xStocks
Permissionless tokenized-equities infrastructure backed 1:1 by underlying stocks and ETFs
xStocks is a tokenized-equities framework whose instruments represent publicly traded stocks and ETFs and are collateralized 1:1 by the corresponding underlying assets held with regulated custodians. The xStocks site identifies Backed Assets (JE) Limited as issuer and Backed Finance AG as the Swiss company maintaining the site; eligible distribution partners include Kraken and others. The published legal notices exclude the United States and U.S. persons, so this profile does not imply U.S. availability.