AppLovin xStock 

APPX Price

What is AppLovin xStock?

AppLovin xStock (APPX) is a tokenized tracker certificate that follows the price of AppLovin Corporation (NASDAQ: APP) Class A common stock, issued by Backed Assets (JE) Limited under the xStocks line of on-chain US equities. Each APPX token is designed to track the economic value of one underlying APP share held with regulated custodians. Backed Finance AG acts as tokenizer; Security Agent Services AG acts as security agent. xStocks launched June 30, 2025 with 60+ tokenized US stocks and ETFs. APPX gives non-US crypto users 24/7 on-chain exposure to a stock that otherwise trades on NASDAQ during market hours.

Is AppLovin xStock backed by real APP shares?

Yes. Each APPX certificate is backed by one AppLovin Class A share (ISIN US03831W1080) held with regulated custodians. The tracker certificate itself carries ISIN CH1436219641. Backed Assets (JE) Limited issues the certificates, and holders can exit through the issuer's redemption process against the underlying shares. Backing depends on the issuer's custodial structure, not on any crypto-native reserve.

How does the APPX token supply expand and contract?

APPX carries an elastic mint/redeem inventory with no fixed maximum supply — see DropsTab for the live figure. New certificates are minted when investors issue additional APPX, and supply contracts when holders redeem certificates against underlying APP shares. No mining, staking emission, or inflation schedule exists. Supply-derived "market cap" is therefore not comparable to native crypto assets.

Where can I buy AppLovin xStock (APPX)?

Per DropsTab data, APPX exists on four networks: as a Solana SPL token, and as the same ERC-20 contract on Ethereum, BNB Chain, and Arbitrum One. Kraken lists APPx through its xStocks product with 24-hour trading, Bybit debuted xStocks trading, and the token circulates on Solana DEXs including Raydium and Jupiter aggregator routing. Centralized and on-chain access routes serve different jurisdictions.

Is the APPX token the same as the APPX ETF?

No. The ticker "APPX" also belongs to the Tradr 2X Long APP Daily ETF, a leveraged exchange-traded fund that trades through traditional brokerage venues. AppLovin xStock is a non-leveraged tokenized tracker certificate that trades on-chain. The two instruments are unrelated — different issuers, different structures, different venues.

Can US investors buy AppLovin xStock?

No. The product is explicitly not available to US persons and is not registered under the US Securities Act of 1933. UK retail clients are also generally excluded. Availability targets non-US crypto users through venues such as Kraken and Bybit plus on-chain Solana DEXs.

What fees does AppLovin xStock charge?

Per the issuer's product documentation, the APPX tracker charges no management fee at present. A management fee of up to 0.25% per year may be introduced later. Issuance and redemption may cost up to 0.50% of the investment value on entry and exit.