Backed launches a first-ever private equity token
Wollerau, Switzerland, March 21, 2022 (GLOBE NEWSWIRE) — Today, the stock market is the face of the financial industry and is subject to corrections that disrupt the investments and goals of individuals and companies. However, companies like Backed have entered the market to protect investors from future corrections and losses.
With its alternative investment ecosystem powered by blockchain technology, Backed aims to reallocate global funds away from the stock market and into futuristic investments such as decentralized private equity. The company has launched a blockchain-based decentralized private equity fund to support investors and companies with strategic and financial backing and high-performing asset class placements.
What is backed up?
It supports a community of like-minded individuals who use scientific means to calculate optimal mixes between asset classes (digital assets and private equity) to maximize returns for their investors. The entire ecosystem is built on blockchain support and is working on a rewards-based system for individual contributions.
The company also aims to provide security and privacy with frameworks for compliance models and regulatory bodies. In addition, the company aims to eliminate problems such as tax manipulation and money laundering with its futuristic approach, promote a transparent and reliable monetary system in the future, and establish a new investment trend. Backed has also launched its ERC1400 security standard based private equity token BACD.
Benefits of the secured ecosystem
The P2P (peer-to-peer) private equity ecosystem aims to eliminate third-party interference and ensure end-to-end growth for individuals and companies. This unique high-yield investment option offers the following features:
Backed offers processing speeds of a few seconds compared to the current (2 to 3 days) processing time.
BACD tokens are highly programmable and use smart contracts, ultimately reducing compliance overhead through automation.
The digital token enables global trading via the Internet.
24x 7x 365 tradability
Backed does not limit trading to market hours and offers ultimate trading flexibility.
100 percent transparency
The blockchain application guarantees transparent transactions and offers ultimate privacy and security.
The alternative investment ecosystem offers voting options, automated dividend payouts, and other programmable features using smart contracts.
All blockchain transactions are immutable and provide the proper infrastructure for recording security ownership.
Elimination of accounting and legal costs reduce transaction fees.
Private equity tokenization eliminates transfer friction and incompatibilities between classes.
BACD tokens and tokenomics
BACD is a security-like token that can act as a utility token for exchanges and payments, and represents private equity ownership. Its design is based on the ERC1400 security token design standard. The token will work towards the fractionation, digitization and storage of assets and the value of the investment portfolio.
The token comes with a 12-month blocking period for founders and advisors, facilitating the fair distribution of a total of 1 billion tokens for pre-sale and global launch.
Backed will support global companies with blockchain solutions and shift their stock portfolios into digital assets. Their ultimate goal is to bring about global change with the support of the fintech industry. The company is currently working to list BACD on selected exchanges. In the upcoming phases, the company will update and revamp its portfolio and technology for optimization, initiate a global launch and allow listing on multiple exchanges.
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