Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are blockchain-issued tokens that represent shares of real-world equities. They are structured as tracker certificates and are issued on the Solana blockchain. Each xStock reflects the price of a corresponding underlying stock and is intended to give eligible participants regulated access to traditional financial assets using blockchain infrastructure.

Question 2

What is Comcast xStock (CMCSAx)?

Accepted Answer

Comcast xStock (CMCSAx) is a tokenised tracker certificate that follows the stock price of Comcast Corporation Class A. Issued on the Solana blockchain, CMCSAx enables regulated digital exposure to Comcast’s equity, while maintaining blockchain-native features like transparency and programmability.

The underlying asset, Comcast Corporation, is a global media and technology firm that delivers content, connectivity, and entertainment through brands like Xfinity, Comcast Business, and NBCUniversal.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219567  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Comcast Corporation Class A, Comcast Center, 1701 JFK Boulevard, Philadelphia, PA 19103, USA  
- **LEI**: 549300GH79BNJQ047817  
- **ISIN**: US20030N1019  
- **Symbol**: CMCSA  
- **Name**: Comcast Corporation Class A

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 developed and issued by Backed Finance, a Switzerland-based company offering blockchain-native financial products. Their infrastructure integrates regulated financial intermediaries to enable tokenised access to traditional securities.