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 Amazon xStock (AMZNx)?

Accepted Answer

Amazon xStock (AMZNx) is a tokenised tracker certificate designed to reflect the price of Amazon.com, Inc. stock (NASDAQ: AMZN). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to Amazon through a regulatory-compliant structure.

The underlying asset is issued by Amazon.com, Inc., a global technology company recognised for its e-commerce platform, cloud computing services, digital media offerings, and other consumer and enterprise services.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219211  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Amazon.com, Inc., 410 Terry Avenue North, Seattle, WA 98109, USA  
- **LEI**: ZXTILKJKG63JELOEG630  
- **ISIN**: US0231351067  
- **Symbol**: AMZN  
- **Name**: Amazon.com, 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.


AMZNx	SPL	SOL	Xs3eBt7uRfJX8QUs4suhyU8p2M6DoUDrJyWBa8LLZsg	2025-06-12
AMZNx	BEP20	BNB	0x3557ba345b01efa20a1bddc61f573bfd87195081	2025-07-04
AMZNx	ERC20	ETH	0x3557ba345b01efa20a1bddc61f573bfd87195081	2025-08-06