Amazon xStock 

AMZNX Price

What is the Amazon xStock (AMZNX) tokenized stock?

Amazon xStock (AMZNX) is a tokenized tracker certificate that gives crypto traders on-chain exposure to Amazon.com, Inc. (NASDAQ: AMZN) without a brokerage account. Backed Assets (JE) Limited issues the certificate, and Backed Finance AG tokenizes it. Each AMZNX token is 1:1 backed by the underlying Amazon share held in regulated custody. The token exists as a Solana SPL asset and an ERC-20, trades 24/7, and is purchasable fractionally from $1. Amazon.com neither issues nor endorses AMZNX.

Which company created xStocks and the AMZNX token?

xStocks is a line of tokenized stocks and ETFs created by Backed Finance, a company based in Zug, Switzerland. The xStocks line launched on June 30, 2025 with 55+ tokenized stocks and ETFs listed on Bybit, Kraken, and Solana DeFi. Trade press reported in 2025 that Kraken acquired Backed Finance. The x-suffix in the ticker AMZNX identifies the xStocks line and distinguishes the Backed wrapper from other tokenized Amazon wrappers.

What asset does AMZNX represent and what backs its value?

Each AMZNX token represents price exposure to one Amazon.com share (ISIN US0231351067), held 1:1 in regulated custody by the issuer, Backed Assets (JE) Limited. Holders can redeem tokens for the equivalent cash value or the underlying share. This 1:1 backing structure is what keeps a tokenized certificate distinct from an unbacked synthetic asset — redemption is the mechanism that anchors value.

How does AMZNX stay pegged to Amazon's stock price?

Arbitrage keeps the AMZNX price aligned with NASDAQ-listed Amazon shares. The issuer mints new certificates when demand rises and burns certificates on redemption, so supply expands and contracts mechanically to close any price gap. AMZNX has no fixed maximum supply — the mint/redeem inventory is elastic, and the live figure sits on DropsTab. Price tracks Amazon via this arbitrage, not through scarcity.

What fees does Amazon xStock charge?

The issuer currently charges no management fee on AMZNX, per the Backed issuer page last updated June 30, 2025. A management fee of up to 0.25% per year may be introduced. An issuance and redemption fee of up to 0.50% applies. Exchange trading fees and DEX pool fees are separate and set by each venue.

Where can I buy and trade Amazon xStock (AMZNX)?

AMZNX trades on both centralized exchanges and Solana decentralized exchanges. Per DropsTab data, verified spot markets include Gate, Bybit, and MEXC (AMZNX/USDT), with additional listings on BigONE, DigiFinex, and Biconomy. Derivatives run on Gate.io Futures and Kraken Futures. DEX liquidity sits in Raydium and Meteora pools against USDC and SOL. Depth concentrates on the verified centralized venues; venue-level geo-restrictions apply.

Is AMZNX a Solana token or an ERC-20?

AMZNX is deployed on both. The Solana SPL contract is Xs3eBt7uRfJX8QUs4suhyU8p2M6DoUDrJyWBa8LLZsg, and the ERC-20 contract on Arbitrum One is 0x3557ba345b01efa20a1bddc61f573bfd87195081. The issuer additionally lists deployments on Ethereum and a range of other EVM networks. Solana carries the deepest DEX liquidity through Raydium and Meteora pools, while centralized venues settle against USDT.

Can US investors buy Amazon xStock?

No. AMZNX tracker certificates are not registered under the US Securities Act of 1933, and the tokens are not available to US persons or residents. Per xStocks partner terms, availability also excludes residents of the UK, Canada, Australia, and sanctioned jurisdictions. The xStocks brand site lists availability in 110+ countries. In Kraken's ecosystem, access runs through regulated Payward entities in Bermuda and Cyprus (MiFID II).

Did AMZNX have an ICO, airdrop, or token sale?

No. Amazon xStock had no token sale, airdrop, or earning campaign — the DropsTab Activities tab holds no campaigns because none exist for this instrument. AMZNX certificates are minted on demand through the issuer's issuance process and bought on exchanges, not distributed through an ICO. Later distribution events, such as the OKX listing of 40+ xStocks-powered tokens in July 2026, were exchange listings, not airdrops.