A tokenized tracker certificate providing on-chain exposure to the Invesco QQQ Trust ETF.

Nasdaq xStock (QQQx) is a tokenized tracker certificate issued by Backed Assets (JE) Limited through the xStocks ecosystem. It provides eligible crypto-market participants with on-chain economic exposure to Invesco QQQ Trust (QQQ), the ETF that tracks the Nasdaq-100. QQQx is issued on Solana and Ethereum/EVM-compatible networks and is backed by the corresponding traditional financial assets held through regulated custody arrangements. Importantly, QQQx is not a share of Nasdaq Inc. and not the QQQ ETF itself; it is a tokenized financial instrument designed to track the underlying ETF.