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Frequently Asked Questions
Backed Tokens (bTokens) are ERC-20 tokens that represent the ownership of structured product units. Each token is a unit of a fully collateralized tracker certificate, which tracks the listed value of a specific traded security (the underlying) and is fully backed by that security.
Private individuals must be able to declare that they (i) hold assets of at least CHF 500,000 and have sufficient professional knowledge or experience; or (ii) hold bankable assets of at least CHF 2,000,000 ("opting-out").
Backed DOES NOT sell its tokens to U.S. persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.
Backed does not service individuals or entities from these countries:
- All African countries, except Mauritius and South Africa
- All other countries of the Commonwealth of Independent States
Backed Tokens are sold or redeemed at the price its brokers executed the trade for the underlying at the time of issuance or redemption (plus fees).
Backed Assets is committed to "Best Execution", meaning it will not trade against its customers and will pass on the price its brokers execute.