Backed GameStop CorpbGME
Backed GameStop Corp (bGME) is a token tracking GME shares, backed by dedicated collateral, issued by Backed Finance through Backed Assets (JE) Limited, and distributed through Backed Finance AG with Maerki Baumann & Co. AG and InCore Bank AG as broker. The underlying security is listed in the consumer discretionary sector in North America. Each token tracks one underlying share, entitles holders to dividends, which are distributed as additional tokens, carries no voting rights, and carries an annual fee of 0.25%. The collateral assets are held by Maerki Baumann & Co. AG and InCore Bank AG in accounts segregated from the issuer's own funds. Retail investors, professional investors, and qualified investors LI and CH can mint and redeem directly with Backed Finance in CHF after completing KYC, and holders have a right to redeem at net asset value with two-to-five-business-day settlement. Residents of jurisdictions under applicable sanctions, the United States, Afghanistan and other jurisdictions the issuer restricts cannot mint or redeem with Backed Finance. Backed Assets (JE) Limited is incorporated in Jersey, is offered under an SEC Regulation S exemption, is offered under an EU-approved prospectus, is issued under Jersey Financial Services Commission consent, and is supervised by the Financial Market Authority Liechtenstein and the Jersey Financial Services Commission. Holder terms are governed by the law of Jersey. bGME has been issued on public blockchains since July 2024 and is native to 7 networks, including Ethereum, Polygon, Gnosis, Avalanche, Arbitrum One, and Solana.