Issuer · Jersey
Backed / xStocks
Backed Assets (JE) Limited
xStocks are tokenised debt securities issued by Backed. Each token is backed 1:1 by the underlying share or ETF held with a regulated custodian; holders have a claim against the issuer, not a share register entry. The issuer states the tokens are built to track the price of the underlying and are redeemable with the issuer.
Structure
| Backing | 1:1 collateral — the underlying security is bought and held in custody before a token is issued. Proof of reserves is published on the xStocks dashboard. |
|---|---|
| Custody | Regulated third-party custodian (see the xStocks dashboard for the current attestation). |
| Chains | arbitrum-one, binance-smart-chain, ethereum, hyperliquid, ink, mantle, solana, the-open-network, tron, x-layer |
| Redemption | Redeemable with the issuer against the underlying; secondary-market exits depend on the venue. |
| Minimum | not published |
| Fees | Backed does not publish a retail fee schedule on its site; what a buyer pays is set by the venue that sells the token (see Kraken). |
| Eligibility | Availability depends on the selling venue and the jurisdiction; xStocks are not offered to US persons. |
| Excluded jurisdictions | United States |
Issuer's own sentence
“Backed brings stocks and ETFs to blockchain rails. xStocks are now live on multiple venues.”
Source: backed.fi, checked 2026-10-20.
Largest tokens
| Ticker | Token | Company | Price | Share | Gap | Mcap |
|---|---|---|---|---|---|---|
| MSTR | MSTRX | MicroStrategy | $144.48 | $142.72 | +1.23% | $123.8m |
| TSLA | TSLAX | Tesla | $378.59 | $373.71 | +1.31% | $72.4m |
| SPY | SPYX | SP500 | $775.02 | $769.05 | +0.78% | $67.9m |
| SPCX | SPCXX | Space Exploration Technologies | $155.45 | $147.79 | +5.18% | $60.9m |
| NVDA | NVDAX | NVIDIA | $221.42 | $216.47 | +2.29% | $46.7m |
| QQQ | QQQX | Invesco QQQ ETF | $723.04 | $717.63 | +0.75% | $45.6m |
| GOOGL | GOOGLX | Alphabet Class A | $341.56 | $340.28 | +0.38% | $38.3m |
| INTC | INTCX | Intel | $94.90 | $91.69 | +3.50% | $14.2m |
| COIN | COINX | Coinbase Global | $171.79 | $170.85 | +0.55% | $13.6m |
| AAPL | AAPLX | Apple | $339.89 | $339.50 | +0.11% | $12.6m |
| GLD | GLDX | Gold | $378.38 | $377.65 | +0.19% | $11.4m |
| META | METAX | Meta Platforms | $696.67 | $694.25 | +0.35% | $10.5m |
| HOOD | HOODX | Robinhood | $99.32 | $98.21 | +1.13% | $10.5m |
| AMZN | AMZNX | Amazon | $263.08 | $262.63 | +0.17% | $9.3m |
| MSFT | MSFTX | Microsoft | $530.99 | $531.87 | -0.17% | $7.7m |
| AVGO | AVGOX | Broadcom | $339.33 | $334.37 | +1.48% | $7.3m |
| MRVL | MRVLX | Marvell Technology | $245.68 | $240.42 | +2.19% | $6.4m |
| ORCL | ORCLX | Oracle | $131.95 | $131.14 | +0.62% | $4.5m |
| PLTR | PLTRX | Palantir Technologies | $192.68 | $192.60 | +0.04% | $3.2m |
| GME | GMEX | GameStop | $26.39 | $26.47 | -0.30% | $2.0m |
| MCD | MCDX | McDonald's | $246.95 | $246.52 | +0.17% | $2.0m |
| NFLX | NFLXX | Netflix | $64.75 | $68.69 | -5.74% | $1.9m |
| VTI | VTIX | Vanguard Total Stock Market ETF | $379.19 | $377.09 | +0.56% | $1.8m |
| IBM | IBMX | IBM | $243.20 | $241.92 | +0.53% | $1.1m |
| LLY | LLYX | Eli Lilly | $1,288.66 | $1,283.66 | +0.39% | $1.1m |
| KO | KOX | Coca-Cola | $93.76 | $93.49 | +0.29% | $1.0m |
| CVX | CVXX | Chevron Corp | $225.15 | $225.71 | -0.25% | $1.0m |
| CRWD | CRWDX | CrowdStrike | $226.05 | $227.37 | -0.58% | $800.6k |
| APP | APPX | AppLovin | $271.68 | $272.46 | -0.29% | $761.3k |
| XOM | XOMX | Exxon Mobil | $179.29 | $177.86 | +0.80% | $652.4k |
| CSCO | CSCOX | Cisco Systems | $106.95 | $106.71 | +0.22% | $648.2k |
| UNH | UNHX | UnitedHealth | $420.68 | $419.26 | +0.34% | $636.5k |
| CRM | CRMX | Salesforce | $242.90 | $242.43 | +0.19% | $591.7k |
| JNJ | JNJX | Johnson & Johnson | $258.82 | $259.36 | -0.21% | $576.3k |
| NVO | NVOX | Novo Nordisk | $38.86 | $39.35 | -1.25% | $493.6k |
| JPM | JPMX | JPMorgan Chase | $340.76 | $335.26 | +1.64% | $455.9k |
| PEP | PEPX | PepsiCo | $135.61 | $134.02 | +1.19% | $363.5k |
| PFE | PFEX | Pfizer | $30.06 | $30.11 | -0.17% | $359.4k |
| PG | PGX | Procter & Gamble | $158.81 | $159.32 | -0.32% | $343.4k |
| GS | GSX | Goldman Sachs Group | $877.61 | $884.81 | -0.81% | $282.4k |
| ABBV | ABBVX | AbbVie | $288.61 | $289.08 | -0.16% | $280.6k |
| WMT | WMTX | Walmart | $119.07 | $117.85 | +1.04% | $208.7k |
| BAC | BACX | Bank of America | $50.65 | $50.64 | +0.02% | $206.0k |
| MA | MAX | Mastercard | $619.67 | $620.42 | -0.12% | $199.3k |
| CMCSA | CMCSAX | Comcast | $22.31 | $22.36 | -0.22% | $196.9k |
| DHR | DHRX | Danaher | $222.36 | $224.24 | -0.84% | $166.8k |
| ABT | ABTX | Abbott Laboratories | $101.31 | $102.45 | -1.11% | $153.7k |
| MRK | MRKX | Merck | $147.70 | $148.30 | -0.40% | $151.7k |
| ACN | ACNX | Accenture | $239.09 | $239.12 | -0.01% | $146.4k |
| HON | HONX | Honeywell | $213.53 | $213.32 | +0.10% | $131.3k |
| PM | PMX | Philip Morris | $203.60 | $199.90 | +1.85% | $120.9k |
| TMO | TMOX | Thermo Fisher Scientific | $693.41 | $687.37 | +0.88% | $108.4k |
| AZN | AZNX | AstraZeneca PLC | $166.74 | $168.82 | -1.23% | $108.0k |
| LIN | LINX | Linde plc | $496.42 | $501.89 | -1.09% | $97.1k |
| HD | HDX | Home Depot | $315.76 | $315.11 | +0.21% | $87.1k |
| MDT | MDTX | Medtronic | $93.00 | $94.63 | -1.72% | $81.3k |