Bit Digital (xStock Tokenized)

Bit Digital xStock (BTBTx) is a tokenised tracker certificate issued as an ERC-20 token on Ethereum and an SPL token on Solana. It mirrors the price of Bit Digital, Inc. shares and provides digital asset market participants with blockchain-based exposure to the equity. BTBTx is fully backed by the underlying stock and is designed for regulatory-compliant access to traditional financial instruments in tokenised form.

BTBTx allows eligible users to gain exposure to the equity performance of Bit Digital, Inc. through a blockchain-based asset. It can be used in digital asset ecosystems for trading, custody, and integration into decentralised finance platforms. The token aims to combine traditional equity access with features such as onchain settlement and increased transferability.

BTBTx is issued by Backed Assets (JE) Limited, a subsidiary of Backed Finance AG. The infrastructure supporting the token involves regulated financial institutions providing brokerage, custody, and security agency services. These include Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and Security Agent Services AG.