Coinbase xStock (COINx)
B+ 70.8/100
Live peg
On-chain$186.77
Underlying$188.42
Deviation-87.6 bps
Liquidity$995,242
Updatedjust now
Score breakdown
Peg integrity 30% weight
67
- 7d deviation p95 = 150.2 bps across 2019 observations (−30)
- Weekend p95 = 129.8 bps, max 143.7 bps (−3)
- 89.1% of observations within 100 bps of the underlying
Backing & reserves 25% weight
70
- Public proof-of-reserves published
- Attestation cadence: unverified
- Custodian: not publicly named — unverified
- Backing model: Each token 1:1 backed by the underlying security; dividends reinvested into the token
Issuer & legal 20% weight
100
- Named legal entity: Backed Finance (Switzerland)
- Regulatory framework: EU-approved securities prospectus; tokens issued as 1:1 backed tracker certificates
- Jurisdiction: Switzerland / EU prospectus regime
- No recorded incidents in registry
Liquidity 15% weight
74.9
- Live pool liquidity ≈ $995,242 (log-scaled)
Redemption rights 10% weight
20
- Redemption mechanism: unverified
- Redemption window: unverified
- Redemption eligibility: unverified
Facts & provenance
UnderlyingCOIN (US-listed)
Chainsolana
MintXs7ZdzSHLU9ftNJsii5fCeJhoRWSC32SQGzGQtePxNu
IssuerxStocks (Backed) — Backed Finance (Switzerland)
Sourcessolana.com/news/case-study-xstocks · solana.com/news/case-study-xstocks · backed.fi · www.coingecko.com/learn/what-are-xstocks-tokenized-stocks
Assay publishes methodology-based opinions on the structural soundness of tokenized assets, computed from public data. Nothing here is investment advice, an offer, or a recommendation to buy or sell any asset. Unverified facts are treated conservatively — issuers can submit documentation to complete their record.