Abbott xStock (ABTx) is a token on Solana representing Abbott Laboratories stock, issued as a tracker certificate by Backed Finance. It offers blockchain-based access to U.S. equity for eligible participants.
xStocks are digital tokens that represent fractional ownership of specific U.S.-listed stocks or exchange-traded funds (ETFs). Each token corresponds 1:1 to an underlying asset, which is held in custody by Backed Finance. Issued on the Solana blockchain, xStocks allow for transfer and trading of these representations on-chain. They are used for purposes such as trading on supported exchanges, portfolio diversification, and participation in certain decentralised finance (DeFi) applications.
Abbott xStock (ABTx) is a tokenised tracker certificate designed to reflect the price of Abbott Laboratories stock (NYSE: ABT). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to Abbott Laboratories through a regulatory-compliant structure.
The underlying asset is issued by Abbott Laboratories, a U.S.-based healthcare company active in diagnostics, medical devices, nutrition, and branded generic pharmaceuticals.
Issuer: Backed Assets (JE) Limited
ISIN: CH1436219518
Network / Chain: Solana (SOL)
Smart Contracts: Solana
Issuer: Abbott Laboratories, 100 Abbott Park Road, Abbott Park, IL 60064, USA
LEI: HQD377W2YR662HK5JX27
ISIN: US0028241000
Symbol: ABT
Name: Abbott Laboratories
Tokenizer: Backed Finance AG
Brokers: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG
Custodians: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG
Security Agent: Security Agent Services AG
xStocks are issued by Backed Finance, a Swiss-based company focused on tokenising traditional financial assets. Access to these tokens is restricted to non-U.S. persons in accordance with applicable regulations.