Backed Finance says its ecosystem brings together service providers and protocols intended to make its tokenized assets interoperable and composable across crypto and financial-market infrastructure. The company’s ecosystem page lists exchanges, blockchains, wallets, compliance providers, market makers, venture firms, banks, legal advisers, and DeFi protocols connected to its tokenized-asset products, including xStocks.

That mix reflects how tokenized real-world assets typically require more than issuance alone: trading venues and market makers support secondary liquidity, blockchains and wallets provide distribution and custody interfaces, oracles and analytics providers support data and compliance workflows, and legal, banking, and security-agent roles connect on-chain instruments to regulated financial-market processes.

Backed describes the following organizations and protocols as part of that ecosystem:

1inch is a decentralized exchange aggregator designed to help users find the best trading rates by drawing liquidity from multiple decentralized exchanges.

Aave is an open-source protocol for non-custodial liquidity markets, allowing users to earn interest by supplying assets and to borrow assets at variable interest rates.

Aerodrome Finance is a decentralized trading platform and liquidity hub for the Base blockchain.

Alchemy Pay is a payment gateway that connects crypto with traditional fiat currencies for businesses, developers, and end users. Its offerings include On & Off Ramp, Crypto Card, Web3 Digital Bank, NFT Checkout, and Crypto Payments, and it supports payments in 173 countries.

Alpaca is a developer-first API brokerage platform that supports hundreds of businesses globally. It offers stock, options, ETF, and crypto trading, real-time market data, and end-to-end brokerage infrastructure through modern APIs.

Arbitrum is a Layer 2 optimistic rollup scaling solution for Ethereum. It offers lower transaction fees and faster confirmation times while inheriting Ethereum’s security.

Assetera is one of the first regulated digital securities trading venues in the EU/EEA. It enables trading of digital securities in a DLT-system environment, uses Atomic Swaps for clearing and settlement, and supports both custodial and non-custodial models.

Avalanche is a high-performance smart contract platform known for its subnets. Each subnet can be tailored to specific needs, including customizable fees, security, and transaction speeds.

B2C2 is a peer-to-peer (P2P) cryptocurrency exchange that facilitates direct trading between individuals without an intermediary.

Base is an optimistic rollup chain built by Coinbase. It emphasizes modular design and developer flexibility, allowing custom chains to be built atop the Base network.

Bitget, established in 2018, is described as a leading cryptocurrency exchange and Web3 company. It currently serves more than 100 million users across more than 150 countries.

Blockchain Founders Fund focuses exclusively on adding value to blockchain and emerging-technology projects with real-world applications.

BNB Smart Chain, or BSC, is an EVM-compatible blockchain backed by the Binance ecosystem. It offers high throughput and low transaction fees and has attracted DeFi, NFT, and gaming projects.

Bungee Exchange is a bridge aggregator that acts as a middleman between various decentralized exchanges and bridges.

Bybit is described as a leading cryptocurrency exchange offering crypto services and product solutions tailored for retail and institutional traders. Backed says Bybit is trusted by millions worldwide and continues to refine and expand its product offerings.

Byreal is an institutional-grade liquidity layer for real-world assets, incubated by Bybit and powered by Solana.

Chainlink is a decentralized oracle network that provides secure and reliable data feeds to smart contracts on blockchains, enabling smart contracts to interact with real-world data and events.

Circle is a financial technology company focused on digital currencies and payments. It is the issuer of USDC, a stablecoin pegged to the U.S. dollar.

Coinfirm is a blockchain intelligence platform offering investigative tools and risk-assessment services to track illicit activity and support regulatory compliance in the cryptocurrency sector.

CowSwap is the first trading interface built on top of the CoW protocol. It aims to secure the best price for users by either matching them with a suitable sell order or routing the order to the best on-chain liquidity venue.

Cyber Fund partners with founders from genesis to growth stage and beyond. Its mission is to accelerate the transition to an open cybernetic economy.

Ethereum is the dominant smart contract platform and supports a broad ecosystem of decentralized applications, or dApps, across multiple sectors.

Exor Seeds invests in early-stage companies, connecting Exor to its entrepreneurial roots and long history of innovation. The team focuses on discovering founders with ambitions to build major companies.

FlowTraders is a high-frequency trading firm specializing in cryptocurrency markets. It provides liquidity and market-making services to institutional investors.

Fordefi is a financial technology and software company founded in 2021. It is described as the first and only institutional MPC wallet and security platform built for DeFi.

Gate is described as one of the top three cryptocurrency exchanges globally by real trading volume, providing secure, reliable, transparent, and authentic digital asset trading services to more than 31 million users.

Gnosis, in addition to being a chain and DAO, also invests in startups advancing blockchain technologies. Gnosis is also described as an Ethereum sidechain offering fast, low-cost transactions with stablecoin integration through xDai and community-driven governance through GnosisDAO.

Gnosis DAO is the community-driven governance body overseeing the Gnosis ecosystem, including Gnosis Chain and various prediction-market protocols.

InCore Bank AG is a Swiss B2B transaction bank serving banks, securities firms, institutional investors, and fintech companies. Its core focus is providing traditional and digital-asset banking services to those entities.

Index Coop consists of a small group of core contributors and a larger community of token holders and supporters. As a DAO, it works in decentralized finance and uses its contributor network to build simple, accessible, and secure on-chain structured DeFi products.

