Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that mirror the price of traditional equities or ETFs. These tokens allow eligible users to gain regulated, blockchain-based exposure to underlying asset prices without holding the securities directly.

Question 2

What is TQQQ xStock (TQQQx)?

Accepted Answer

TQQQx is a tokenised tracker certificate that replicates the price of the ProShares UltraPro QQQ ETF. Issued on the Solana network, it offers blockchain-native exposure to the performance of this leveraged exchange-traded fund.

The ProShares UltraPro QQQ is structured to deliver three times the daily performance of the Nasdaq-100 Index. It is designed for short-term use and is subject to significant volatility due to daily resets.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219757  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: ProShares Trust, 7272 Wisconsin Avenue, Suite 1000, Bethesda, MD 20814, USA  
- **ISIN**: US74347X8314  
- **Symbol**: TQQQ  
- **Name**: ProShares UltraPro QQQ

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 enables tokenised access to real-world assets by creating tracker certificates that are compatible with blockchain networks, offering a bridge between traditional financial instruments and decentralised finance.


TQQQx	SPL	SOL	XsjQP3iMAaQ3kQScQKthQpx9ALRbjKAjQtHg6TFomoc	2025-06-12
TQQQx	BEP20	BNB	0xfdddb57878ef9d6f681ec4381dcb626b9e69ac86	2025-07-04
TQQQx	ERC20	ETH	0xfdddb57878ef9d6f681ec4381dcb626b9e69ac86	2025-08-06