Netflix xStockPrice

(NFLXX)

NFLXX is a tokenized tracker certificate issued by Backed Assets, designed to provide price exposure to Netflix, Inc. (NFLX) shares on the blockchain. It is a Real World Asset (RWA) token rather than the actual stock itself. While each token is backed 1:1 by real shares held in custody, holders do not possess direct shareholder rights, such as voting power or direct ownership of the underlying company. Instead, NFLXX acts as a digital claim to the price value of the stock, allowing users to hold equity exposure within a crypto wallet.

No, Netflix, Inc. is not affiliated with this project. NFLXX is issued independently by Backed Finance, a third-party organization. The company Netflix, Inc. does not support, oversee, or participate in the issuance of these tokens. The project simply uses the underlying value of the publicly traded shares to create a secondary blockchain-based product for cryptocurrency users.

Trading NFLXX offers several advantages for digital asset users, including the ability to trade with stablecoins like USDC and access to extended trading hours that go beyond traditional market schedules. Furthermore, because NFLXX exists on the blockchain, it can be integrated into the DeFi ecosystem. This allows holders to potentially utilize their tokens as collateral in decentralized lending protocols or participate in liquidity pools, providing utility that traditional brokerage shares do not offer.

Each NFLXX token is backed 1:1 by actual shares of Netflix common stock held by regulated third-party custodians, such as InCore Bank AG. The project operates under Swiss DLT laws to ensure compliance and transparency. To protect investors, the tokens are issued via a Special Purpose Vehicle (SPV), which means the underlying assets are legally ring-fenced from the issuer’s own balance sheet. This structure is designed to protect the value of the tokens even if the issuing company encounters financial difficulties.

NFLXX is primarily designed for non-U.S. users, as it is not registered under the U.S. Securities Act and cannot be legally offered to U.S. persons. Eligible global users can trade the token on major cryptocurrency exchanges, including LBank, or through various decentralized platforms across multiple blockchains. The token is multi-chain and is most active on Solana and Ethereum, but it is also available on networks like Arbitrum, BNB Smart Chain, and Polygon.

The issuer is responsible for ensuring the token reflects any corporate actions taken by Netflix, Inc. For example, if the company undergoes a stock split, the token quantity or price will be readjusted to maintain the correct exposure. While Netflix currently does not pay dividends, the certificate is structured to pass on the economic benefits of dividends to token holders if they were ever issued. This ensures that the token accurately tracks the total economic return of the underlying shares.