Berkshire Hathaway xStock 

BRK.BX Price

What is Berkshire Hathaway xStock (BRK.Bx)?

Berkshire Hathaway xStock (BRK.Bx) is a tracker certificate that gives crypto traders on-chain exposure to Berkshire Hathaway Inc. Class B shares (BRK.B, NYSE) without a brokerage account. Backed Assets (JE) Limited — a bankruptcy-remote Jersey subsidiary of Switzerland's Backed Finance AG — issues BRK.Bx as Solana SPL and ERC-20 tokens, each backed 1:1 by a Class B share held with a regulated custodian. Holding BRK.Bx conveys no shareholder rights.

Is BRK.Bx 1:1 backed by real Berkshire Hathaway shares?

Yes. Each BRK.Bx token is backed 1:1 by one Berkshire Hathaway Class B share held with a regulated custodian under a three-party Account Control Agreement. Proof of reserves is publicly verifiable at defi.xstocks.fi. Because backing is 1:1, token supply approximately equals the number of custodied Class B shares, and it expands or contracts with issuance and redemption — no fixed maximum exists. See DropsTab for the live figure.

Can BRK.Bx be redeemed for actual Berkshire Hathaway Class B shares?

BRK.Bx supports 1:1 redemption against the underlying Berkshire Hathaway Class B shares through the issuer's mint-and-redeem process. Issuance and redemption operate 24/5, aligned with US equity market hours, while secondary on-chain trading runs 24/7. Entries and exits carry a fee of up to 0.50%. Redemption is restricted: BRK.Bx is not offered to US persons and is unavailable to UK clients outside a narrow professional exception.

Does BRK.Bx pay dividends or confer Berkshire Hathaway shareholder rights?

BRK.Bx confers no shareholder rights — no voting rights and no direct share ownership, per Kraken's product disclosure. Economic effects of corporate actions pass through a different mechanism: an on-chain rebasing mechanism adjusts BRK.Bx balances to reflect Berkshire Hathaway dividends and stock splits. A Security Agent independent of the issuer oversees the structure, and segregated custody accounts protect the underlying shares.

Who issues BRK.Bx and how is it regulated?

The issuer of record is Backed Assets (JE) Limited, a bankruptcy-remote special-purpose vehicle in Jersey owned by Backed Finance AG of Switzerland. The structure isolates the underlying Berkshire Hathaway shares from the issuer's balance sheet. Regulatory status is a key restriction: BRK.Bx is not registered under the US Securities Act of 1933, purchasers must be Qualified Investors, and venue-level jurisdiction restrictions apply.

Where can I buy and trade BRK.Bx?

Per DropsTab data, BRK.Bx trades against USDC on Raydium (CLMM), a concentrated-liquidity DEX on Solana. Kraken also lists BRK.Bx for eligible retail clients in supported countries, with buy and sell against USD, crypto, or stablecoins and fractional orders from $1. Tokens exist on Ethereum, BSC, and Arbitrum per DropsTab contract records, but on-chain liquidity is concentrated in the Solana pair — a single-pair depth risk.

Can BRK.Bx be traded 24/7?

Secondary trading of BRK.Bx runs 24/7 on-chain — the Raydium BRK.Bx/USDC pool on Solana never closes. Centralized availability follows a different schedule: Kraken support and issuer redemption windows align with US equity market hours, operating 24/5. BRK.Bx tracks the Berkshire Hathaway Class B share price, so when the NYSE is closed the token can still trade on-chain, potentially at a spread to the last equity close.

Which blockchains support BRK.Bx?

BRK.Bx is deployed on four networks per DropsTab data: Solana (SPL), Ethereum, BSC (Binance Smart Chain), and Arbitrum One (ERC-20 on both). The Solana deployment carries the documented xStocks on-chain liquidity convention, with the Raydium CLMM BRK.Bx/USDC pair as the primary market. The xStocks bridge at defi.xstocks.fi moves tokens between chains.

What fees does BRK.Bx charge?

BRK.Bx currently carries no management fee. The issuer, Backed Assets (JE) Limited, may introduce a management fee of up to 0.25% per year. Issuance and redemption (entries and exits) carry a fee of up to 0.50% per the issuer's product page. Trading on Raydium or Kraken adds the usual venue-level trading fees, which sit outside the certificate's own fee structure.