Backed GOVIES 0-6 months EURO

BC3M Price

About Backed GOVIES 0-6 months EURO (BC3M)

Backed GOVIES 0-6 months EURO is a tokenized tracker certificate that provides on-chain exposure to a diversified portfolio of short-term Eurozone government bonds.

• The token tracks the price of the Amundi ETF Govies 0-6 Months EuroMTS Investment Grade UCITS ETF, an exchange-traded fund focused on high-quality sovereign debt.
• Every token is 1:1 backed by the underlying asset held by licensed Swiss third-party custodians, ensuring the digital asset remains fully collateralized.
• The project operates under a compliant legal framework based on the Swiss DLT Act, which recognizes ledger-based securities as legally enforceable ownership.

What Is Backed GOVIES 0-6 months EURO

Backed GOVIES 0-6 months EURO (BC3M) is a blockchain-native representation of a traditional financial instrument. It functions as a bridge between the regulated bond market and decentralized finance, allowing users to hold and transfer exposure to Eurozone government bonds without leaving the blockchain ecosystem. Value moves through the system by tracking the Net Asset Value (NAV) of the underlying Amundi ETF, which is composed of investment-grade government bonds with maturities between zero and six months.

As an application utility token, BC3M is designed to be "put to work" within decentralized protocols. It can be used for liquidity provisioning, as collateral in lending markets, or as a low-volatility component in structured financial products. This utility allows users to earn sustainable yields derived from traditional fixed-income markets while maintaining the benefits of on-chain transparency and 24/7 availability. The system scales by integrating with a growing network of DeFi protocols that utilize these real-world assets to provide diversified, low-risk options for capital management.

What Makes Backed GOVIES 0-6 months EURO Unique

• 1:1 Backing: Unlike synthetic assets, each BC3M token is fully collateralized by the physical underlying ETF shares held in segregated accounts.
• Bankruptcy Remoteness: The tokens are issued as bankruptcy-remote book-entry securities, meaning the underlying collateral is legally protected from the issuer's financial liabilities.
• Swiss DLT Compliance: The project utilizes the Swiss DLT Act to provide a robust legal foundation that equates on-chain token transfers with the legal transfer of security ownership.
• Permissionless Transferability: While issuance and redemption require a verified process, the tokens themselves are freely transferable across compatible wallets and protocols without technical whitelisting restrictions.

What Can You Use Backed GOVIES 0-6 months EURO for?

• DeFi Collateral: Use BC3M as backing for borrowing and lending within protocols like Gnosis or Angle to unlock capital while maintaining exposure to bond yields.
• Yield Generation: Access the returns of investment-grade government debt directly on-chain, providing a stable alternative to volatile crypto-native yield sources.
• Portfolio Diversification: Incorporate a low-volatility, Euro-denominated tokenized asset into a digital portfolio to reduce overall market correlation.
• On-chain Treasury Management: Enable decentralized autonomous organizations (DAOs) and protocols to manage their reserves using traditional fixed-income instruments.

How Does Backed GOVIES 0-6 months EURO Work?

Backed GOVIES 0-6 months EURO operates as an ERC-20 token deployed across multiple networks, including Ethereum, Polygon, and BNB Chain. The issuance process involves a regulated asset manager purchasing the underlying ETF shares, which are then safeguarded by a licensed third-party custodian. Once the collateral is secured, the corresponding amount of BC3M tokens is minted and delivered to the user.

The token employs a rebasing mechanism to ensure that its on-chain balance accurately reflects corporate actions such as dividends or stock splits from the underlying ETF. This automation ensures that holders maintain a constant 1:1 exposure to the equity without requiring manual adjustments. Transactions involving the token incur standard network fees, which are paid to the host blockchain, while the issuer may charge protocol service fees for the minting and redemption of the assets.

Team Info and Investors

Backed Finance was incorporated in 2021 in Switzerland, choosing the jurisdiction for its clear regulatory framework regarding ledger-based securities. The project was co-founded by Adam Levi, Roberto Klein, and Yehonatan Goldman, who brought prior experience in the cryptocurrency and financial technology sectors. The company operates as a Swiss-based fintech firm with a focus on institutional-grade Real World Assets. While the project has not disclosed a traditional list of venture capital investors in its primary documentation, its ecosystem includes prominent partners and users such as Gnosis, Angle Protocol, and Aragon.

Where can you buy Backed GOVIES 0-6 months EURO?

BC3M tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Backed GOVIES 0-6 months EURO (BC3M)?

The 24 hour trading volume of Backed GOVIES 0-6 months EURO (BC3M) is $0 which signals a drop in market activity. If you own BC3M tokens, liquidity of the token is likely to be low. Proceed with caution. You may explore CoinGecko’s list of most traded cryptos for coins with higher liquidity.

What is the highest and lowest price for Backed GOVIES 0-6 months EURO (BC3M)?

Backed GOVIES 0-6 months EURO (BC3M) reached an all-time high of $151.45 and an all-time low of $122.94. It’s now trading -7.90% below that peak and 13.50% above its lowest price.

What is the market cap of Backed GOVIES 0-6 months EURO (BC3M)?

Market capitalization of Backed GOVIES 0-6 months EURO (BC3M) is $9,544,124 and is ranked #1225 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BC3M tokens (68 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Backed GOVIES 0-6 months EURO (BC3M)?

The fully diluted valuation (FDV) of Backed GOVIES 0-6 months EURO (BC3M) is $9,544,124. This is a statistical representation of the maximum market cap, assuming total number of 68.426 Thousand ETH tokens are in circulation today.

How does the price performance of Backed GOVIES 0-6 months EURO compare against its peers?

With a price decline of -1.50% in the last 7 days, Backed GOVIES 0-6 months EURO (BC3M) is outperforming the global cryptocurrency market which is down -6.10%, while outperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -3.50%.

How to add Backed GOVIES 0-6 months EURO (BC3M) to MetaMask?

Adding Backed GOVIES 0-6 months EURO (BC3M) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BC3M as a token. You can copy BC3M’s contract address (0x2f123cf3f37ce3328cc9b5b8415f9ec5109b45e7) and import it manually, or if you've installed MetaMask's chrome extension, add BC3M to MetaMask with one click on CoinGecko.

Add BC3M to MetaMask.