Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that reflect the price of traditional equities or exchange-traded products. Issued on public blockchains like Solana, xStocks aim to offer eligible market participants exposure to regulated financial assets using blockchain infrastructure.

Question 2

What is Palantir xStock (PLTRx)?

Accepted Answer

PLTRx is a tokenised tracker that mirrors the price of Palantir Technologies Inc. shares. It is issued as both a Solana SPL and ERC-20 token. The structure enables access to the underlying equity through blockchain-based instruments while retaining a link to the asset’s market value.

Palantir Technologies is a software company that delivers platforms focused on data integration and analytics. It serves both public and private sector clients through tools such as Palantir Foundry and Palantir Gotham. The company’s offerings are used for strategic decision-making in sectors including defence, healthcare, and finance.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219625  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Palantir Technologies Inc., 1555 Blake Street, Denver, CO 80202, USA  
- **LEI**: 549300UVN46B3BBDHO85  
- **ISIN**: US69608A1088  
- **Symbol**: PLTR  
- **Name**: Palantir Technologies 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 and managed by Backed Finance. They are designed to provide tokenised access to traditional financial markets using blockchain infrastructure under a regulated framework.