CRUSxSecurity Token
Backed Cirrus Logic Tracker
- Value issued
- $5.2M
- 21D change
- 0.0%
- Yield
- None
- NAV
- 112.6000
- Management fees
- 0.20%
- Minimum
- $100
- Redemption
- Daily
- Launched
- 01 May 2024
Depends onInCore Bank
Field coverage 92%Primary-source or on-chain verified 100% of tracked metrics0/2 source documents analyst-verifiedLast reconciled 13 Nov 2026
Overview
What this product is
Swiss DLT Act compliant tracker certificate issued by Backed Finance offering institutional on-chain exposure to Cirrus Logic, Inc. common equity.
- Underlying asset
- 1:1 collateralized custody certificate tracking Cirrus Logic, Inc. (CRUS) backed by securities held at InCore Bank AG
- Asset class
- Equity
- Product structure
- SPV-Backed Security
- Legal structure
- BVI Professional Fund
- Issuer jurisdiction
Switzerland- Fund domicile
- Switzerland
- Base currency
- USD
- Launched
- 01 May 2024
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
Backed FinanceSwitzerland
SwitzerlandA Swiss-based company that issues fully backed tokenized real-world assets like bIB01.
Portfolio
Composition
- Cirrus Logic, Inc. Underlying Common Equity Collateral100.0%
On-chain history begins 23 Oct 2026 and covers 21 days of readings.
AUM
$5.2M
Assets under management
+0.0% over 21 days held
Yield
0.00%
Yield history. No yield
+0.0% over 21 days held
NAV
112.6000
NAV per token
+0.0% over 21 days held
Movement
Recent daily movement
Net movement $0Over 21 daysChange 0.0%
| Direction | ||||
|---|---|---|---|---|
| 12 Nov 2026 | $5.2M | $0 | 0.0% | |
| 11 Nov 2026 | $5.2M | $0 | 0.0% | |
| 10 Nov 2026 | $5.2M | $0 | 0.0% | |
| 09 Nov 2026 | $5.2M | $0 | 0.0% | |
| 08 Nov 2026 | $5.2M | $0 | 0.0% | |
| 07 Nov 2026 | $5.2M | $0 | 0.0% | |
| 06 Nov 2026 | $5.2M | $0 | 0.0% | |
| 05 Nov 2026 | $5.2M | $0 | 0.0% | |
| 04 Nov 2026 | $5.2M | $0 | 0.0% | |
| 03 Nov 2026 | $5.2M | $0 | 0.0% |
Holdings
Disclosure
Underlying portfolio
| Share | ||||
|---|---|---|---|---|
| Cirrus Logic, Inc. Underlying Common Equity Collateral | - | 100.0% |
Exposure
What you actually own
Economic exposure is to 1:1 collateralized custody certificate tracking cirrus logic, inc. (crus) backed by securities held at incore bank ag. Weighted average maturity is 0 days, which sets how quickly the portfolio reprices as rates move.
- 100.0%
Redemption
Terms
Contractual terms
- Redemption frequency
- Daily
- Dealing cut-off
- 16:00 CET daily
- Settlement
- T+1 via USDC/EUR
- Redemption fee
- 0.15%
- Secondary venues
- Uniswap v3 Protocol, CoW Swap Protocol, Curve Finance
- Transfer restrictions
- Transfers restricted outside US persons per Swiss DLT prospectus.
These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.
Assessment
Liquidity profile
Primary redemption
Daily · T+1 via USDC/EUR
Off-hours exit
Constrained to 16:00 CET daily
Secondary market
Uniswap v3 Protocol, CoW Swap Protocol, Curve Finance
Transferability
Freely transferable after compliance period
Exit fee
0.15% on redemption
Relationship graph
Operational dependency network
Every firm and system this product relies on. Select any of them to open its profile.
Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.
Open in Ecosystem Graph →Issuance & legal
Who is legally on the hook for this product.Custody
Where the backing assets actually sit.Markets & settlement
Where it trades and how value moves between venues and chains.
Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.
Deployments
Registry
Networks and contracts
| Contract / asset id | |||
|---|---|---|---|
| EthereumPrimary | public l1 | 0x510a172ec7…e44d24d0 | 100.0% |
Counterparties
Service providers
If any of these has a problem, this product is affected.
- Custodian
- InCore Bank· Switzerland
- Administrator
- Backed· Switzerland
- Transfer agent
- Not disclosed
- Tokenization platform
- Backed· Switzerland
- Oracle / attestation
- Not disclosed
Access
Classification
Who may hold this
RetailNot eligible
AccreditedEligible
ProfessionalNot eligible
InstitutionalEligible
- Minimum investment
- $100
- Allow-list required
- No
- Transfer restrictions
- Transfers restricted outside US persons per Swiss DLT prospectus.
Geography
Where it is available
United StatesNot available
European UnionNot available
SingaporeAvailable
United KingdomAvailableSwitzerlandAvailable
Hong Kong SARAvailable
United Arab EmiratesAvailableExplicit prohibitions
- −United States
- −Cuba
- −Iran
- −North Korea
- −Syria
- −Russia
Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.
Structure
Legal and regulatory
- Legal structure
- BVI Professional Fund
- Product structure
- SPV-Backed Security
- Fund domicile
- Switzerland
- Issuer jurisdiction
- Switzerland
- Transfer agent
- Not disclosed
The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.
Source documents
Offering documentation
The documents behind the figures on this page. Anything marked verified has been checked by an analyst.
On-chain activity
Daily value outstanding
Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.
Net movement $0Over 21 daysChange 0.0%
| Direction | ||||
|---|---|---|---|---|
| 12 Nov 2026 | $5.2M | $0 | 0.0% | |
| 11 Nov 2026 | $5.2M | $0 | 0.0% | |
| 10 Nov 2026 | $5.2M | $0 | 0.0% | |
| 09 Nov 2026 | $5.2M | $0 | 0.0% | |
| 08 Nov 2026 | $5.2M | $0 | 0.0% | |
| 07 Nov 2026 | $5.2M | $0 | 0.0% | |
| 06 Nov 2026 | $5.2M | $0 | 0.0% | |
| 05 Nov 2026 | $5.2M | $0 | 0.0% | |
| 04 Nov 2026 | $5.2M | $0 | 0.0% | |
| 03 Nov 2026 | $5.2M | $0 | 0.0% | |
| 02 Nov 2026 | $5.2M | $0 | 0.0% | |
| 01 Nov 2026 | $5.2M | $0 | 0.0% | |
| 31 Oct 2026 | $5.2M | $0 | 0.0% | |
| 30 Oct 2026 | $5.2M | $0 | 0.0% | |
| 29 Oct 2026 | $5.2M | $0 | 0.0% | |
| 28 Oct 2026 | $5.2M | $0 | 0.0% | |
| 27 Oct 2026 | $5.2M | $0 | 0.0% | |
| 26 Oct 2026 | $5.2M | $0 | 0.0% | |
| 25 Oct 2026 | $5.2M | $0 | 0.0% | |
| 24 Oct 2026 | $5.2M | $0 | 0.0% | |
| 23 Oct 2026 | $5.2M | - | - |
Related intelligence
0 events reference this product
No tracked events reference this product yet.