OPEN (xStock Tokenized)

OPEN xStock (OPENx) is a tokenised tracker certificate issued on Ethereum (ERC-20) and Solana (SPL) that follows the share price of Opendoor Technologies Inc. It is fully backed by the underlying equity and issued by Backed Assets (JE) Limited. The token is designed to provide regulated, blockchain-based access to the performance of the Opendoor stock for eligible market participants.

OPENx enables onchain exposure to Opendoor Technologies Inc., a company focused on digital real estate transactions. Through OPENx, users gain access to a token that reflects the price of the company’s publicly listed shares. It allows participants in the digital asset ecosystem to engage with traditional equity markets while retaining the benefits of blockchain technology, such as decentralised settlement, programmability, and wider accessibility.

OPENx is issued by Backed Assets (JE) Limited, part of Backed Finance AG. The token is supported by financial infrastructure providers including Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and Security Agent Services AG, who provide services such as brokerage, custody, and asset security.