF; yield accrues into the token price.

Target / Area

Retail (EU)

Buy on a DEX; direct issuance only for eligible investors

Who may buy is set by the issuer — check their terms.

Go to Backed Finance ↗Trader view →

Minimum From token price on DEX · Self-custody · verify with the provider before acting

Where to buy bIB01

Open in trader view →

bIB01 is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Backed Finance — see above.

Key facts

Yield / return: T-bill level
Risk: Low
Minimum: From token price on DEX
Liquidity: Primary on business days; 24/7 on DEXs (thin)
Custody: Self-custody
KYC: Required for primary market

Details

Issuer: Backed Finance
Type: Tokenized Treasury ETF
Category: Tokenized Treasuries
Pillar: Fixed Income
Tracks: IB01.L
Underlying ISIN: IE00BGSF1X88
Token ISIN: CH1173294260
Yield source: Short-term US Treasuries (via ETF)
Network: Ethereum / Arbitrum (+4)
Jurisdiction: Switzerland (non-US)
AUM: —

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 confirmed
Backed 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) Limited
Jersey

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.

checked 2026-09-18 · issuer-docs · source

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 bIB01 and Tokenized Treasuries

Buying bIB01: common questions

How do I buy bIB01?

Buy on a DEX; direct issuance only for eligible investors. The issuer names these venues: Kraken, Bybit, Solana DEXs. The token runs on Ethereum / Arbitrum (+4). Minimum: From token price on DEX.

Where can I buy bIB01?

bIB01 is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Backed Finance.

Who can buy bIB01?

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.