Assets · Structured note · issued by Backed Finance
MicroStrategy xStock (MSTRx)Updated 21 Oct 2026
xStocks token tracking Strategy Inc. - Class A (underlying ISIN US5949724083). RWA.xyz showed about $74.3m outstanding on 2026-10-12, which puts it among the group's largest tokens.
Asset sources[1][2][3][4][5] · ERC-20[5] · Token-2022[5] · ISIN CH1436219633
Issued through xStocks tokenised equities (Backed, Kraken) Live (scaled)
Classification · high confidence
- Legal form
- Structured note from issuance terms
- Underlying
- Listed equities
- Value behaviour
- Market price · no income
- Ledger role
- Native
- Legal labels
- tracker certificates (debt securities) under an FMA-approved base prospectus, passported in the EEA (Liechtenstein)[1]
Dividends are reinvested into more of the underlying and shown through rebasing balances; the underlying pays no dividend, so yieldBearing false. Ledger native: ownership is recorded on a public blockchain. The token's own CH ISIN is not in FIRDS, so no CFI; the programme's Visa xStock carries CFI DEMMRS.
Sourced[1]. How assets are classified: methodology.
Contracts
Addresses as published by the issuer. Check them on the explorer before relying on them. Supply per network comes from the issuing deployment's on-chain figures.
| Network | Address | Standard | Supply here | Source |
|---|---|---|---|---|
| Solana | XsP7xzNP…jdxxyZ ↗ | — | ~$413.7m | [4] |
| Ethereum | 0xae2f84…49b08e ↗ | — | ~$160.4m | [4] |
| Ink | 0xae2f84…49b08e ↗ | — | ~$23.6m | [4] |
| Mantle | 0xae2f84…49b08e ↗ | — | ~$4.57m | [4] |
| Arbitrum | 0xae2f84…49b08e ↗ | — | ~$2.3m | [4] |
| BNB Chain | 0xae2f84…49b08e ↗ | — | ~$1.28m | [4] |
| TON | EQBbsLYH…Up-46H ↗ | — | — | [4] |
| X Layer | 0xae2f84…49b08e ↗ | — | — | [4] |
| Optimism | 0xae2f84…49b08e ↗ | — | — | [4] |
| Monad | 0xae2f84…49b08e ↗ | — | — | [4] |
Sources
- [1]Backed Assets JE Limited Prospectus Document dated 14 November 2025 (Visa xStock final terms) — Backed Assets (JE) Limited (prospectus passport notification, MFSA copy), 14 Nov 2025. Accessed 21 Oct 2026. FMA passport form for the Visa xStock final terms under Backed's FMA-approved base prospectus: ISIN CH1436219310, CFI DEMMRS (debt, structured, no capital protection), security type 'debt with denomination below EUR 100,000'. Same programme as the other xStocks; their own ISINs are not in FIRDS..A
- [2]Strategy (MSTR) stock overview — Stock Analysis. Accessed 21 Oct 2026. Dividend field read 2026-10-21: n/a. No dividend paid..C
- [3]MSTRx asset dashboard — RWA.xyz. Accessed 13 Oct 2026. On-chain supply and value; issuer, ISIN and custody fields are RWA.xyz metadata..A
- [4]xStocks products — Backed (xStocks). Accessed 13 Oct 2026. Issuer's product list (1,165 tokens) with contract addresses per chain, read from the page data..B
- [5]Frequently Asked Questions | xStocks Docs — Backed (xStocks docs). Accessed 13 Oct 2026.B