Question 1

What is TBLL xStock (TBLLx)?

Accepted Answer

TBLL xStock (TBLLx) is a tokenised tracker certificate issued as a freely transferable ERC-20 and Solana SPL token. It tracks the price of the Invesco Short Term Treasury ETF (TBLL). Issued by Backed Assets (JE) Limited, TBLLx offers onchain access to the ETF’s performance.

Question 2

What is TBLL xStock (TBLLx) used for?

Accepted Answer

TBLLx provides eligible investors with regulated access to short-term US Treasury exposure through blockchain infrastructure. The underlying ETF, TBLL, invests in 3-month US Treasury bills and serves as a cash-equivalent investment with minimal credit risk. TBLLx allows users to bring these characteristics onchain, making it suitable for conservative portfolios, treasury management, or liquidity strategies.

Question 3

Who created TBLL xStock (TBLLx)?

Accepted Answer

TBLLx is issued by Backed Assets (JE) Limited and tokenised by Backed Finance AG. Other service providers include Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG (as brokers and custodians), and Security Agent Services AG.

Question 4

Token Details

Accepted Answer

- **Issuer:** Backed Assets (JE) Limited
- **ISIN:** CH1473121007
- **Network / Chain:** Ethereum (ERC-20) & Solana (SPL)
- **Management Fee:** 0.08% per year (reflects underlying ETF cost)

Question 5

Underlying Asset Information

Accepted Answer

- **Issuer:** Invesco Exchange-Traded Fund Trust II
- **ISIN:** US46138G8886
- **Symbol:** TBLL
- **Name:** Invesco Short Term Treasury ETF

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