Question 1

What are xStocks and what are they used for?

Accepted Answer

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.

Question 2

What is AbbVie xStock (ABBVx)?

Accepted Answer

AbbVie xStock (ABBVx) is a tokenised tracker certificate designed to reflect the price of AbbVie Inc. stock (NYSE: ABBV). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to AbbVie Inc. through a regulatory-compliant structure.

The underlying asset is issued by AbbVie Inc., a U.S.-based biopharmaceutical company focused on developing therapies in immunology, oncology, neuroscience, and eye care. Its portfolio includes established treatments like Humira and a pipeline of newer products across therapeutic areas.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219393  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: AbbVie Inc., 1 North Waukegan Road, North Chicago, IL 60064, USA  
- **LEI**: FR5LCKFTG8054YNNRU85  
- **ISIN**: US00287Y1091  
- **Symbol**: ABBV  
- **Name**: AbbVie Inc.

Question 5

Service Providers

Accepted Answer

- **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

Question 6

Who created xStocks?

Accepted Answer

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.


ABBVx	ERC20	ETH	0xfbf2398df672cee4afcc2a4a733222331c742a6a	2025-08-06
ABBVx	BEP20	BNB	0xfbf2398df672cee4afcc2a4a733222331c742a6a	2025-07-04
ABBVx	SPL	SOL	XswbinNKyPmzTa5CskMbCPvMW6G5CMnZXZEeQSSQoie	2025-06-12