Backed Alphabet Class AbGOOGL
Backed Alphabet Class A (bGOOGL) is a token tracking GOOGL shares, backed by dedicated collateral, issued by Backed Finance through Backed Assets (JE) Limited, and distributed through Backed Finance AG with Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG as broker. The underlying security is listed in the information technology sector in North America. Each token tracks one underlying share, entitles holders to dividends, which are reinvested into the token, carries no voting rights, and carries an annual fee of 0.25%. The collateral assets are held by Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and GTN Europe Financial Services Limited in accounts segregated from the issuer's own funds. Professional investors, qualified investors, and retail investors worldwide can mint and redeem directly with Backed Finance 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, and is issued under Jersey Financial Services Commission consent. Holder terms are governed by the law of Jersey. bGOOGL has been issued on public blockchains since September 2024 and is native to Polygon, Avalanche, Gnosis, Arbitrum One, Ethereum, and Base.