TQQQ xStock 

TQQQX Price

What is the TQQQ xStock (TQQQX) tokenized stock?

TQQQ xStock (TQQQX) is a tokenized tracker certificate that gives on-chain traders exposure to ProShares UltraPro QQQ (TQQQ), the largest 3x leveraged Nasdaq-100 ETF — with around-the-clock settlement on crypto venues instead of brokerage hours. Backed Assets (JE) Limited issues the certificate under the xStocks brand. Tokenization inception: 2025-06-20. The instrument carries ISIN CH1436219757. TQQQX is a tokenized stock, not a native crypto coin. This page covers only the Backed wrapper — not the underlying TQQQ ETF and not Ondo's separate TQQQON token.

Which TQQQ ETF does TQQQ xStock (TQQQX) track?

TQQQX tracks the price of ProShares UltraPro QQQ (TQQQ). The underlying ETF seeks 3x the daily performance of the Nasdaq-100 index. Daily resetting means compounded returns over multi-day periods diverge from the index — and the 3x multiple amplifies losses as severely as gains, so drawdowns are extreme. TQQQX packages that exposure into an on-chain certificate.

How is the TQQQX tokenized stock different from the TQQQ ETF?

The TQQQ ETF is a brokerage asset that trades during US market hours. TQQQ xStock (TQQQX) is a Swiss-structured tracker certificate referencing that ETF, settling around the clock on crypto venues. A TQQQX holder owns a certificate, not an ETF share — price exposure is transferred, brokerage account custody is not required.

Who issues TQQQ xStock (TQQQX) and how is the structure set up?

Backed Assets (JE) Limited, a Jersey entity with LEI 984500001AB7C6C7F577, issues TQQQX. Backed Finance AG acts as tokenizer. Alpaca Securities LLC, InCore Bank AG and Maerki Baumann & Co. AG serve as brokers and custodians. The structure is cited under Liechtenstein's Blockchain Act, with FMA oversight. Operational risk concentrates in this broker-custodian chain.

Where can you trade TQQQ xStock (TQQQX)?

Per DropsTab data, TQQQX trades across three market types. Centralized spot: WhiteBIT (TQQQ/USDT). Decentralized: Raydium CLMM pools on Solana (TQQQx/USDC, TQQQx/SOL) — the x-suffix confirms the Backed xStock issuer there. Derivatives: Gate.io Futures and KuCoin Futures list perpetuals; these reference the underlying equity and carry no wrapper issuer.

Can US investors buy TQQQ xStock (TQQQX)?

No. TQQQX is not registered under the US Securities Act, and the certificate is unavailable to US persons — and mostly to UK persons. Eligibility ties to Swiss FinSA professional-client status or EU/EEA qualified-investor status. Crypto-venue availability does not lift these restrictions.

How does the TQQQ xStock (TQQQX) token supply expand and contract?

TQQQX has no fixed maximum supply and no emission schedule. Authorized participants mint and burn certificates 1:1 against the underlying ETF through licensed brokers, so on-chain supply rises and falls with investor demand at approximately NAV. The total is an elastic mint-and-redeem inventory — the live figure sits on the DropsTab supply panel. No team allocations or unlock dates exist.

What fees does TQQQ xStock (TQQQX) carry?

Two fee layers apply. The underlying TQQQ ETF charges 0.97% per year in fund costs. Each issuance or redemption of TQQQX certificates adds up to 0.50% in entry or exit fees. Total cost of holding exceeds the ETF's headline expense ratio.

How thin is liquidity for TQQQ xStock (TQQQX)?

Liquidity is thin. Per DropsTab data, centralized spot coverage for TQQQX is a single venue (WhiteBIT), and DEX liquidity is Raydium-only — depth on these books is materially shallower than in the underlying ETF. Slippage and premium or discount to NAV can be significant on large orders, so checking NAV before sizing trades is warranted.

Is TQQQ xStock (TQQQX) the same as Ondo Tokenized TQQQ (TQQQON)?

No. TQQQX is the Backed Finance xStocks wrapper; TQQQON is Ondo's separate tokenization of the same underlying ETF, issued on Ethereum and BNB Chain. TQQQX is issued natively as Solana SPL (token-2022) and as ERC-20 on Arbitrum One, Ethereum, Ink, HyperEVM, Mantle, Optimism and BNB Chain. The two instruments carry different issuers and custody chains.