Apple xStock

AAPLX Price

About Apple xStock (AAPLX)

Apple xStock (AAPLX) is a tokenized financial instrument that provides on-chain exposure to Apple Inc. (AAPL) common stock by tracking its market performance.

• Each AAPLX token is fully collateralized on a 1:1 basis by the underlying Apple Inc. shares held with regulated custodians.
• The asset is designed for 24/7 global accessibility, allowing users to hold and transfer stock value across multiple blockchain networks.
• It features an on-chain rebasing mechanism that automatically reflects corporate actions such as dividends and stock splits for token holders.

What Is Apple xStock

Apple xStock is a tokenized representation of publicly traded equity, issued as part of the xStocks network. It aims to bridge traditional capital markets and the on-chain economy by providing a liquid, blockchain-native format for Apple Inc. shares. Value moves through the system via a minting and redemption process where the issuer, Backed Finance, acquires physical shares to back the minted tokens.

The token is put to work within decentralized finance (DeFi) ecosystems, where it can be used as collateral, provided as liquidity, or integrated into structured financial products. This model scales as the xStocks Alliance—a collaboration of exchanges and protocols—integrates the asset into more venues, increasing its overall liquidity and adoption. If the source describes no such mechanism, it functions as a digital certificate of economic exposure to the underlying stock.

What Makes Apple xStock Unique

• 1:1 Collateralization: Every token is strictly backed by the physical underlying asset held in a bankruptcy-remote special purpose vehicle (SPV).
• Multi-Chain Mobility: The token is issued natively on various networks, including Ethereum, Solana, and Arbitrum, enabling cross-chain transferability.
• Permissionless Integration: Unlike traditional brokerage accounts, AAPLX can be held in self-custodial wallets and integrated permissionlessly into any compatible DeFi protocol.
• True to Price: Through an on-chain rebasing mechanism, the token balance adjusts to reflect corporate actions like dividends and reverse splits without requiring user intervention.

What Can You Use Apple xStock for?

Apple xStock is pegged to Apple Inc. stock through its underlying share holdings. It serves the following primary use cases:

1. Value retention: AAPLX allows users to hold a digital, on-chain representation of Apple Inc. stock, which may reduce exposure to broader crypto-market volatility by tracking a major technology equity.
2. Yield generation: The asset can be deployed in decentralized lending markets or liquidity pools to earn trading fees or interest, provided the specific DeFi protocol supports tokenized-stock.
3. Cross-border settlement / value transfer: It enables the frictionless transfer of Apple Inc. equity value globally across blockchain rails, bypassing the geographical restrictions and limited hours of traditional stock exchanges.
4. Collateralization: AAPLX is designed to be used as collateral in borrowing and lending protocols, allowing users to draw liquidity against their tokenized stock holdings without selling the asset.

How Does Apple xStock Work?

The technical mechanism of Apple xStock involves a secure custodial and smart contract architecture. When tokens are issued, a regulated custodian purchases the underlying Apple Inc. shares and places them in a segregated account. This structure is governed by a three-party Account Control Agreement to ensure asset security.

Smart contracts on various blockchains manage the minting and burning of tokens, maintaining a strict 1:1 ratio between the on-chain supply and the physical assets in custody. The system utilizes an on-chain rebasing mechanism to adjust balances in response to corporate actions. While the token is available on various blockchains, it does not function as a native gas token; transaction fees on the respective networks are paid using the native assets of those blockchains. This process ensures that the digital representation of the stock remains what-are-tokenized-stocks in a manner that is legally compliant and technically robust.

Team Info and Investors

Apple xStock is issued by Backed Finance, a Swiss-based company specialized in the real-world-assets-rwa sector. The project operates within a structured legal framework under the Swiss DLT Act and utilizes a bankruptcy-remote special purpose vehicle to protect token holders. The project is supported by the xStocks Alliance, a collaborative group that includes major industry participants such as Kraken, ByBit, and the Solana Foundation. While specific individual founder details are not provided in the primary documentation, the project maintains partnerships with regulated custodians and utilizes Chainlink for publicly verifiable proof of reserves. Similar to other tokenized products like Backed IB01 $ Treasury Bond 0-1yr, it emphasizes regulatory compliance and transparency.

Where can you buy Apple xStock?

AAPLX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Apple xStock is Kraken, where the most active trading pair AAPLX/USD has a trading volume of $3,597.03 in the last 24 hours. Other popular options include Bybit and BingX.

What is the daily trading volume of Apple xStock (AAPLX)?

The trading volume of Apple xStock (AAPLX) is $1,454,674.27 in the last 24 hours, representing a -9.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Apple xStock (AAPLX)?

Apple xStock (AAPLX) reached an all-time high of $317.11 and an all-time low of $201.64. It’s now trading -2.50% below that peak and 53.40% above its lowest price.

What is the market cap of Apple xStock (AAPLX)?

Market capitalization of Apple xStock (AAPLX) is $7,511,454 and is ranked #1214 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AAPLX tokens (24 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Apple xStock (AAPLX)?

The fully diluted valuation (FDV) of Apple xStock (AAPLX) is $197,156,559. This is a statistical representation of the maximum market cap, assuming total number of 640 Thousand ETH tokens are in circulation today.

How does the price performance of Apple xStock compare against its peers?

With a price increase of 9.90% in the last 7 days, Apple xStock (AAPLX) is outperforming the global cryptocurrency market which is up 6.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.