Know what you hold

xStocks are tracker certificates issued by Backed Assets (JE) Ltd. They follow a share price, but they are not shares and carry no shareholder rights.

• The issuer can freeze, pause or move tokens. Every xStock is a Token-2022 token whose issuer keeps a freeze authority, a pause switch and a permanent delegate. These powers can stop transfers or move tokens out of any wallet.
• Dividends and splits change a multiplier. Your raw token balance never changes. Dividends and splits raise an on-chain multiplier, so the number of shares you see moves on the effective date. Peg pauses trading for a few minutes around each change.
• Prices can drift from the stock. Prices come from on-chain trades routed by Jupiter. They can lag or differ from the underlying share, especially outside US market hours and in thin markets.
• Your wallet, your keys. Peg never holds your keys or funds. Your wallet signs every swap; Peg only prepares the transaction and relays the one you signed.

Not available to US persons. xStocks are not offered in the United States or to US persons, or where local rules prohibit them.