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 Cisco xStock (CSCOx)?

Accepted Answer

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

The underlying asset is issued by Cisco Systems, Inc., a global technology company that provides networking, cybersecurity, collaboration, and cloud solutions. Cisco’s product range includes networking hardware, software, and services aimed at enabling secure and scalable digital infrastructure.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219435  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Cisco Systems, Inc., 170 West Tasman Drive, San Jose, CA 95134, USA  
- **LEI**: 549300LKFJ962MZ46593  
- **ISIN**: US17275R1023  
- **Symbol**: CSCO  
- **Name**: Cisco Systems, 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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	CSCO.XS-USDT CSCOX_USDT	gateio	A	118.42USDT	-2.55%	281.39CSCO.XS	354	121.52USDT	121.66USDT
2	CSCO.XS-USD CSCOxUSD	kraken	AA	118.05USD	-1.22%	0.1750CSCO.XS	2	119.51USD	119.51USD
3	CSCO.XS-USDT cscox_usdt	xtpub	-	117.76USDT	0.34%	81.16CSCO.XS	9,129	117.36USDT	118.48USDT