01 /
Brief
Swiss-regulated tokenized securities issuer, acquired by Kraken (2025). The wrapper factory behind xStocks: 100 tokenized US equities live as of March 2026, target 500+ by EOY.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Equities
- Token standards
- erc-20
- Regulatory
- swiss-finma, mica, eu-dlt-pilot
- Jurisdiction
- EU
- Analytics
- app.rwa.xyz/issuers/backed-finance
03 /
Connections
Who they build with, build on, integrate with.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
