Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that replicate the price of traditional financial instruments like listed equities or ETFs. They are designed for blockchain-based access while remaining within regulatory frameworks, allowing eligible users to engage with equity markets through decentralised platforms.

Question 2

What is Salesforce xStock (CRMx)?

Accepted Answer

CRMx is a tokenised tracker that mirrors the share price of Salesforce, Inc. Issued as SPL and ERC-20 tokens, it enables on-chain interaction with Salesforce’s equity performance without direct ownership of the stock.

Salesforce, Inc. is a US-based technology company known for its cloud-based CRM software. Its offerings include AI-powered solutions spanning sales, customer service, marketing, analytics, and application development platforms.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219476  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Salesforce, Inc., 415 Mission Street, San Francisco, CA 94105, USA  
- **LEI**: RCGZFPDMRW58VJ54VR07  
- **ISIN**: US79466L3024  
- **Symbol**: CRM  
- **Name**: Salesforce, 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 by Backed Finance. The platform facilitates regulated tokenised representations of financial instruments, enabling blockchain-native access to traditional asset prices.

Salesforce xStock

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