Circle xStock

Circle xStock is one of the tokenized stocks issued under the xStocks brand, and its underlying asset is Circle Internet Group's CRCL share, traded on the New York Stock Exchange. xStocks products are issued by Backed; information on the issuer and the legal documents is published on Backed's website. CRCLx is not limited to a single network: it is issued directly on many networks, including Solana, Ethereum, Arbitrum, BNB Chain, TON and Mantle.

Under the xStocks approach, each token is intended to be backed one-to-one by the underlying share and to give its holder a claim on the share's value; the products are aimed at users outside the United States. The tokens can be transferred independently of the platform, held in personal wallets and used as collateral or as a trading instrument in decentralized finance protocols. They can trade around the clock on supported exchanges, while minting and redemption through the issuer follow the business days of the US stock market.

The reference for the CRCLx price is Circle stock; however, on weekends and while the exchange is closed, token trades can deviate from the underlying price. Issuer and custody risk, how liquidity is spread across networks and the regulation of tokenized securities are also factors to consider. The dollar price on the Lzzo.com page is DefiLlama's reference data, and the chart is fed by the same source.