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 Apple xStock (AAPLx)?

Accepted Answer

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

The underlying asset is issued by Apple Inc., a U.S.-based technology company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and related accessories, along with associated digital services.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219187  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Apple Inc., One Apple Park Way, Cupertino, CA 95014, USA  
- **LEI**: HWUPKR0MPOU8FGXBT394  
- **ISIN**: US0378331005  
- **Symbol**: AAPL  
- **Name**: Apple 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.


AAPLx	SPL	SOL	XsbEhLAtcf6HdfpFZ5xEMdqW8nfAvcsP5bdudRLJzJp	2025-06-10
AAPLx	BEP20	BNB	0x9d275685dc284c8eb1c79f6aba7a63dc75ec890a	2025-07-04
AAPLx	ERC20	ETH	0x9d275685dc284c8eb1c79f6aba7a63dc75ec890a	2025-08-06