Nasdaq xStock 

QQQX Price

What is the Nasdaq xStock (QQQX) tokenized stock?

Nasdaq xStock (QQQX) is a 1:1-backed tracker certificate that gives crypto traders on-chain exposure to the Nasdaq-100 Index. QQQX tracks the price of the Invesco QQQ Trust (QQQ) — the ETF holding the 100 largest non-financial companies listed on the Nasdaq Stock Market. The issuer is Backed Assets (JE) Limited, with Backed Finance AG acting as tokenizer under the xStocks program. Holders trade fractional positions from $1 around the clock on Solana and Arbitrum One. DropsTab classifies QQQX under Tokenized Stock.

Is QQQX the same as the QQQ ETF?

No. QQQX tracks the price of QQQ but is not a share of the ETF itself. Each certificate is fully backed by QQQ shares held with regulated custodians — Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG, with brokerage via GTN Europe Financial Services. QQQ trades on Nasdaq during market hours; the QQQX certificate trades 24/7 on-chain. The wrapper conveys price exposure, not ETF share ownership.

Who issues QQQX, and is it an official Nasdaq product?

No. The name references the tracked index, but Nasdaq Inc. does not issue QQQX. The issuer is Backed Assets (JE) Limited, a Jersey entity. Backed Finance AG, a Swiss company, acts as the tokenizer. The certificate carries ISIN CH1436219724. The tracked fund, Invesco QQQ Trust, carries ISIN US46090E1038. Distribution runs through the xStocks program (xstocks.com) to eligible customers via Kraken/Payward entities in 110+ countries.

Which blockchains is QQQX deployed on?

QQQX exists on two chains. The Solana version is an SPL token at address Xs8S1uUs1zvS2p7iwtsG3b6fkhpvmwz4GYU3gWAmWHZ. The Arbitrum One version is an ERC-20 proxy contract at 0xa753a7395cae905cd615da0b82a53e0560f250af — a verified Backed Finance AG deployment with minter, burner, and pauser roles plus a built-in Chainalysis sanctions-list check. Both addresses match DropsTab contract records.

What is the QQQX token's total and maximum supply?

QQQX has no fixed maximum supply. Supply follows an elastic mint-and-burn model: the issuer mints new tokens against deposited QQQ shares and burns tokens on redemption, 1:1 against custodial holdings. Emission is demand-driven, not scheduled — there is no insider allocation and no programmatic issuance. The live token count changes with every subscription and redemption window; see DropsTab for the current figure.

Does QQQX have a vesting schedule, ICO, or airdrop?

No. QQQX is an issued tracker certificate, not a token sold through a token generation event. There is no allocation schedule, no cliff dates, and no unlock-driven sell pressure. The only supply dynamics are subscription and redemption flows plus the annual fee accrual. No airdrop, retrodrop, or point-farming campaign exists for QQQX — ecosystem events such as the OKX xStocks listing wave of July 2026 and the Hyperliquid integration of August 2026 are xStocks-suite listings, not QQQX earning campaigns.

What fees does the QQQX certificate charge?

QQQX carries a 0.20% annual management fee, reflecting the underlying fund's costs. Issuance and redemption cost up to 0.50% per transaction. Fees accrue inside a rebase-style share multiplier rather than as separate charges to holders.

Where can you buy and trade QQQX?

Per DropsTab data, QQQX trades across 10+ markets split three ways. Centralized spot coverage is limited to mid-tier venues — BigONE and DigiFinex quote QQQX/USDT. Perpetual futures run on Gate.io Futures and Kraken Futures. On-chain liquidity sits on Solana: Raydium CLMM pools quote QQQx against USDC, SOL, and the cross-xStock pair SPYx, with additional Meteora pools. No Tier-1 centralized exchange runs a native QQQX spot book; eligible users access primary exposure through the Kraken xStocks venue.

Are all QQQX tokens on exchanges the same instrument?

No. Naming conventions differ by issuer. The x-suffix token on Solana (QQQx) is the Backed Finance xStock certificate. The r-prefix token listed on Bitget is a Reality Protocol rToken — a separate instrument with different custody. Traders must not merge the two: per DropsTab data, the Raydium x-suffix pairs resolve to the Backed xStock instrument, and r-token markets track a different product.

Can US and UK investors buy QQQX?

No, not directly. QQQX tokens are not registered under the US Securities Act of 1933 and may be transferred only to non-US persons. UK clients are excluded as well. Primary issuance requires qualified-investor status or a licensed financial intermediary. Retail distribution otherwise reaches eligible customers in 110+ countries through Kraken/Payward entities.