INX is an all-in-one digital asset listing and trading platform offering regulated security tokens and cryptocurrencies to institutional and retail investors.

Jupiter is a decentralized swap aggregator built on Solana. It helps users swap tokens quickly and with minimal slippage by routing trades across multiple DEXs, and it also offers trading apps and APIs for more advanced cryptocurrency traders.

Kamino is described as a first-of-its-kind DeFi protocol that unifies lending, liquidity, and leverage into one secure product suite. Users can borrow and lend assets, provide leveraged liquidity to concentrated-liquidity DEXs, build automated liquidity strategies, and use concentrated-liquidity positions as collateral.

Karpetkey is described as a market leader in on-chain asset management, helping crypto organizations grow their assets responsibly and sustainably.

Kraken is one of the world’s longest-standing and most secure crypto platforms. Its stated mission is to accelerate the global adoption of crypto so that everyone can achieve financial freedom and inclusion. Kraken clients globally trade more than 200 digital assets and six national currencies.

KuCoin, launched in September 2017, is a global cryptocurrency exchange with operational headquarters in Seychelles. It is a user-oriented platform focused on inclusiveness and community action reach and offers more than 900 digital assets.

LBank, founded in 2015, is a global cryptocurrency exchange serving more than 15 million registered users in more than 210 countries and regions.

Mindset is a venture capital firm focused on early-stage technology investments in the United States and Israel, providing access and connections to help founders break through.

MLL Legal is a Swiss law firm with a history dating to 1885. It focuses on high-tech, innovative, and regulated sectors.

Monerium issues EURe, described as the first fully authorized and regulated euro stablecoin.

Morpho operates MorphoBlue, a permissionless and trustless lending market.

Nonce Classic says it navigates the Web3 ecosystem with projects expected to change the world through the solidity of their communities.

OKX Wallet at web3.okx.com is a global digital-asset wallet based on decentralization principles. It primarily offers self-custody services for digital assets such as Bitcoin, Litecoin, and Ethereum to users worldwide.

Picnic is a blockchain-based decentralized investment platform that allows users to invest in digital assets in a simple and secure way without intermediaries, giving users greater control and autonomy over their investments.

Polygon is a Layer 2 sidechain scaling solution for Ethereum. It offers fast and affordable transactions while maintaining compatibility with Ethereum dApps.

PWN.xyz enables the creation of peer-to-peer loan agreements on-chain.

Scorechain is a blockchain analytics firm that provides compliance and risk-management solutions to cryptocurrency businesses and helps assess fraudulent activities.

Security Agent Service, or SAS, assumes responsibility for pledged assets in favor of investors in structured products that use the underlying portfolio of assets as collateral.

Semantic invests in new rails for data and the digital economy.

Skyline Digital is an investment marketplace focused on alternative assets tokenized on the blockchain, with the aim of unlocking broader access and liquidity.

Solana is a blockchain platform that uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL.

Solflare is described as one of the fastest-growing crypto wallets in the world. Its app has around 3 million active users per month, holding more than $16 billion in digital assets in Solflare. Its stated vision is for every person in the world to have a Web3 wallet, giving them complete control over what is truly theirs.

Sonic is a high-speed Layer 1 EVM-compatible blockchain that offers developer incentives and infrastructure, including the ability for builders to earn up to 90% of the fees their apps generate on-chain.

Stake Capital is a group run by blockchain and DeFi pioneers working at the intersection of traditional industries and blockchain technology.

Stratos invests in crypto companies.

SumSub is a Know Your Customer and Anti-Money Laundering compliance platform specializing in identity verification for cryptocurrency businesses. It offers solutions intended to support regulatory compliance and prevent fraud.

Swaps.io is a chain-abstraction framework and intent-based protocol focused on how dApps are built and distributed across blockchains.

Tether tokens are described as the most widely adopted stablecoins, having pioneered the concept in the digital-token space.

Velora is a decentralized exchange aggregator that optimizes swaps for users through better prices, limited gas fees, and lower slippage.

Veris is an early-stage venture fund backing companies innovating at the intersection of blockchain and finance.

Zeal Wallet allows users to transfer between their local currency and USDC through free, fast bank transfers. Backed says users can on-ramp or off-ramp directly from the wallet without intermediaries.

Build on Backed

Backed says xStocks are the next step in financial markets. The company says its products address common issues in a globally connected financial market, including increased accessibility and collateralized lending.

Backed states that information on its site is not intended to solicit anyone to purchase any financial product directly from the company. Tokenized financial assets are not offered by Backed or any affiliated entity directly to the public and will only be offered to “Qualified Investors.”

Backed also states that its tokenized financial assets have not been and will not be registered under the U.S. Securities Act of 1933 or with any securities regulatory authority of any state or other jurisdiction of the United States. The assets may not be offered, sold, or delivered within the U.S. to, or for the account or benefit of, U.S. Persons, and may be offered, sold, or otherwise delivered at any time only to transferees that are Non-U.S. Persons.

The website may contain advertising materials. Backed includes an important notice stating that the products are not available for UK clients and are not promoted or offered to clients based in the UK. Certain products will only be available to UK professional clients subject to prior validation of their status and approval by Backed Assets.

Backed says potential investors should read the prospectus filed with the Liechtenstein FMA before making an investment decision in order to fully understand the potential risks and rewards. It says the prospectus documents can be found through its legal documentation page at Backed adds that approval of the prospectus should not be understood as an endorsement of the products offered by any competent authority.