Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that provide access to traditional financial assets through blockchain infrastructure. They allow eligible market participants to gain exposure to equities or ETFs in a regulated and blockchain-native format.

Question 2

What is JPMorgan Chase xStock (JPMx)?

Accepted Answer

JPMx is a tokenised tracker certificate issued on the Solana blockchain that mirrors the price of JPMorgan Chase & Co. stock. It enables blockchain-based exposure to the equity value of JPMorgan Chase & Co. for eligible participants.

JPMorgan Chase & Co. is a multinational financial services firm offering a broad range of services including retail and commercial banking, asset management, and investment banking. It operates through four segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking, and Asset and Wealth Management.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219302  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: JPMorgan Chase & Co., 383 Madison Avenue, New York, NY 10179, USA  
- **LEI**: 8I5DZWZKVSZI1NUHU748  
- **ISIN**: US46625H1005  
- **Symbol**: JPM  
- **Name**: JPMorgan Chase & Co.

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 Swiss company that creates blockchain-based financial products. The goal is to enable tokenised access to traditional securities while complying with regulatory frameworks.

JPMorgan Chase xStock

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