xStocks MicroStrategy (MSTRx) token
Overview
xStocks MicroStrategy (MSTRx) is a tokenized equity that tracks shares of Strategy (formerly MicroStrategy, ticker MSTR). It is issued by Backed Finance under the xStocks brand as a 1:1 asset-backed tracker certificate and deployed on Solana. MSTRx gives non-US users on-chain exposure to the underlying stock and can be traded or used as collateral within decentralized finance (DeFi) ecosystems.
Within the DeFi Intel graph, xStocks MicroStrategy (MSTRx) connects to 2 tracked entities, most strongly to Backed Finance, Solana.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Backed Finance | 90% |
deployed_on | Solana | 85% |
Frequently asked questions
What is xStocks MicroStrategy (MSTRx)?
MSTRx is a token that tracks shares of Strategy (formerly MicroStrategy), issued by Backed Finance under the xStocks brand as a 1:1 asset-backed tracker certificate on Solana.
How does MSTRx maintain its price peg to MicroStrategy stock?
xStocks uses an on-chain mechanism involving collateral and oracles to keep the token’s price closely tracking the underlying MSTR stock price.
What are the risks of holding MSTRx?
Risks include potential de-pegging from the underlying stock, smart contract vulnerabilities, and regulatory uncertainty around tokenized securities.
What is xStocks MicroStrategy (MSTRx) connected to?
In the DeFi Intel knowledge graph, xStocks MicroStrategy (MSTRx) is linked to 2 other tracked entities, most strongly to Backed Finance, Solana.
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