Instruments · Tokenized Stocks

Coinbase (xStocks COINx)

COINxTokenized StockHigh

Price return

Yield / return

1:1 backed token representing Coinbase Global stock, withdrawable to any compatible on-chain wallet. Volatile, crypto-correlated.

Target / Area

Retail (EU)

Buy on Kraken, withdraw to a Solana wallet

Who may buy is set by the issuer — check their terms.

Go to Backed ↗

Minimum ~$1 · Self-custody possible · verify with the provider before acting

Key facts

Yield / return: Price return
Risk: High (volatile single name)
Minimum: ~$1
Liquidity: 24/5 on Kraken; 24/7 on-chain
Custody: Self-custody possible
KYC: Required

Details

Issuer: Backed / Kraken (xStocks)
Type: Tokenized Stock
Category: Tokenized Stocks
Pillar: Market Tokens
Tracks: COIN
Underlying ISIN: US19260Q1076
Token ISIN: CH1436219708
Yield source: Coinbase share-price performance
Network: Solana (+Ethereum, BNB, Arbitrum, Mantle)
Jurisdiction: Jersey / EU service (CySEC)
AUM: —

Compare all providers by role →

What kind of asset is this? All types explained →

What you actually own

Backed / xStocks · Synthetic tracker

A certificate that tracks the price

Dividends: Reinvested, not paid out
"Dividend payouts will be automatically reinvested into more of the same token" — no cash reaches the holder.
Voting rights: No
Corporate actions: Not confirmed
Redemption: Not confirmed
Backed describes redemption for onboarded, KYC-verified investors; we have not verified the terms for retail holders.
If the issuer fails: A claim on the issuer
Transfer: Freely transferable
Issuing entity: Backed Assets (JE) Limited
Jersey

Kraken's own terms, quoted: holders "do not have ownership in any of the underlying stock or shares of the companies" and have "no voting rights, or distribution entitlements, or legal claims to the underlying stocks". This is the reason the programme sits outside the SEC's Innovation Exemption, which requires the same rights as the share.

checked 2026-09-18 · issuer-docs · source

Who it is aimed at

Target / Area

Retail (EU)

Where it trades: Kraken, Bybit, Solana DEXs

Who may buy is set by the issuer — check their terms (issuer documentation).

The same security, 7 tokens + 1 perp

COIN is not only available as COINx. The alternatives below track the identical underlying (ISIN US19260Q1076) but differ in issuer, chain, structure and the market each issuer aims them at. It also trades as a perpetual on Hyperliquid — price exposure without ownership.

bCOIN · Backed Finance

Retail (EU)

COINon · Ondo Global Markets (BVI)

Professional (EU)

COINB · bStocks

WTCOIN · ST0x

ACOIN · Anchored Finance (aStock)

COIN · Dinari

Retail (US)

Compare all 8 side by side →