Direxion Daily 20 Year Treasury Bull 3X ETF xStock
Token 1:1 backed by TMF (ISIN US25460G1388), issued by Backed. Imported from the issuer catalogue — identity is sourced, the figures are not checked per instrument.
Retail (EU)
Buy on Kraken, optionally withdraw to a Solana wallet
Who may buy is set by the issuer — check their terms.
Price, yield or minimum: check with the provider
Our source lists what TMFx is and the security it tracks (TMF), and where it is held (Solana / Ethereum (+9)) — but states no price, yield or minimum for it. Left empty here rather than estimated.
Key facts
- Yield / return
- Yield accrues into the token price
- Custody
- Self-custody possible (withdraw to wallet)
- KYC
- Required
Details
- Issuer
- Backed / Kraken (xStocks)
- Type
- Tokenized security
- Category
- Tokenized ETFs
- Pillar
- Market Tokens
- Tracks
- TMF
- Underlying ISIN
- US25460G1388
- Token ISIN
- CH1588665294
- Yield source
- TMF price performance
- Network
- Solana / Ethereum (+9)
- Jurisdiction
- Jersey / EU service (CySEC)
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 confirmedBacked 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) LimitedJersey
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 can buy — as the issuer states it
- YesEU · Retail investors
Through the venues that list it; the token itself is freely transferable. — EEA base prospectus (transferable securities)
checked 2026-09-18 · issuer-docs · source - NoUK · Retail investors
Kraken lists the UK among excluded jurisdictions, with Canada and Australia.
checked 2026-09-18 · issuer-docs · source - NoUS · Accredited investors
Not accessible to US persons, whatever the investor class.
checked 2026-09-18 · issuer-docs · source - NoUS · Retail investors
Not accessible in the US or to US persons. — Offering made outside the US (Regulation S).
checked 2026-09-18 · issuer-docs · source
Quoted from the sources linked, on the date shown. Terms change; the issuer has the final word (issuer documentation).
Questions investors ask about Tokenized ETFs
Buying TMFx: common questions
How do I buy TMFx?
Buy on Kraken, optionally withdraw to a Solana wallet. The issuer names these venues: Kraken, Bybit, Solana DEXs. The token runs on Solana / Ethereum (+9).
Who can buy TMFx?
As Backed / xStocks states it: EU, retail investors: yes (Through the venues that list it; the token itself is freely transferable); UK, retail investors: no (Kraken lists the UK among excluded jurisdictions, with Canada and Australia); US, accredited investors: no (Not accessible to US persons, whatever the investor class); US, retail investors: no (Not accessible in the US or to US persons). The issuer has the final word; check its terms before buying.
Is owning TMFx the same as owning TMF shares?
No: it is a certificate that tracks the price. With Backed / xStocks, dividends are reinvested, not paid out. There are no voting rights.
What other tokens track TMF?
Besides TMFx, TMF is available as TMF (Dinari). They track the same security but differ in issuer, legal structure, chain and target market.
The same security, 2 tokens
TMF is not only available as TMFx. The alternatives below track the identical underlying (ISIN US25460G1388) but differ in issuer, chain, structure and the market each issuer aims them at.
Compare all 2 side by side →More in Leveraged & inverse ETFs
Direxion Daily 20 Year Treasury Bull 3X ETF is filed under Leveraged & inverse ETFs (ETFs & Funds). Industry: assigned by hand.
Read from a catalogue that states identity but no yield, minimum or risk. Those fields are empty because the source is silent on them, not because the values are zero. Yields are variable and not guaranteed. Not investment advice. © 2026 TokenBank — operated by NumericalsAI Inc. · JSON