Issuance
The issuance process allows Backed clients to get exposure to real-world securities in the form of ERC-20 Tokens (bTokens).
Check out the following videotutorial to quickly understand how to issue
How does the process work?
The Backed platform is blockchain-based, and actions (issuance or redemption of tokens) are triggered by incoming transactions from your pre-approved wallet. To Issue tokens:
Click on Issuance
Select the Chain and Network where you want to issue your bTokens
Copy the unique deposit address presented by the platform
Go to your wallet and send the appropriate stablecoin to the address presented
Backed will process your transaction: convert your stablecoins to fiat and buy the underlying securities
You can follow the status of this process on the Backed Platform
When the underlying securities are bought, Backed will send you the bTokens to the same wallet from which you sent the stablecoin payment.
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