Bank of America xStock 

BACX Price

What is the Bank of America xStock (BACX) tokenized stock?

Bank of America xStock (BACX) is a tokenized share of Bank of America Corporation (NYSE: BAC), issued under the xStocks program by Backed Assets (JE) Limited — a Jersey affiliate of Swiss issuer Backed Finance. Each BACX token is backed 1:1 by an underlying BAC share held with a regulated third-party custodian, and tracks the stock price on-chain. Bank of America does not issue the token. BACX gives holders indirect price exposure only — no ownership or voting rights — and is fractionally purchasable from $1.

Is BACX backed by real Bank of America shares?

Yes. Under the xStocks structure, each BACX token is backed 1:1 by a Bank of America share held with a regulated third-party custodian. Holders of the token do not own the share itself — the wrapper packages price exposure into a freely transferable on-chain instrument. Redemption for the underlying share or its cash value is available through Backed, with fees set out in the Base Prospectus. Backing and redemption rest entirely on Backed Assets (JE) Limited and its regulated custodian — a single-issuer dependency.

Do BACX holders get dividends or voting rights?

No. BACX holders receive no ownership, voting, or information rights in Bank of America — Kraken states the tokens "don't confer ownership." Dividends are not paid in cash: under the xStocks design, dividend value is automatically reinvested by increasing the token balance. The economic effect mirrors the underlying dividend, but the payout arrives as additional tokens rather than dollars.

What is the difference between BACX and BAC stock?

BAC is the common share listed on the NYSE, and BAC shares carry ownership and voting rights. BACX is a tokenized wrapper of that share: BACX tracks the BAC price on-chain, trades around the clock on crypto venues, and settles in crypto or stablecoins rather than through a brokerage. The BACX token confers no shareholder rights. The BACX price can also deviate from spot BAC where on-chain liquidity is thin or outside US market hours.

Can US investors buy BACX tokenized stock?

No. Distribution of BACX excludes US persons and residents of the United States, the United Kingdom, Canada, Australia, and sanctioned jurisdictions. The offering is structured outside US listing requirements, and the US Securities and Exchange Commission has stated that securities laws apply regardless of tokenization. Eligible users can buy BACX through Kraken and Bybit as non-US customers, in fractional amounts from $1.

How is the BACX token traded — on-chain or on exchanges?

Per DropsTab data, on-chain trading in BACX routes through the Meteora BACX/USDC pool on Solana; xStocks documentation also names Raydium, Orca, and the Jupiter aggregator as Solana routing venues. Kraken lists BACX under its own xStocks product with 24/5 trading against USD, crypto, and stablecoins, and Bybit is the other primary venue. Liquidity is thin for a newly listed wrapper — BACX can deviate noticeably from spot BAC, a standing caveat for all xStocks single-name tokens.

Does BACX have a fixed token supply?

BACX has no fixed maximum supply. The token is a wrapper: supply expands when users purchase BACX (minting against newly deposited BAC shares) and contracts when users redeem (burning the tokens). The token count is therefore an adoption indicator, not a cap. BACX exists as a native Solana SPL token, with a bridged ERC-20 version on Ethereum, BSC, and Arbitrum One. No insider allocation or burn schedule exists — supply-side risk comes from mint/burn mechanics and peg quality, not inflation.