Question 1

What is Mastercard xStock (MAx)?

Accepted Answer

MAx is a tokenised tracker certificate that follows the price of Mastercard Inc. Class A shares. Issued as both Solana SPL and ERC-20 tokens, MAx offers blockchain-based access to the performance of Mastercard, a global payments and technology company.

Question 2

What is Mastercard xStock (MAx) used for?

Accepted Answer

MAx enables eligible digital asset market participants to gain price exposure to Mastercard Inc. shares in a regulated format, without needing to directly hold the underlying equity. It combines traditional financial instruments with blockchain infrastructure.

Question 3

Who created Mastercard xStock (MAx)?

Accepted Answer

MAx is issued by Backed Assets (JE) Limited and tokenised by Backed Finance AG. These entities offer blockchain-compatible certificates that mirror traditional securities, built to operate within existing financial regulations.

Question 4

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219336  
- **Network / Chain**: Solana (SPL)  
- **Smart Contracts**: Solana

Question 5

Underlying Asset Information

Accepted Answer

- **Issuer**: Mastercard Incorporated Class A  
- **Address**: 2000 Purchase Street, Purchase, NY 10577, USA  
- **LEI**: AR5L2ODV9HN37376R084  
- **ISIN**: US57636Q1040  
- **Symbol**: MA  
- **Name**: Mastercard Incorporated Class A  
- **More Information**: [View MA on TradingView](https://www.tradingview.com/symbols/NYSE-MA/)

Question 6

Service Providers

Accepted Answer

- **Tokenizer**: Backed Finance AG  
- **Broker**: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG  
- **Custodian**: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG  
- **Security Agent**: Security Agent Services AG


MAx	BEP20	BNB	0xb365cd2588065f522d379ad19e903304f6b622c6	2025-07-04
MAx	ERC20	ETH	0xb365cd2588065f522d379ad19e903304f6b622c6	2025-08-06
MAx	SPL	SOL	XsApJFV9MAktqnAc6jqzsHVujxkGm9xcSUffaBoYLKC	2025-06-12