Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates issued on blockchain networks to reflect the value of traditional financial securities. They provide eligible participants with a regulated means to gain price exposure to equities or ETFs through blockchain infrastructure.

Question 2

What is Honeywell xStock (HONx)?

Accepted Answer

HONx is a tokenised tracker certificate issued on the Solana blockchain that reflects the price of Honeywell International Inc. shares. It enables regulatory-compliant blockchain-based access to the equity performance of Honeywell for eligible users.

Honeywell International Inc. is a diversified technology and manufacturing company that operates across four segments: Aerospace, Building Automation, Industrial Automation, and Energy and Sustainability Solutions. It provides products and services aimed at improving safety, efficiency, and productivity.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219583  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Honeywell International Inc., 855 S. Mint Street, Charlotte, NC 28202, USA  
- **LEI**: 549300DQ5QDLKV4BXJ20  
- **ISIN**: US4385161066  
- **Symbol**: HON  
- **Name**: Honeywell International 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 firm based in Switzerland that specialises in tokenised financial instruments. The tokens aim to offer compliant access to traditional assets using blockchain technology.


HONx	SPL	SOL	XsRbLZthfABAPAfumWNEJhPyiKDW6TvDVeAeW7oKqA2	2025-06-12
HONx	BEP20	BNB	0x62a48560861b0b451654bfffdb5be6e47aa8ff1b	2025-07-04
HONx	ERC20	ETH	0x62a48560861b0b451654bfffdb5be6e47aa8ff1b	2025-08-06