Tokenized stock
xStocks
Backed xStocks tokenized equitiesOff-chain dependencySource attached
Backed Finance's xStocks: tokens that track individual stocks and ETFs, each presented as 1:1 collateralized by the underlying held with a regulated custodian.
- Backing claim
- Backed presents each xStock as 1:1 collateralized by the corresponding underlying stock or ETF held with a regulated custodian; the token tracks price, not direct share ownership.
- Issuer
- Backed Assets (JE) Limited, a Jersey SPV (Backed Finance)
- Custodian or holder
- A regulated custodian holds the underlying per the issuer; requires current Backed disclosure review.
- Redemption access
- Issuance and redemption run through Backed's permissioned flow with documented geographic restrictions; secondary trading is open on venues such as Kraken and on-chain.
- Liquidity status
- Insufficient data
- Peg or NAV stress
- The token is meant to track the underlying's market price; no live keyless NAV or collateral-attestation feed is connected in Bathymark.
What Bathymark can verify
- issuer identity
- official Backed source
- that tokens exist across multiple chains
What it cannot verify
- current collateral attestation
- current redemption access
- holder's legal claim on the underlying
- per-token NAV