Vanguard tokenized ETF (xStock)

Built on the principles of tokenized equities, Vanguard tokenized ETF (xStock) (VTIX) is a tracker certificate issued as Solana SPL and ERC-20 tokens. This innovative product is designed to provide eligible cryptocurrency market participants with regulatory-compliant access to the ETF price of Vanguard Total Stock Market Index Fund ETF, while maintaining the benefits of blockchain technology.

The key technical features of VTIX include its ability to track the price of the underlying Vanguard Total Stock Market Index Fund ETF, which seeks to replicate the performance of the CRSP U.S. Total Market Index. This index covers nearly all publicly traded U.S. companies, offering broad exposure to large-, mid-, small-, and micro-cap stocks across all sectors. VTIX's management fee is 0.03% per year, reflecting the actual ongoing costs charged by the manager of the underlying fund.

VTIX has a range of real-world applications, including providing investors with a convenient and cost-effective way to gain exposure to the U.S. stock market. The token can be used for trading, investing, or as a store of value, offering users the flexibility to manage their portfolios in a secure and transparent manner. By leveraging blockchain technology, VTIX enables efficient and secure ownership transfer, settlement, and custody.

Backed Assets (JE) Limited is the issuer of VTIX, with Alpaca Securities LLC serving as the custodian. The product has been developed in collaboration with industry experts and has undergone rigorous testing to ensure its stability and security. As a tokenized ETF, VTIX offers a unique combination of traditional investment products and blockchain technology, positioning it as an attractive option for investors seeking to diversify their portfolios.

VTIX is listed on various exchanges, including CoinGecko, and has gained significant traction in the market. With its innovative design and robust technical features, VTIX is poised to continue growing in popularity among cryptocurrency enthusiasts and traditional investors alike. As a leading tokenized ETF, VTIX is well-positioned to capitalize on the increasing demand for digital assets and provide users with a secure and efficient way to invest in the U.S. stock market.