Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that replicate the price of publicly traded equities or exchange-traded funds. They enable eligible participants to gain regulated, blockchain-based access to traditional financial assets without holding the underlying securities.

Question 2

What is Visa xStock (Vx)?

Accepted Answer

Vx is a tokenised tracker certificate that mirrors the price of Visa Inc. Class A shares. Issued as Solana SPL and ERC-20 tokens, Vx enables blockchain-based access to the equity performance of Visa, a global digital payments provider operating across over 200 countries and offering credit, debit, and other payment technologies.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219310  
- **Network / Chain**: Solana (SPL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: Visa Inc. Class A, 900 Metro Center Blvd, Foster City, CA 94404, USA  
- **LEI**: 549300JZ4OKEHW3DPJ59  
- **ISIN**: US92826C8394  
- **Symbol**: V  
- **Name**: Visa Inc. Class A

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 created by Backed Finance. These blockchain-compatible tracker certificates enable access to traditional assets within decentralised environments, complying with regulatory structures.