Question 1

What are xStocks and what are they used for?

Accepted Answer

xStocks are tokenised tracker certificates that represent exposure to traditional financial assets using blockchain infrastructure. These instruments are issued under a regulatory framework and provide tokenised access to equities and ETFs for qualified participants.

Question 2

What is MicroStrategy xStock (MSTRx)?

Accepted Answer

MSTRx is a blockchain-based tracker certificate deployed on the Solana network. It reflects the market price of MicroStrategy Incorporated shares and allows tokenised access to this equity for eligible investors.

MicroStrategy Incorporated is a business intelligence and software firm that also has significant activity in Bitcoin acquisition and development. Its operations span enterprise analytics and mobile solutions, as well as managing a digital asset strategy.

Question 3

Token Details

Accepted Answer

- **Issuer**: Backed Assets (JE) Limited  
- **ISIN**: CH1436219633  
- **Network / Chain**: Solana (SOL)  
- **Smart Contracts**: Solana

Question 4

Underlying Asset Information

Accepted Answer

- **Issuer**: MicroStrategy Incorporated, 1000 Nicollet Mall, Suite 400, Minneapolis, MN 55403, USA  
- **LEI**: 549300WQTWEJUEHXQX21  
- **ISIN**: US5949724083  
- **Symbol**: MSTR  
- **Name**: MicroStrategy Incorporated

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 to provide blockchain-compatible access to publicly listed equities and ETFs through tokenised certificates.


MSTRx	SPL	SOL	XsP7xzNPvEHS1m6qfanPUGjNmdnmsLKEoNAnHjdxxyZ	2025-06-12
MSTRx	BEP20	BNB	0xae2f842ef90c0d5213259ab82639d5bbf649b08e	2025-07-04
MSTRx	ERC20	ETH	0xae2f842ef90c0d5213259ab82639d5bbf649b08e	2025-08-06