Backed S&P 500 (bCSPX)
Peers · Tokenized ETF
Description
ISSUER DOCSToken tracking the iShares Core S&P 500 accumulating ETF, issued by Backed with a MiFID II prospectus — one of the few tokenized ETFs explicitly structured for European distribution.
Buying · Q&A
5 QUESTIONSHow do I buy bCSPX?+
Buy on a DEX; primary mint for eligible investors. The issuer names these venues: Kraken, Bybit, Solana DEXs. The token runs on Ethereum / Base (+). Minimum: Fractional.
Where can I buy bCSPX?+
bCSPX is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Backed Finance.
Do I need KYC to buy bCSPX?+
Not on the secondary market: bCSPX can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.
Who can buy bCSPX?+
As Backed / xStocks states it: EU, retail investors: yes (Through the venues that list it; the token itself is freely transferable); UK, retail investors: no (Kraken lists the UK among excluded jurisdictions, with Canada and Australia); US, accredited investors: no (Not accessible to US persons, whatever the investor class); US, retail investors: no (Not accessible in the US or to US persons). The issuer has the final word; check its terms before buying.
Is owning bCSPX the same as owning CSPX.L shares?+
No: it is a certificate that tracks the price. With Backed / xStocks, dividends are reinvested, not paid out. There are no voting rights.
Where to trade
SECONDARY MARKETbCSPX does not trade on any exchange or DEX we can see. You get it from the issuer and redeem it there — see below.
Issuer · primary market
SUBSCRIBE / REDEEMBuy on a DEX; primary mint for eligible investors
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
- Yield / return
- Price + accumulating dividends
- Risk
- Medium (equity market)
- Minimum
- Fractional
- Liquidity
- DEXs; primary issuance for qualified investors
- Custody
- Self-custody
- KYC
- Required to mint
Details
- Issuer
- Backed Finance
- Type
- Tokenized ETF
- Category
- Tokenized ETFs
- Tracks
- CSPX.L
- Underlying ISIN
- IE00B5BMR087
- Token ISIN
- CH1173294237
- Yield source
- S&P 500 performance (accumulating)
- Network
- Ethereum / Base (+)
- Jurisdiction
- Switzerland / Jersey (EU prospectus)
- AUM
- Smaller