MicroStrategy xStock
MSTRX Rank #266Price chart
What is MicroStrategy xStock?
Reference asset
MSTRx tracks MicroStrategy shares under the stock-market ticker MSTR. The company combines enterprise software activities with a Bitcoin treasury strategy. The certificate's ISIN is CH1436219633. Backed Finance provides the tokenization infrastructure. The product is issued as Solana SPL and Ethereum ERC-20 tokens.
Backing and rights
xStocks are collateralized by corresponding shares held with institutional custodians. Those securities are segregated from the issuer's own operating assets. Tokens provide financial exposure under the certificate terms. They do not convey shareholder voting rights or direct registration as an owner of the underlying shares. Corporate actions are handled through the product's token accounting mechanisms.
Issuance and access
Supply expands or contracts with issuance and redemption against the backing assets. There is no cryptocurrency-style mining schedule. Direct subscriptions use Backed's onboarding and investor qualification process. The issuer restricts distribution to US persons and other prohibited jurisdictions. Onchain trading can continue outside stock-exchange hours, although subscriptions, redemptions and access to the underlying market follow their respective operating arrangements.
Where to trade MSTRX
11 exchanges · top 10
Live spot quotes from connected exchanges
MSTRX funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.