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 Coinbase xStock (COINx)?

Accepted Answer

Coinbase xStock (COINx) is a tokenised tracker certificate that reflects the share price of Coinbase Global, Inc. (NASDAQ: COIN). It is issued on the Solana blockchain and designed to provide eligible investors with regulated on-chain access to the stock’s market value.

The underlying asset is Coinbase Global, Inc., a major cryptocurrency exchange that enables users to buy, sell, and manage digital assets. It serves both retail and institutional clients and operates as a remote-first company without a physical headquarters.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219708  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Coinbase Global, Inc., 100 Pine Street, San Francisco, CA 94111, USA  
- **LEI**: 5493004G3J2SC154DU06  
- **ISIN**: US19260Q1076  
- **Symbol**: COIN  
- **Name**: Coinbase Global

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.


COINx	SPL	SOL	Xs7ZdzSHLU9ftNJsii5fCeJhoRWSC32SQGzGQtePxNu	2025-06-12
COINx	BEP20	BNB	0x364f210f430ec2448fc68a49203040f6124096f0	2025-07-04
COINx	ERC20	ETH	0x364f210f430ec2448fc68a49203040f6124096f0	2025-08-06