COINx
Coinbase xStock
Backed Assets (JE) Limited · Jersey · brand xStocks
Mint · solana
economic exposure / wrapperUnderlying: Coinbase Global, Inc. (COIN · NASDAQ · ISIN US19260Q1076) — exposure, not ownership
On-chain identityConfirmed
Issuer mappingConfirmed
Terms coverageConflicting
Source freshnessConfirmed
Rights
What a holder has — and does not have
Instrument categoryTracker certificate — economic exposure / wrapperSourcedproduct
Base Prospectus — Tracker Certificates↗§2 Description of the Certificates
Paraphrase: Certificates are debt instruments of the issuer that track the price of the underlying share.
id coinx.categoryreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
What the holder has a claim onA claim against Backed Assets (JE) Limited under the certificate terms — not a shareholder position in Coinbase Global, Inc.Sourcedissuer
Base Prospectus — Tracker Certificates↗§4.1 Status of the Certificates
Paraphrase: Certificates constitute direct, secured and unsubordinated obligations of the issuer.
AssetBrief readingHolding COINx does not make the holder a shareholder of Coinbase Global, Inc
id coinx.claim_typereviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Voting rightsNone in Coinbase Global, Inc.Sourcedproduct
xStocks documentation↗FAQ › Do I get voting rights?
“Holders of xStocks do not receive voting rights in the underlying company.”
id coinx.votingreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
DividendsNet cash amounts reinvested — reflected through the token multiplier, not paid outSourcedproduct
Final Terms — COINx↗§7 Distributions
Paraphrase: Cash distributions, net of applicable withholding, are reinvested and reflected in the multiplier.
xStocks documentation↗Corporate actions › Dividends
“Dividends are reinvested automatically; your token balance display adjusts.”
id coinx.dividendsreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Corporate actionsTwo primary sources describe different treatmentDisputedproduct
Final Terms — COINx↗§8 Adjustment events
Paraphrase: On a split or stock distribution the issuer adjusts the multiplier; no new tokens are issued.
xStocks documentation↗Corporate actions › Stock dividends
“Stock dividends may be distributed to holders as additional tokens.”
AssetBrief readingThe page date does not settle this. Product/version scope is with the reviewer; both readings stay visible
id coinx.corporate_actionsreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Backing statementSource states the certificates are collateralised by the underlying held with a custodianSourcedissuer
Base Prospectus — Tracker Certificates↗§5 Collateral
Paraphrase: Obligations are secured by the underlying assets held by the custodian for the benefit of holders.
AssetBrief readingThis is what the issuer states. AssetBrief does not audit or attest that the collateral exists
id coinx.backingreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Redemption
Who can exit with the issuer, how, and at what cost
Redemption processDirectly with the issuer through an onboarded account — tokens are burned, cash value of the underlying is paidSourcedissuer
Base Prospectus — Tracker Certificates↗§6.2 Redemption by holders
Paraphrase: Eligible holders may request redemption through the issuer's onboarding platform.
id coinx.redemption_processreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Who can redeemOnboarded eligible investors after KYC; not US personsSourcedissuer
xStocks documentation↗Eligibility
“Minting and redemption are available to verified eligible customers only.”
id coinx.redemption_eligibilityreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Redemption minimumNot stated in the reviewed documents for this productUnknownissuer
No reviewed document states this. It stays unknown until a binding source is attached — it is not read as “no limit” or “no fee”
id coinx.redemption_minimumreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Redemption feesPer the issuer fee schedule — amount not fixed in Final TermsSourcedissuer
Final Terms — COINx↗§9 Fees
Paraphrase: A redemption fee may apply as set out in the issuer's fee schedule.
id coinx.redemption_feesreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Access & venues
Who may hold it and where it trades
Transfer & access restrictionsNot offered to US persons. Token program allows issuer pause, permanent delegate and transfer hookSourcedissuer
xStocks documentation↗Restricted jurisdictions
“xStocks are not available to US persons or residents of restricted jurisdictions.”
AssetBrief readingPause / permanent delegate are read from the mint on-chain, not from documents
id coinx.transferreviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Venue tradingPermissionless Solana pools trade 24/7; that does not open issuer redemption or guarantee an exit without spreadSourcedvenue
xStocks documentation↗Trading › 24/7 markets
“xStocks can be traded on supported on-chain venues at any time.”
id coinx.venuereviewed 31 Oct 2026, 17:12 UTCby rv.oduya
Market modes
Three clocks, kept apart. Live status only where a verified calendar exists; trading access by country is never promised
underlying market
NASDAQ regular session
Mon–Fri 09:30–16:00 America/New_York
Checking calendar…
NYSE holiday & early-close calendar applied
issuer issuance / redemption
Backed Assets onboarding platform
Business days, stated per issuer Europe/Zurich
Live status unknown
No verified issuer calendar — live status not shown
venue trading
Solana on-chain pools
24/7 UTC
Trading
Spreads widen when the underlying market is closed
Sources
Everything this card cites
Version history
Published versions are immutable
v3
Corporate actions marked disputed — two primary sourcese86e337a1ac9 · ed.marta → rv.oduya · 31 Oct 2026, 17:12 UTC
publishedv2
Added venue row, split issuer vs venue hours8c09af51b20d · ed.kiran → rv.lindqvist · 13 Oct 2026, 14:12 UTC
supersededv1
First published card659c1b83d75f · ed.marta → rv.lindqvist · 26 Sep 2026, 18:12 UTC
supersededLimits. Not a legal opinion, trading advice or a reserve attestation. Issuer statements are quoted as the issuer's. “Confirmed mapping” means a source links this mint to the issuer — not that the issuer endorses AssetBrief. Missing fields are unknown, not “no restriction”.