Compliance Information
This page provides comprehensive compliance information for tokenized stocks (xStocks), including issuer details, service providers, regulatory status, and geographical restrictions.
📋 Issuer Information
Backed Assets (JE) Limited
Basic Information:
- Company Name: Backed Assets (JE) Limited
- Jurisdiction: Jersey, Channel Islands
- Registered Address: First Floor, La Chasse Chambers, Ten La Chasse, St. Helier, Jersey, JE2 4UE
- Contact Email: [email protected]
- Registration Number: 152608
- LEI Code: 984500001AB7C6C7F577
Regulatory Status:
- Licensed by Jersey Financial Services Commission (JFSC) for COBO and CGPO activities
- 100% owned by Backed Finance AG, Zug, Switzerland
Financial Documents:
- Statutory Auditor's Report (2022/12/31)
- Backed Assets GmbH Audited Financial Statements (2023/12/31)
- Articles of Association (2024/01/18)
- Financial Statement Audit Report (2024)
🏢 Service Providers
Custodial Institutions
| Institution Name | Address | Role |
|---|---|---|
| Alpaca Securities LLC | 12 E 49th Street, Floor 11, New York, NY 10017, USA | Primary Custodian |
| InCore Bank AG | Wiesenstrasse 17, 8952 Schlieren, Switzerland | Swiss Custodial Bank |
| Maerki Baumann & Co. AG | Dreikönigstrasse 6, 8002 Zürich, Switzerland | Swiss Private Bank |
Other Key Service Providers
| Role | Institution Name | Address |
|---|---|---|
| Security Agent | Security Agent Services AG | Baarerstrasse 75, 6300 Zug, Switzerland |
| Transaction Bank | Maerki Baumann & Co. AG | Dreikönigstrasse 6, 8002 Zürich, Switzerland |
| Tokenization Service | Backed Finance AG | Baarerstrasse 14, 6300 Zug, Switzerland |
| Underlying Asset Broker | Alpaca Securities LLC | 12 E 49th Street, Floor 11, New York, NY 10017, USA |
| Authorized Participant | Payward Digital Solutions Ltd "Kraken" | Park Place, 55 Par-la-Ville Road, Hamilton, Pembroke, HM 11, Bermuda |
🚫 Restricted Countries and Regions
Prohibited Countries
Due to international sanctions, individuals or entities from the following countries are prohibited from using Backed products:
- 🇮🇷 Iran
- 🇰🇵 North Korea
- 🇸🇾 Syria
United States Restrictions
🇺🇸 United States: Backed products are not registered with US securities regulators and therefore may not be offered, sold, or provided to US persons or individuals located in the United States.
Countries Where Services Are Not Provided
Backed does not provide services to individuals or entities from the following countries:
| Country/Region | Notes |
|---|---|
| 🇦🇫 Afghanistan | |
| 🇧🇾 Belarus | |
| 🇨🇫 Central African Republic | |
| 🇨🇩 Democratic Republic of Congo | |
| 🇨🇺 Cuba | |
| 🇪🇹 Ethiopia | |
| 🇭🇹 Haiti | |
| 🇮🇶 Iraq | |
| 🇱🇧 Lebanon | |
| 🇱🇾 Libya | |
| 🇲🇱 Mali | |
| 🇲🇿 Mozambique | |
| 🇲🇲 Myanmar | |
| 🇳🇮 Nicaragua | |
| 🇳🇬 Nigeria | |
| 🇺🇦 Occupied territories of Ukraine | Crimea, Donetsk, Luhansk |
| 🇵🇭 Philippines | |
| 🇷🇺 Russia | |
| 🇸🇴 Somalia | |
| 🇸🇸 South Sudan | |
| 🇸🇩 Sudan | |
| 🇻🇪 Venezuela | |
| 🇾🇪 Yemen | |
| 🇿🇼 Zimbabwe |
xStocks Special Restrictions
xStocks are only available to non-US retail customers in specific regions:
- ❌ Not Available: United States, Canada, United Kingdom, European Union, Australia
- ✅ Available: Selected regions in Asia (please refer to support articles for details)
📜 Regulatory Framework
MiFID II Compliance
xStocks are issued as tracking certificates under a MiFID II compliant EU prospectus, ensuring:
- Transparent product structure
- Regulated custody arrangements
- Complete risk disclosure
- Investor protection measures
Regulatory Licenses
Jersey Financial Services Commission (JFSC):
- COBO License: Collective Investment Fund Business
- CGPO License: General Partnership Business
Bermuda Monetary Authority (BMA):
- Payward Digital Solutions Ltd (Kraken) holds Digital Asset Business License
⚠️ Important Risk Warnings
Investment Risks
- Price Volatility: Investment value may rise or fall
- Principal Risk: May lose entire investment
- Liquidity Risk: May not be able to liquidate in time
- Technical Risk: Blockchain and smart contract risks
- Regulatory Risk: Regulatory changes may affect products
Product Characteristics
- No Shareholder Rights: xStocks do not grant voting rights or dividend rights
- Price Tracking: Only provides price exposure to underlying assets
- Automatic Reinvestment: Dividends will be automatically reinvested into more tokens
📋 Compliance Requirements
Investor Obligations
- Identity Verification: Complete KYC/AML verification
- Suitability Assessment: Ensure products suit your investment objectives
- Legal Compliance: Comply with local laws and regulations
- Tax Reporting: Report taxes according to local requirements
Platform Obligations
- Customer Due Diligence: Implement strict KYC procedures
- Anti-Money Laundering: Monitor suspicious transaction activities
- Geographic Restrictions: Block access from restricted regions
- Risk Disclosure: Provide complete risk information
📞 Compliance Contact
For compliance-related inquiries, please contact:
- 📧 Email: [email protected]
- 🌐 Legal Documentation: https://assets.backed.fi/legal-documentation
- 📋 Service Provider Information: https://assets.backed.fi/legal-documentation/service-providers
- 🚫 Restricted Countries Information: https://assets.backed.fi/legal-documentation/restricted-countries
Disclaimer: This information is for reference only and does not constitute investment advice. Please carefully read relevant legal documents and consult professionals before investing.
Last Updated: January 2025