Strategy PP Fixed xStockPrice

(STRKX)

STRKX is a tokenized tracker certificate representing a 1:1 backing by the "Series A Perpetual 'Strike' Preferred Stock" issued by Strategy Inc. This digital asset provides exposure to traditional financial instruments in a Web3 format, allowing users to potentially benefit from a tokenized version of a specific preferred stock. It is part of the xStocks product line from Backed Assets.

No, STRKX is distinct from the Starknet (STRK) token. This is a crucial distinction to avoid confusion. Starknet (STRK) is a Layer 2 scaling solution token used within the blockchain ecosystem, whereas STRKX is a tokenized preferred stock, representing a share in a traditional company, Strategy Inc. They serve entirely different purposes and are unrelated assets.

The 8.00% fixed dividend for STRKX is typically managed by the issuer, Backed Assets. Investors should understand that dividends are generally reflected in the token's underlying value or distributed to eligible token holders. The specific method of dividend distribution, whether through stablecoins, additional tokens, or accrual into the token's price, depends on the issuer's policy for tokenized securities.

STRKX tokens are backed on a 1:1 basis by the underlying Series A Preferred Stock of Strategy Inc. These shares are held in custody by a regulated and compliant custodian based in Switzerland or the EU. This robust backing mechanism ensures that each STRKX token genuinely represents a claim to the traditional financial asset, providing transparency and verifiable proof of reserve for investors.

Generally, US investors are restricted from purchasing or holding STRKX. As a tokenized security compliant with EU and Swiss financial regulations, STRKX adheres to specific legal frameworks that typically prohibit its offering to US persons, in compliance with the regulations set forth by the U.S. Securities and Exchange Commission (SEC). This ensures the project operates within its intended regulatory scope.

STRKX tokens are available on various platforms. You can typically find and trade STRKX on reputable centralized exchanges like LBank. Additionally, it may be accessible on certain decentralized exchanges (DEXs) that support tokenized assets. Always ensure you are using a platform that complies with your local regulations and provides access to legitimate tokenized securities.