Mauve and Backed announce a partnership and launch of the first real-world asset pool on the Mauve DEX
The Mauve team is thrilled to share the news of our strategic partnership with Backed, a prominent player in the real-world asset (RWA) space. This collaboration marks an exciting milestone as we introduce the inaugural RWA pool on the Mauve DEX. The pool is set to feature Backed’s bIB01, a token representing ownership of a tracker certificate for the price of the iShares $ Treasury Bond 0–1yr UCITS ETF (the underlying), which will be paired with USDC.
This development signifies a pivotal moment for Mauve as we take a groundbreaking step towards enhancing liquidity for tokenized RWAs on-chain. Moreover, this partnership holds significant importance for Backed’s user base, offering them seamless access to immediate and actionable liquidity, elevating the overall utility and accessibility of Backed’s bTokens. We are eagerly anticipating the positive impact this collaboration will have on the DeFi landscape and the broader finance sector.
The partners are of the firm belief that enabling secondary trading within the DeFi constitutes the foundational building block for unlocking the broader efficiency and utility of on-chain RWAs. Mauve is positioned as the premier destination for on-chain RWA trading, and is committed to delivering the most comprehensive platform for investors, encompassing a wide array of RWAs. Mauve’s primary mission is to streamline and consolidate on-chain RWA trading, empowering tokenized asset holders to source liquidity with ease.
Together, Mauve and Backed will continue to work toward the vision of building a more efficient capital market on-chain.
Mauve & Violet
Mauve is the first fully compliant non-custodial Exchange (DEX). It introduces a unique platform designed for compliance and trading real-world assets, prioritizing both trustless transactions and adherence to regulations. Mauve is the first application built on top of VioletID, a fully programmable layer that provides reusable privacy-preserving on-chain compliance.
Learn more about Mauve at www.mauve.org and by following us on Twitter.
Mauve is not currently available to users in the United States. Please review Mauve’s Terms of Use for additional information on eligibility to use the service: https://www.mauve.org/terms-of-use.
Backed
Backed is a Swiss start-up bridging real-world assets on-chain. Backed issues on-chain tokens that track the value of real-world assets, such as stocks or ETFs. Tokens are freely transferable across wallets, are fully collateralized by the underlying asset, and are issued in compliance with the Swiss DLT act.
Learn more about Backed at backed.fi and by following us on LinkedIn and Twitter.
Backed’s products are only sold directly to qualified investors and licensed resellers. Backed’s tokens are not offered, sold or delivered within the United States, or for the account or benefit of U.S. Persons.
For a full list of prohibited and restricted countries and review of legal documentation, please visit https://www.backedassets.fi/legal-documentation
The Backed Assets bIB01 (ticker symbol: bIB01) is a tracker certificate issued as an ERC-20 token, which tracks the price of the iShares $ Treasury Bond 0–1yr UCITS ETF. Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates (“BlackRock”). BlackRock is not responsible in any way to bIB01 products.
