Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are blockchain-based tokens that digitally represent specific equities or exchange-traded funds (ETFs). Each token corresponds 1:1 with a real-world underlying asset held by a custodian. These tokens are issued on the Solana blockchain and are designed to be used by eligible participants for gaining traditional asset exposure in decentralised finance (DeFi) settings and regulated token platforms.

Question 2

What is Coca-Cola xStock (KOx)?

Accepted Answer

Coca-Cola xStock (KOx) is a tokenised tracker certificate that reflects the share price of The Coca-Cola Company (NYSE: KO). It is issued on the Solana blockchain and designed to provide eligible investors with regulated on-chain access to the stock's value.

The underlying asset is The Coca-Cola Company, a major multinational beverage corporation. It is known for producing and distributing a broad portfolio of non-alcoholic drinks including Coca-Cola, Sprite, Fanta, and various other soft drinks and water brands.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219419  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: The Coca-Cola Company, One Coca-Cola Plaza, Atlanta, GA 30313, USA  
- **LEI**: UWJKFUJFZ02DKWI3RY53  
- **ISIN**: US1912161007  
- **Symbol**: KO  
- **Name**: The Coca-Cola Company

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 Switzerland-based company focused on enabling access to traditional financial assets through blockchain infrastructure. They work with regulated custodians and intermediaries to maintain compliance across jurisdictions.


KOx	BEP20	BNB	0xdcc1a2699441079da889b1f49e12b69cc791129b	2025-07-04
KOx	SPL	SOL	XsaBXg8dU5cPM6ehmVctMkVqoiRG2ZjMo1cyBJ3AykQ	2025-06-12
KOx	ERC20	ETH	0xdcc1a2699441079da889b1f49e12b69cc791129b	2025-08-06