Xiaomi Tokenized Stock (xStock), trading under the symbol XIAOx, is a blockchain-based financial instrument designed to track the share price of Xiaomi Corporation, the Chinese consumer electronics and smart-device manufacturer listed on the Hong Kong Stock Exchange under ticker 1810. Issued by Backed Assets (JE) Limited through the xStocks ecosystem, XIAOx provides eligible investors with economic exposure to Xiaomi shares through a transferable digital token on supported blockchain networks.
XIAOx is part of the xStocks platform, which brings traditional financial assets onto blockchain infrastructure. The token is structured as a tracker certificate backed 1:1 by the corresponding underlying security held through regulated custody arrangements. It allows users to access Xiaomi's share-price performance through compatible cryptocurrency platforms and wallets, subject to geographic restrictions and the product's legal terms.
Overview
Xiaomi Corporation develops and sells smartphones, smart-home devices, consumer electronics and other connected products. Founded in 2010, the company has expanded from smartphones into a broader technology ecosystem that includes internet services, wearable devices, home appliances and electric vehicles. Its shares trade on the Hong Kong Stock Exchange under the ticker 1810.
XIAOx provides a tokenized alternative for obtaining economic exposure to Xiaomi's publicly traded shares. Rather than purchasing and holding registered shares through a traditional brokerage account, eligible users hold a blockchain token representing a financial claim linked to the underlying equity. The token does not confer direct shareholder status or voting rights in Xiaomi Corporation.
History and Background
XIAOx was introduced as part of the xStocks tokenization initiative, which aims to connect traditional financial markets with blockchain-based trading and settlement. The product is issued by Backed Assets (JE) Limited, a Jersey-based issuer specializing in tokenized financial instruments. Backed Finance AG provides tokenization services for the product.
The initiative is designed to make selected equities accessible through supported exchanges, wallets and decentralized finance applications. By representing traditional securities as blockchain tokens, xStocks enables transfers and trading through digital asset infrastructure while maintaining a connection to the underlying financial instrument.
Technology and Token Structure
XIAOx is issued as a freely transferable token on supported blockchain networks. Its Ethereum-compatible implementations use the ERC-20 token standard, which supports transfers and integration with compatible wallets, exchanges and smart contracts. The token's backing and redemption arrangements are governed by the issuer's legal documentation.
- Underlying company: Xiaomi Corporation.
- Underlying stock ticker: 1810, Hong Kong Stock Exchange.
- Token symbol: XIAOx.
- Issuer: Backed Assets (JE) Limited.
- Tokenization platform: xStocks.
- Asset category: Tokenized equity and real-world asset (RWA).
- Token standard: ERC-20 on Ethereum and compatible networks.
- Product ISIN: CH1580497480.
- Contract address: 0xfb4f81f511b40b80996062032260a539e60adfc0 on supported EVM networks.
According to the issuer's product documentation, XIAOx is backed 1:1 by the underlying equity held through regulated custody arrangements. The xStocks framework also supports adjustments for corporate actions, including dividends and stock splits, through onchain balance or multiplier changes. The product documentation currently lists no management fee, although an annual fee of up to 0.25% may be introduced in the future. Issuance and redemption fees of up to 0.50% may also apply.
Users can consult the official Xiaomi xStock product page for the latest details, legal documents and eligibility requirements.
Use Cases and Market Position
XIAOx is designed for eligible investors seeking blockchain-based exposure to Xiaomi's share-price performance. Depending on the supported network and platform, holders may be able to trade the token, transfer it between compatible wallets or use it in supported decentralized finance applications.
Secondary-market trading can take place around the clock on participating platforms, unlike conventional stock exchanges, which operate during specified market hours. However, continuous trading availability does not guarantee liquidity or exact price alignment with Xiaomi shares traded in Hong Kong. Primary issuance and redemption remain subject to the issuer's operating arrangements and onboarding requirements.
Risks and Considerations
XIAOx carries risks associated with equity investing, tokenized financial instruments and blockchain infrastructure. Its value is linked to Xiaomi's stock performance, which may be affected by smartphone demand, competition, consumer spending, technology trends and the company's business results. Exchange-rate movements may also affect returns for investors whose base currency differs from the underlying share's trading currency.
Token holders should review the issuer's legal documentation to understand the nature of the financial claim, custody arrangements, redemption process, fees and corporate-action treatment. XIAOx does not provide the same rights as directly holding registered Xiaomi shares. The product is also restricted from distribution to U.S. persons and in other prohibited jurisdictions.
Xiaomi Tokenized Stock (xStock) connects exposure to Xiaomi Corporation with blockchain-based financial infrastructure. Its utility depends on the xStocks ecosystem, supported trading venues and the issuer's arrangements, while its investment performance remains tied to the underlying equity and the risks of tokenized securities.
