Nasdaq-100 (xStocks QQQx)

Key facts

Yield / return

Price + accumulating dividends

Risk

Medium (equity market)

Minimum

~$1

Liquidity

24/5 on Kraken; 24/7 on-chain

Custody

Self-custody possible

KYC

Required

Details

Issuer

Backed / Kraken (xStocks)

Type

Tokenized ETF

Category

Tokenized ETFs

Pillar

Market Tokens

Tracks

QQQ

Underlying ISIN

US46090E1038

Token ISIN

CH1436219724

Yield source

Nasdaq-100 performance + reinvested dividends

Network

Solana (+Ethereum, BNB, Arbitrum, Mantle)

Jurisdiction

Jersey / EU service (CySEC)

AUM

$24M

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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.

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).