CRCLX

Circle xStock

$127.76
0.22%
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Circle xStock (CRCLx) is a Solana-based tokenised certificate reflecting Circle Internet Group stock. Issued by Backed Finance, it provides blockchain-based access to the underlying equity for eligible participants.

xStocks are digital tokens that represent fractional ownership of specific U.S.-listed stocks or exchange-traded funds (ETFs). Each token corresponds 1:1 to an underlying asset, which is held in custody by Backed Finance. Issued on the Solana blockchain, xStocks allow for transfer and trading of these representations on-chain. They are used for purposes such as trading on supported exchanges, portfolio diversification, and participation in certain decentralised finance (DeFi) applications.

Circle xStock (CRCLx) is a tokenised tracker certificate designed to reflect the price of Circle Internet Group stock. It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to Circle through a regulatory-compliant structure.

The underlying asset is issued by Circle Internet Group, a U.S.-based digital financial technology firm. Circle is best known as the issuer of USD Coin (USDC), a regulated stablecoin pegged to the U.S. dollar, and provides infrastructure for payments, treasury management, and Web3 applications.

  • Issuer: Backed Assets (JE) Limited
  • ISIN: CH1436219773
  • Network / Chain: Solana (SOL)
  • Smart Contracts: Solana

  • Issuer: Circle Internet Group, Inc., One World Trade Center, New York, NY 10007, USA
  • ISIN: US1725731079
  • Symbol: CRCL
  • Name: Circle Internet Group

  • 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

xStocks are issued by Backed Finance, a Swiss-based company focused on tokenising traditional financial assets. Access to these tokens is restricted to non-U.S. persons in accordance with applicable regulations.