Backed MicroStrategy Inc
Peers · Tokenized security
| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|
Same underlying · MicroStrategy
13 WAYS IN| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| bMSTR ◂ | Backed Finance | PRICE | — | NOT RATED | — |
| MSTRx | Backed / Kraken (xStocks) | PRICE | — | HIGH | ~$1 |
| m.MSTR | Monetae Securities, S.A. de C.V. | PRICE | — | NOT RATED | — |
| MSTRon | Ondo Global Markets (BVI) | PRICE | — | NOT RATED | — |
| MSTR.RP | BG El Salvador, S.A. de C.V. (Reality) | PRICE | — | NOT RATED | — |
| svMSTR | NexBridge | PRICE | — | — | — |
| MSTR.SW | SwarmX GmbH / Swarm | PRICE | — | NOT RATED | — |
| MSTR.BP | Trek Nexus Markets Ltd (Backpack Securities) | PRICE | — | NOT RATED | — |
| tMSTR | S01 Issuer GmbH (ST0x) | PRICE | — | NOT RATED | — |
| MSTR.SEC | Securitize (issuer of the stock token) / Securitize | PRICE | — | NOT RATED | — |
| MSTR | Dinari | PRICE | — | — | — |
| MSTR.CB | Coinbase Onchain SPV Ltd (ADGM) | PRICE | — | NOT RATED | — |
| MSTR.RH | Robinhood Assets (Jersey) Limited | PRICE | — | NOT RATED | — |
Description
ISSUER DOCSToken 1:1 backed by MSTR (ISIN US5949724083), issued by Backed. Imported from the issuer catalogue — identity is sourced, the figures are not checked per instrument.
Buying · Q&A
5 QUESTIONSHow do I buy bMSTR?+
Buy on a DEX; direct issuance only for eligible investors. The issuer names these venues: Kraken, Bybit, Solana DEXs. The token runs on Ethereum / Base (+5).
Do I need KYC to buy bMSTR?+
Not on the secondary market: bMSTR can be bought on a DEX without identity verification. Minting it directly with the issuer does require KYC.
Who can buy bMSTR?+
As Backed / xStocks states it: EU, retail investors: yes (Through the venues that list it; the token itself is freely transferable); UK, retail investors: no (Kraken lists the UK among excluded jurisdictions, with Canada and Australia); US, accredited investors: no (Not accessible to US persons, whatever the investor class); US, retail investors: no (Not accessible in the US or to US persons). The issuer has the final word; check its terms before buying.
Is owning bMSTR the same as owning MSTR shares?+
No: it is a certificate that tracks the price. With Backed / xStocks, dividends are reinvested, not paid out. There are no voting rights.
What other tokens track MSTR?+
Besides bMSTR, MSTR is available as MSTRx (Backed / Kraken (xStocks)), m.MSTR (Monetae Securities, S.A. de C.V.), MSTRon (Ondo Global Markets (BVI)), MSTR.RP (BG El Salvador, S.A. de C.V. (Reality)), svMSTR (NexBridge), MSTR.SW (SwarmX GmbH / Swarm), MSTR.BP (Trek Nexus Markets Ltd (Backpack Securities)), tMSTR (S01 Issuer GmbH (ST0x)) and more. They track the same security but differ in issuer, legal structure, chain and target market.
Where to trade
SECONDARY MARKETNo market data for bMSTR yet — buy through the issuer below.
Issuer · primary market
SUBSCRIBE / REDEEMBuy on a DEX; direct issuance only for eligible investors
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
- Yield / return
- Price return
- Risk
- Not rated (imported)
- Minimum
- —
- Custody
- Self-custody
- KYC
- Required for primary market
Details
- Issuer
- Backed Finance
- Type
- Tokenized security
- Category
- Tokenized Stocks
- Tracks
- MSTR
- Underlying ISIN
- US5949724083
- Token ISIN
- CH1173294377
- Yield source
- MSTR price performance
- Network
- Ethereum / Base (+5)
- Jurisdiction
- Switzerland (non-US)
Questions
ANSWERS- Can I buy Strategy (MicroStrategy) (MSTR) as a token — and from which issuers?
- Which tokenized securities exist in Switzerland?
- Which tokenized stocks and ETFs can I buy on Ethereum?
- Who issues tokenized stocks — Coinbase, Robinhood, xStocks, Ondo, Dinari and the rest compared?
- xStocks or Ondo Global Markets — which tokenized stocks should I buy, and what do I actually own?