AppLovin xStock (APPx) is a Solana-based tokenised certificate reflecting AppLovin Corporation 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.
AppLovin xStock (APPx) is a tokenised tracker certificate designed to reflect the price of AppLovin Corporation stock (NASDAQ: APP). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to AppLovin through a regulatory-compliant structure.
The underlying asset is issued by AppLovin Corporation, a mobile technology company that provides tools for app discovery, monetisation, marketing, and growth. Its solutions span in-app, mobile, connected TV, and multi-channel environments.
Issuer: Backed Assets (JE) Limited
ISIN: CH1436219641
Network / Chain: Solana (SOL)
Smart Contracts: Solana
Issuer: AppLovin Corporation, 33 Thomas Street, Palo Alto, CA 94301, USA
LEI: 549300LLVXMUAOL3SQ07
ISIN: US03831W1080
Symbol: APP
Name: AppLovin Corporation
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.