Solana
TSLAx is part of Backed's xStocks suite launched June 2025: fully collateralized tracker tokens on US equities issued under Reg S for non-US investors, trading on Solana DEXs and partner exchanges (Kraken, Bybit) with 1:1 underlying shares held in custody.
Tesla equity exposure, settled on Solana in seconds.
Prism analyst note
TSLAx made single-stock exposure a retail on-chain primitive: fractional from $1, 24/7, with real share collateral behind it. Volatility is Tesla's own, amplified by after-hours on-chain trading where thin weekend liquidity can gap. Certificate holders bear issuer structure risk and have no shareholder voting rights. This is economic exposure, not registered ownership.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Tesla, Inc. common stock (NASDAQ: TSLA)
- Legal structure
- Tracker certificate (Reg S), Backed Assets (JE) Ltd
- Jurisdiction
- Jersey / Switzerland
- Custodian
- Regulated broker custody of underlying TSLA shares
- Administrator
- Backed Finance AG
- Oracle / NAV source
- Chainlink (xStocks feeds)
- Reserve information
- 1:1 share collateral; holdings attested with proof-of-reserve feeds.
- Transfer restrictions
- Non-US persons only; freely transferable SPL token.
- Investor eligibility
- Non-US persons (Reg S)
- KYC required
- No, permissionless transfers
- Minimum investment
- $1.00
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 40K+
Documents & disclosures
Frequently asked
Do I get Tesla voting rights or dividends?+
No voting rights; corporate actions are passed through economically per the certificate terms.
