Backed HIGH € High Yield Corp BondPrice

(BHIGH)

bHIGH is an ERC-20 token designed to track the performance of a prominent ETF focused on Euro-denominated high-yield corporate bonds. This underlying ETF is an index composed of a diversified range of sub-investment grade bonds across various sectors, including industrials, utilities, and financial companies. Essentially, bHIGH provides a digital representation of this specific financial instrument on the blockchain.

bHIGH tokens are 1:1 backed by their underlying financial assets. These assets are securely held by independent third-party custodians located in Switzerland. This setup ensures that the assets are bankruptcy-remote book-entry securities, meaning they are legally separated from the issuer's own balance sheet, providing an additional layer of security and trust for token holders.

Holding bHIGH offers several benefits, primarily providing eligible cryptocurrency market participants with regulatory-compliant access to the performance of Euro-denominated high-yield corporate bonds directly on-chain. It delivers diversified exposure to various sectors without the typical traditional finance onboarding processes or the need to convert crypto to fiat. This allows for seamless integration into decentralized finance protocols, offering the potential for sustainable yields within the digital asset ecosystem.

As bHIGH tracks an ETF composed of high-yield corporate bonds, its risks are inherently linked to those of the underlying financial assets. These include credit risk, which is the possibility of the bond issuer failing to meet its obligations; interest rate risk, where changes in interest rates can affect bond values; and general market volatility. Potential holders are always encouraged to review all official documentation to understand the full scope of potential risks.

Backed Assets is the issuer of on-chain tokens that track real-world assets like bHIGH. The company was incorporated in Switzerland in 2021, leveraging the regulatory clarity provided by the Swiss DLT Act. It's important to note that Backed Finance AG and its subsidiary, Backed Assets (JE) Limited, operate independently and are not affiliated with or licensed by the issuer of the underlying ETF. This structure aims to provide a regulated framework for tokenizing traditional financial assets.

As an ERC-20 token, bHIGH can be easily transferred across compatible blockchain networks. It is integrated into various decentralized finance (DeFi) protocols, enhancing their offerings by providing on-chain access to its underlying asset's performance. Additionally, bHIGH is available for acquisition on various cryptocurrency exchanges, enabling a broader range of market participants to gain exposure to this tokenized real-world asset.