Backed IB01 $ Treasury Bond 0-1yr

BIB01 Price

About Backed IB01 $ Treasury Bond 0-1yr (BIB01)

Backed IB01 $ Treasury Bond 0-1yr (BIB01) is a tokenized financial instrument that provides on-chain exposure to short-term US Treasury bonds by tracking the BlackRock iShares EB01 ETF.

• 1:1 Backing: Every BIB01 token is fully collateralized by a corresponding share of the underlying iShares $ Treasury Bond 0-1yr UCITS ETF held by a regulated custodian.
• Multi-Chain Availability: The token is issued natively on several networks, including Ethereum, Arbitrum, and Polygon, allowing for wide accessibility across decentralized finance ecosystems.
• Bankruptcy-Remote Structure: Assets are held in a segregated, bankruptcy-remote special purpose vehicle (SPV) to protect token holders from the issuer's operational risks.

What Is Backed IB01 $ Treasury Bond 0-1yr

Backed IB01 $ Treasury Bond 0-1yr is a tokenized exchange-traded product (ETP) designed to bring the stability and yield of US Treasury bonds to the blockchain. The project aims to bridge traditional finance (TradFi) and decentralized finance (DeFi) by creating a liquid, transferable digital asset that mirrors the economic performance of the iShares $ Treasury Bond 0-1yr UCITS ETF.

Value moves through the system via a minting and redemption process. Qualified investors can mint BIB01 by depositing the equivalent value of the underlying asset, and tokens can be redeemed for the cash value of the underlying shares. The token is "put to work" primarily as a low-volatility collateral asset or a yield-bearing instrument within DeFi protocols. As the ecosystem grows, the project scales by increasing the total value of assets under management (AUM) and expanding integrations with lending markets and decentralized exchanges.

What Makes Backed IB01 $ Treasury Bond 0-1yr Unique

• Regulatory Compliance: BIB01 is issued under the Swiss DLT Act, providing a robust legal framework that recognizes the tokens as securities.
• Permissionless Transferability: Unlike many institutional tokenized products, BIB01 tokens are designed to be freely transferable between wallets without platform-level restrictions.
• Proof of Reserves: The project maintains publicly verifiable proof of reserves, ensuring that the on-chain supply always matches the physical assets held in custody.
• Corporate Action Integration: The token uses an on-chain rebasing mechanism to reflect corporate actions, such as dividends, ensuring token balances always represent a 1:1 exposure to the underlying equity.

What Can You Use Backed IB01 $ Treasury Bond 0-1yr for?

Backed IB01 $ Treasury Bond 0-1yr is pegged to the US Dollar through its underlying treasury bond ETF holdings. It serves the following primary use cases:

1. Value retention: BIB01 allows users to hold a digital, on-chain representation of the US Dollar-denominated treasury bonds, which may reduce exposure to crypto-market volatility by tracking a stable, low-risk government debt instrument.
2. Yield generation: The asset provides exposure to the yield generated by short-term US Treasury bonds. Users can potentially earn this native yield by holding the token or by providing it as liquidity in decentralized lending protocols that support tokenized real-world assets.
3. Cross-border settlement / value transfer: It enables the international transfer of US Dollar-backed treasury value across borders using blockchain rails, facilitating frictionless global trade and remittances without relying on traditional banking hours.
4. Collateralization: BIB01 is designed to be used as high-quality collateral in decentralized borrowing and lending protocols, allowing users to draw liquidity against their treasury bond holdings.

How Does Backed IB01 $ Treasury Bond 0-1yr Work?

The technical mechanism of BIB01 relies on a secure custodial and smart contract architecture. When a token is issued, a regulated custodian purchases the underlying iShares ETF shares and places them in a segregated account. This account is governed by a three-party Account Control Agreement involving the issuer, the custodian, and an independent security agent.

Smart contracts on networks like Ethereum manage the minting, burning, and transfer of the tokens. The system uses an on-chain rebasing mechanism to adjust token balances in response to dividends or other corporate actions from the underlying ETF. While the token operates on various blockchains, it does not function as a native gas token; instead, transaction fees on the respective networks are paid using the native assets of those blockchains.

Team Info and Investors

Backed IB01 $ Treasury Bond 0-1yr is issued by Backed Assets, a company focused on tokenizing real-world assets. The project operates with a structured governance model that includes a bankruptcy-remote issuing entity (SPV) to ensure asset security. While specific individual founder biographies are not detailed in the primary documentation, the project has established partnerships with major industry players such as Chainlink for proof-of-reserves and various licensed custodians for asset security. The project has received support from entities within the xStocks Alliance, which includes various exchanges and DeFi protocols.

Where can you buy Backed IB01 $ Treasury Bond 0-1yr?

BIB01 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 IB01 $ Treasury Bond 0-1yr (BIB01)?

The trading volume of Backed IB01 $ Treasury Bond 0-1yr (BIB01) is $11,659.37 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Backed IB01 $ Treasury Bond 0-1yr (BIB01)?

Backed IB01 $ Treasury Bond 0-1yr (BIB01) reached an all-time high of $121.35 and an all-time low of $107.28. It’s now trading 0.00% below that peak and 13.10% above its lowest price.

What is the market cap of Backed IB01 $ Treasury Bond 0-1yr (BIB01)?

Market capitalization of Backed IB01 $ Treasury Bond 0-1yr (BIB01) is $18,888,491 and is ranked #809 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BIB01 tokens (160 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Backed IB01 $ Treasury Bond 0-1yr (BIB01)?

The fully diluted valuation (FDV) of Backed IB01 $ Treasury Bond 0-1yr (BIB01) is $18,888,491. This is a statistical representation of the maximum market cap, assuming total number of 160 Thousand ETH tokens are in circulation today.

How does the price performance of Backed IB01 $ Treasury Bond 0-1yr compare against its peers?

With a price increase of 0.10% in the last 7 days, Backed IB01 $ Treasury Bond 0-1yr (BIB01) is underperforming the global cryptocurrency market which is up 0.50%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.

How to add Backed IB01 $ Treasury Bond 0-1yr (BIB01) to MetaMask?

Adding Backed IB01 $ Treasury Bond 0-1yr (BIB01) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BIB01 as a token. You can copy BIB01’s contract address (0xca30c93b02514f86d5c86a6e375e3a330b435fb5) and import it manually, or if you've installed MetaMask's chrome extension, add BIB01 to MetaMask with one click on CoinGecko.

Add BIB01 to MetaMask.