Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that follow the price of listed equities or exchange-traded products. Issued on public blockchains such as Solana, xStocks enable blockchain-based exposure to traditional financial assets. They are designed for eligible users seeking regulated access through decentralised infrastructure.

Question 2

What is Pfizer xStock (PFEx)?

Accepted Answer

PFEx is a tokenised tracker that reflects the market price of Pfizer Inc. shares. It is available as Solana SPL and ERC-20 tokens, enabling on-chain engagement with the performance of the underlying equity. The token is intended for users seeking regulated interaction with the stock price of Pfizer Inc. through blockchain technology.

Pfizer Inc. is a multinational biopharmaceutical firm engaged in the discovery and development of medicines and vaccines. Its portfolio covers treatment areas including oncology, cardiovascular conditions, infectious diseases, and more.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219377  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Pfizer Inc., 235 East 42nd Street, New York, NY 10017, USA  
- **LEI**: 765LHXWGK1KXCLTFYQ30  
- **ISIN**: US7170811035  
- **Symbol**: PFE  
- **Name**: Pfizer 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 developed and issued by Backed Finance to provide blockchain-based instruments tied to the price of traditional financial securities. These instruments aim to integrate public blockchain functionality with existing financial infrastructure in a regulated format.