Cisco tokenized stock (xStock)

Built on blockchain technology, Cisco tokenized stock (xStock) (CSCOX) is a tracker certificate issued as Solana SPL and ERC-20 tokens, designed to provide eligible cryptocurrency market participants with regulatory-compliant access to the stock price of Cisco Systems, Inc. This innovative solution maintains the benefits of blockchain technology while giving investors exposure to the leading global technology company's stock.

The key technical features of CSCOX include its issuance on both Ethereum (ERC-20) and Solana (SPL) networks, allowing for seamless integration with various cryptocurrency exchanges and wallets. The tracker certificate charges no management fee at present, although a fee of up to 0.25% per year may be introduced in the future. Additionally, a fee of up to 0.50% of the investment's value is applicable when entering and exiting the investment.

CSCOX offers a unique opportunity for cryptocurrency investors to gain exposure to Cisco Systems' stock price without the need for traditional brokerage accounts or intermediaries. This tokenized stock solution provides a convenient and accessible way for eligible market participants to track the performance of one of the world's leading technology companies. As CSCOX is designed to mirror the price of Cisco Systems, Inc., investors can benefit from potential price movements in the underlying asset.

Backed Assets (JE) Limited serves as the issuer of CSCOX, with Alpaca Securities LLC and InCore Bank AG acting as custodians and security agents. The product has been made available on various platforms, including CoinGecko, where it can be viewed in detail. Investors should note that CSCOX is not registered under the U.S. Securities Act of 1933, as amended, and may only be offered to non-U.S. persons or qualified investors.

The adoption of CSCOX has been steadily increasing since its launch, with a growing number of market participants recognizing the benefits of tokenized stock solutions. As the demand for such products continues to rise, it is likely that CSCOX will remain a prominent player in the cryptocurrency market, providing investors with a unique and accessible way to gain exposure to leading technology companies like Cisco Systems, Inc.