Question 1

What is OPEN xStock (OPENx)?

Accepted Answer

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.

Question 2

What is OPEN xStock (OPENx) used for?

Accepted Answer

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.

Question 3

Who created OPEN xStock (OPENx)?

Accepted Answer

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.

Question 4

Token Details

Accepted Answer

- **Issuer:** Backed Assets (JE) Limited
- **ISIN:** CH1473120991
- **Network / Chain:** Ethereum (ERC-20) & Solana (SPL)

Question 5

Underlying Asset Information

Accepted Answer

- **Issuer:** Opendoor Technologies Inc.
- **ISIN:** US68371M1077
- **Symbol:** OPEN
- **Name:** Opendoor Technologies Inc.

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


OPENx	SPL	SOL	XsGtpmjhmC8kyjVSWL4VicGu36ceq9u55PTgF8bhGv6	2025-07-31
OPENx	BEP20	BNB	0xbee6b69345f376598fe16abd5592c6f844825e66	2025-06-24
OPENx	ERC20	ETH	0xbee6b69345f376598fe16abd5592c6f844825e66	2025-08-06