Alphabet xStock (GOOGLx) is a Solana-based tokenised certificate reflecting Alphabet Inc. Class A stock. Issued by Backed Finance, it enables on-chain access to the underlying 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.
Alphabet xStock (GOOGLx) is a tokenised tracker certificate designed to reflect the price of Alphabet Inc. Class A stock (NASDAQ: GOOGL). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to Alphabet through a regulatory-compliant structure.
The underlying asset is issued by Alphabet Inc., a multinational holding company and parent of subsidiaries including Google, YouTube, and Android. Alphabet is also involved in areas such as life sciences, autonomous vehicles, and other emerging technologies.
Issuer: Backed Assets (JE) Limited
ISIN: CH1436219237
Network / Chain: Solana (SOL)
Smart Contracts: Solana
Issuer: Alphabet Inc. Class A, 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA
LEI: 5493006MHB84DD0ZWV18
ISIN: US02079K3059
Symbol: GOOGL
Name: Alphabet Inc. Class A
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.