{"signature": "0x7c68711242f6f8f20c79a45aac2d5402feec44ccb7541b4eb68df14f0747d1cc07e97583ba64b37e7e40afcbb0c3fa8847a6a200388add119447167c29d5e1351b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "0cUxIOX693jMdt1jlzqnEu1hTeCJcFlaZcbD6/F0lEn/oKVHXVlzjtY7l+jqPxaW", "encryptedSymmetricKey": "3c9334a869faca518f3286e236570735bc19a5e1079b96ae585198339fe5cf6dbc4c557aae0fb6d56ee90e14fb22360a14eb803ada784c8336fdd0c1a6c4f40ef8776f099036e9a24d15def3f96118199343a2750c0a61212fb82c2aa61540aa56a04b4fdc0f42df6f978e5f6eafdac670f0604b85a597aa3714b41523bbcf28000000000000002018c69be22746eb3125844e74bf56fd5775e42e2cc22d9f8d0f2646eee79a8609dc5469cf79ad1bef6f35a7808f4bec94"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "70000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Access to securities that many people and on-chain entities cannot hold, but can hold permissionless tokens natively. Low transaction cost for sending assets across jurisdictions easily and cheaply, and enabling a secondary market that trades 24/7 that allows trade in fractions. Being able to use your RWA in DeFi, lending against them, or using them as collateral against a loan.\n", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "We have a state-of-the-art product that merges audited agnostic technology with a robust regulatory European framework. Our platform allows for the tokenization of liquid assets, which can then be traded permissionless on blockchains. In recent years, Backed has tokenized a diverse range of assets, from an ETF of US Treasury Bills (bIB01) to popular equities like Coinbase $COIN (bCOIN), showcasing our ability to handle both fixed income and equity securities.\n", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "he project is live with USD 100 million in volume across 17 types of bTokens on 8 different blockchains. We have been selected by the Arbitrum STEP committee as an approved issuer of tokenized assets to diversify their treasury. We are a long established issuer of real-world assets, and will use this grant to expand our presence within the Arbitrum ecosystem.", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "DeFi protocols and DAOs, Crypto-natives and The underbanked", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "Founders and team are crypto and TradFi natives. Formerly Mercado Bitcoin, 21shares, SumUp, Coinbase, Jane Street.\nRoberto Klein: Co-founder - https://www.linkedin.com/in/kleinroberto/\nRoberto is a co-founder and board member at Backed Finance AG, overseeing finance, regulatory and legal aspects of the business. He holds an M.Sc in Physical Electronics as well as an MBA. With a career spanning over two decades, he has managed financial and business strategy across multiple technological sectors and international markets.\nAdam Levi: Co-founder - https://www.linkedin.com/in/leviadam/\nAdam is a co-founder and board member at Backed Finance AG. He holds a PhD in Theoretical Physics from Technion. Adam spearheads business development efforts and partnerships as well as technology and investor connections. \nYehonatan Goldman: Co-founder - https://www.linkedin.com/in/yehonatan-goldman-90a437a0/\nYehonatan co-founded Backed Finance AG, where he leverages his expertise in blockchain technology, branding, and project management. He previously served as COO at DAOstack Technologies, scaling the team and leading its marketing efforts. \nYotam Katznelson: CTO & COO - https://www.linkedin.com/in/yotam-katznelson/\nYotam is a seasoned engineer with extensive experience in both traditional finance and blockchain technology. As the CTO & COO at Backed Finance, Yotam orchestrates the technical vision and oversees operational strategies. His prior roles include serving as CTO at 21Shares, where he led a significant expansion of the engineering team and was pivotal in developing a robust financial back-office system that supported the company’s growth from $10M to $3B in assets under management. Additionally, at Securitize, he was responsible for building a white-label platform for security tokens on the Ethereum blockchain.\n\nGiorgio Giuliani: Head of Product - https://www.linkedin.com/in/giorgiogiuliani/\nGiorgio Giuliani has over a decade of experience in fintech, where he has led high-performing product teams in major financial hubs such as London and Berlin. He joined Backed in 2022 as Head of Product.Previously, Giorgio led product development at SumUp and N26, focusing on core banking systems and innovative financial solutions like BNPL features, showcasing his ability to enhance product offerings and drive user engagement effectively.\nJerome Dickinson: Head of Legal/AML - https://www.linkedin.com/in/jerome-dickinson-0744a712/\nJerome brings over a decade of specialized legal experience in financial and crypto law to Backed. As Head of Legal and AML, he has played a pivotal role in navigating regulatory landscapes and ensuring compliance with evolving legal standards, particularly in the European Union. His background includes significant positions at major law firms and a board member role at Blockchain for Europe.\nBernardo Quintao: Head of Business Development - https://www.linkedin.com/in/bquintao/\nBernardo is a dynamic business development leader with a robust background in the cryptocurrency and financial sectors. At Backed, he drives international business development, leveraging his extensive network and expertise to foster strategic partnerships and expand the company's market presence. His previous roles include managing a regulated crypto fund and pioneering the development of tokenized securities in Latin America. \n", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "USD $12.5m", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "No other grants", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0x9e4816131bd7501d251e3d9dcff0fb7648f1c7427301d068896bdd09575fa408", "title": "Backed", "logoImg": "bafkreiggpeowfttor4s7e4xmr6betcp6pndcq6yfjuoetaevsdnwhexb6e", "metaPtr": {"pointer": "bafkreia4m55hkqhstqksbbalw5hp4ijk2aaw54ms76vrwz6dq2bhxjixny", "protocol": "undefined"}, "website": "https://backed.fi/", "bannerImg": "bafkreihawuyxgm7hdhsvguolibj6dxz56rhmpvqyrksdoccanz3jimo7d4", "createdAt": 1722246014856, "credentials": {}, "description": "Backed specializes in tokenizing publicly tradable securities, issuing fully compliant MiFID financial products that are both permissionless and fully backed by the underlying assets. We offer a variety of investment products and have the capability to tokenize most publicly traded securities available on Traditional Finance (TradFi) exchanges. All our seventeen current products are natively offered on Arbitrum and can be issued promptly.\n", "lastUpdated": 0, "projectGithub": "backed-fi", "projectTwitter": "BackedFi"}, "recipient": "0xc071C1e9dBF6f3931BaCa070876f248227b29679"}}