Chevron xStock (CVXx) is a Solana-based tokenised certificate reflecting Chevron Corporation stock. Issued by Backed Finance, it provides blockchain-based 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.
Chevron xStock (CVXx) is a tokenised tracker certificate designed to reflect the price of Chevron Corporation stock (NYSE: CVX). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to Chevron through a regulatory-compliant structure.
The underlying asset is issued by Chevron Corporation, a major U.S.-based energy company. Chevron operates across the full oil and gas value chain, including exploration, production, refining, marketing, and transportation.
Issuer: Backed Assets (JE) Limited
ISIN: CH1436219369
Network / Chain: Solana (SOL)
Smart Contracts: Solana
Issuer: Chevron Corporation, 1400 Smith Street, Houston, TX 77002, USA
LEI: 549300LCLFBFN1GUY529
ISIN: US1667641005
Symbol: CVX
Name: Chevron 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.