TON xStock (TONXx) is a tokenised tracker certificate issued on Ethereum (ERC-20) and Solana (SPL) that tracks the price of TON Strategy Co. It is issued by Backed Assets (JE) Limited and is fully backed by the underlying equity. The token provides eligible investors with regulatory-compliant access to the performance of TON Strategy Co. through blockchain infrastructure.

TONXx enables onchain exposure to TON Strategy Co., which participates in strategic initiatives within The Open Network (TON) ecosystem. These include token accumulation, staking, and infrastructure development. By holding TONXx, investors gain regulated exposure to the company's equity while also aligning with TON's broader blockchain-native activities. The structure offers benefits such as digital asset accessibility and blockchain-based settlement.

TONXx is issued by Backed Assets (JE) Limited, part of the Backed Finance group. Service providers supporting the issuance include Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and Security Agent Services AG, who manage brokerage, custody, and asset security functions.