Backed ERNA $ BondPrice

(BERNA)

bERNA is an ERC-20 tracker certificate providing eligible crypto market participants with regulatory-compliant access to US Dollar-denominated corporate bond performance. It tracks the price of the iShares $ Ultrashort Bond UCITS ETF USD (Acc.), essentially bringing traditional bond market exposure to blockchain, leveraging the transparency and efficiency of Web3 while adhering to compliance standards for broader participation.

The bERNA token directly tracks the iShares $ Ultrashort Bond UCITS ETF USD (Acc.). This ETF, in turn, is designed to mirror the performance of an index consisting of US Dollar-denominated investment-grade corporate bonds. This mechanism ensures that bERNA's value reflects the fluctuations and returns of a diversified portfolio of short-maturity corporate debt instruments.

Investors gain diversified exposure to short-maturity, US Dollar-denominated corporate bonds, including both fixed and floating-rate instruments. This offers direct investment into a broad range of sectors like industrials, utilities, and financial institutions, without needing traditional brokerage accounts. Additionally, bERNA leverages blockchain technology, providing benefits such as enhanced transparency, liquidity, and fractional ownership within the digital asset ecosystem.

bERNA tokens are available as ERC-20 standard tokens on the Ethereum network. Furthermore, they are designed to be compatible with other EVM-compatible chains, expanding their reach within the blockchain ecosystem. For broader accessibility, bERNA is also available on the Solana blockchain as an SPL token, catering to users of different high-throughput networks.

No, Backed explicitly prohibits the sale of its tokens to U.S. Persons or for their account or benefit. The tokens are neither marketed, offered, nor solicited within the U.S. or any other jurisdiction where such activities are prohibited. This restriction is crucial for maintaining regulatory compliance and differentiating the project's target market.

Like all investments, bERNA involves capital risk, meaning the investment's value can fluctuate, potentially leading to losses of the original capital. Key specific risks include interest rate risk, where rising rates can diminish bond values; credit risk, the possibility of the underlying bond issuers defaulting; counterparty risk, related to the parties involved in transactions; and liquidity risk, affecting the ease of buying or selling the asset.