Ethereum
Base
Gnosis
bCSPX tracks the iShares Core S&P 500 UCITS ETF (accumulating), issued as a Swiss-law tracker certificate collateralized 1:1 by the underlying ETF. It is the largest tokenized equity-index product, transferable on-chain between non-US persons without per-transfer whitelisting.
The S&P 500, as a freely transferable on-chain certificate.
Prism analyst note
bCSPX is the cleanest route to holding the S&P 500 inside a wallet: full 1:1 ETF collateral, Swiss certificate law, and open transferability that lets it plug into DeFi money markets as collateral. Tracking is tight; the main spread risk appears during US market closures when on-chain price discovery leads the stale NAV. Equity market risk applies in full.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- iShares Core S&P 500 UCITS ETF (CSPX)
- Legal structure
- Tracker certificate under Swiss DLT Act
- Jurisdiction
- Switzerland / Jersey
- Custodian
- Regulated custodians holding underlying ETF 1:1
- Administrator
- Backed Finance AG
- Oracle / NAV source
- Chainlink (price & proof-of-reserve)
- Reserve information
- 1:1 ETF collateral held with regulated custodians; Chainlink PoR feeds.
- Transfer restrictions
- Freely transferable outside the US; primary market KYC-gated.
- Investor eligibility
- Non-US persons (Reg S)
- KYC required
- Yes
- Minimum investment
- $100.00
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 3K+
Documents & disclosures
Frequently asked
What happens when US markets are closed?+
The token trades 24/7; market makers price in expected moves, so small premiums/discounts to the last ETF NAV can appear until markets reopen.
