Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are blockchain-issued tracker certificates that replicate the price of specific publicly traded equities. Designed for regulated access, they allow eligible participants to gain digital exposure to traditional stocks via tokenised assets on blockchains such as Solana.

Question 2

What is Eli Lilly xStock (LLYx)?

Accepted Answer

LLYx is a tokenised equity tracker that mirrors the performance of Eli Lilly and Company stock. Issued on the Solana blockchain, it provides eligible investors with blockchain-based access to Eli Lilly's equity value through a regulatory-compliant instrument.

Eli Lilly and Company is a pharmaceutical firm based in the United States. It focuses on developing and distributing human healthcare products across therapeutic areas including oncology, immunology, neuroscience, and cardiometabolic health.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219328  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Eli Lilly and Company, Lilly Corporate Center, Indianapolis, IN 46285, USA  
- **LEI**: FRDRIPF3EKNDJ2CQJL29  
- **ISIN**: US5324571083  
- **Symbol**: LLY  
- **Name**: Eli Lilly and 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 Swiss-based platform that creates tokenised versions of publicly traded financial assets. Their products aim to combine regulated equity exposure with the infrastructure benefits of blockchain systems.


LLYx	BEP20	BNB	0x19c41ea77b34bbdee61c3a87a75d1abda2ed0be4	2025-07-04
LLYx	SPL	SOL	Xsnuv4omNoHozR6EEW5mXkw8Nrny5rB3jVfLqi6gKMH	2025-06-12
LLYx	ERC20	ETH	0x19c41ea77b34bbdee61c3a87a75d1abda2ed0be4	2025-08-06