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The Backed CSPX Core S&P 500 (ticker symbol: bCSPX) is a tracker certificate issued as an ERC-20 token. bCSPX tracks the price of the iShares Core S&P 500 UCITS ETF USD (the underlying).
The investment objective of the underlying is to deliver the net total return performance of S&P 500 index, less the fees and expenses of the fund.
bCSPX is designed to give eligible cryptocurrency market participants regulatory-compliant access to the S&P 500’s performance, whilst maintaining the benefits of blockchain technology.
The fund seeks to track the performance of an index composed of 500 large cap U.S. companies.
The Backed CSPX Core S&P 500 (ticker symbol: bCSPX) (“bCSPX”) is a tracker certificate issued as an ERC-20 token, which tracks the price of the S&P 500 Index through the iShares Core S&P 500 UCITS ETF USD. Backed Finance AG and its subsidiary Backed Assets (JE) Limited ("Backed") are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"), and BlackRock are not responsible in any way to bCSPX products. The S&P 500 Index is a product of S&P Dow Jones Indices LLC. S&P®, S&P 500®, SPX®, US 500 and The 500 are trademarks of S&P Dow Jones Indices LLC or its affiliates, S&P Global, Inc. or Standard & Poor’s Financial Services LLC, and Dow Jones Trademark Holdings LLC (all together, the "S&P Dow Jones Indices"), certain of which have been licensed and sublicensed, as applicable, for use for certain purposes by Backed. Neither S&P Dow Jones Indices nor S&P Global make any representation or warranty, express or implied, to the owners of the bCSPX or any member of the public regarding the advisability of investing in securities generally or in bCSPX particularly or the ability of S&P 500 to track general market performance. S&P Dow Jones Indices' and S&P Global’s only relationship to Backed with respect to S&P 500 is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The S&P 500 is determined, composed and calculated by S&P Dow Jones Indices without regard to Backed or the bCSPX. S&P Dow Jones Indices and S&P Global have no obligation to take the needs of Backed or the owners of bCSPX into consideration in determining, composing or calculating the S&P 500. Neither S&P Dow Jones Indices nor S&P Global is responsible for and has not participated in the determination of the prices, and amount of bCSPX or the timing of the issuance or sale of bCSPX or in the determination or calculation of the equation by which bCSPX is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices and S&P Global have no obligation or liability in connection with the administration, marketing or trading of bCSPX. There is no assurance that investment products based on S&P 500 will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. NEITHER S&P DOW JONES INDICES NOR S&P GLOBAL GUARANTEES THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF S&P 500 OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES AND S&P GLOBAL SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES AND S&P GLOBAL MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY BACKED, OWNERS OF THE bCSPX, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF S&P 500 OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES OR S&P GLOBAL BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND BACKED, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
Not for the distribution to any U.S. Person or any person or address in the United States. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.For a full list of prohibited and restricted countries and review of legal documentation, please visit https://assets.backed.fi/legal-documentation
These materials are not an offer of or an invitation by or on behalf of Backed Finance AG or Backed Assets (JE) Limited (the Company) or any other person to subscribe for or to purchase any products of the Company. These materials are for background purposes only and do not purport to be complete. No reliance may be placed for any purpose on the information contained in these materials or its accuracy or completeness. The information in these materials is subject to change.
Charts and graphs are provided for illustrative purposes. Past performance is not indicative of, and does not guarantee future results.
Please read and accept the following legal information before proceeding:
The information contained on the following web pages is not intended to solicit any financial product directly from us. Backed tokenized financial assets are not offered directly to the public and will only be offered through licensed entities. You will only be able to purchase from us Backed tokenized financial assets if you qualify as a “Qualified Investor” as detailed in the Terms and Services. In case you want to redeem tokenized financial assets issued by us, please use the following link. If you are interested in purchasing Backed tokenized financial issued by us, you will find all information, including the legal documents that govern the issuance on the following webpage.
The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended or with any securities regulatory authority of any State or other jurisdiction of the United States and (i) may not be offered, sold or delivered within the United States to, or for the account or benefit of U.S. Persons, and (ii) may be offered, sold or otherwise delivered at any time only to transferees that are Non-United States Persons (as defined by the U.S. Commodities Futures Trading Commission). The following information on this webpage may not be distributed outside of jurisdictions where prospectus will be approved and/or passported, in particular not in the United States or any other restricted jurisdiction. Important Notice: NOT available for UK Clients. The products 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. The offering or sale of the securities in certain jurisdictions may be restricted by law including because of the underlying(s). For a description of certain restrictions on offers and sales of the securities and on the distribution of this refer to the product documentation. The information does not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If the laws or regulation of a jurisdiction require that an offering of securities described herein be made by a licensed bank, securities firm or insurance company or any of its affiliates, the offering shall be deemed to be made by such other party or such affiliate on behalf of the Issuer or holders of the applicable securities in such jurisdiction. Some of the information published on this website contains forward-looking statements. Users are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Backed Assets (JE) Limited undertakes no obligation to publicly update or revise any information or opinions published on the website. Backed Assets (JE) Limited reserves the right to amend the information at any time without prior notice. Past performance is not an indication or guarantee of future performance of a Backed product or underlying asset. The value of any investment may be subject to high fluctuations and, in some circumstances, investors may not recover the original amount invested. The information contained on this website may not be considered as being a substitute for economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content of this website. An investment decision with respect to Backed tokenized financial assets must only be made on the basis of the official documents published in accordance with applicable securities laws. Users should consult their investment advisers or other advisers prior to making any decisions.
"Professional Client" as defined in article 4(3) and 5(1) of the Swiss Financial Services Act (FinSA), AND (i) a Qualified Investor according to article 2(e) of the Regulation (EU) 2017/1129 (EU-Prospectus Regulation) if located in a member country of the European Union (EU) or the European Economic Area (EEA), OR (ii) if located in any other jurisdiction, an equivalent status to the above mentioned Swiss Professional Client or EU/EEA Qualified Investor status, such as qualified / professional / accredited / classified / sophisticated investor, according to the applicable laws in the jurisdiction.
If you do not meet these requirements, please refrain from using this website.
