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Cross-wrapper comparison · 5 underlyings

The six questions no price API answers, across every covered symbol

One row per question, one column per wrapper, repeated for each underlying. Every cell is either a value with the issuer document, its revision, its section and the quoted passage behind it, or Unknown with the document that would resolve it. There is no third state, no ranking, no delta and no score — two answers on one row are two answers, and the comparing is yours.

Snapshot as of2026-07-30T18:40:05.196Z
Underlyings compared5
Questions per wrapper6
How EquityLayer records claims

Read-only verification. Not investment advice. No wallet or trading integration.

Who may hold these wrappers

The eligibility row first, pivoted the other way: one card per wrapper, covering every symbol at once, so a programme-level restriction is visibly programme-level and a series-level one is visibly series-level. Where the answer, its words and its citation are identical on every covered symbol, it is stated once and the symbols are listed; where any of those diverge, the symbols are listed separately.

Robinhood Stock TokenRobinhood Europe, UAB · Robinhood Chain · Live adapter
Unknown

Unknown

Resolves via: Which jurisdictions and investor categories are permitted to acquire, hold, or transfer the token. Half of this is now answered: see eligibility.investorCategory. The jurisdiction half is not. Reviewed the Robinhood Europe PRIIPs Key Information Document (1 July 2026), the Description of Services, Financial Instruments and Risks (from 1 July 2026), and the Robinhood Terms & Conditions (document id 20250822-4767855-15024375) on 2026-07-31 — none of the three enumerates the countries in which Stock Tokens may be offered, held, or transferred, and none states a US-person restriction for this product. Attempted the Stock Tokens terms and conditions at cdn.robinhood.com on 2026-07-31 — HTTP 403, unavailable. Would require the Robinhood Europe Stock Token customer agreement.

Same answer on all 5 covered underlyings: NVDA, AAPL, TSLA, MSFT, CRWD.

xStocks (Solana)Backed Assets (JE) Limited · Solana · Adapter planned — second rail
Verified · doc

Excluded outright: US persons and any US address, jurisdictions where distribution would be unlawful (the prospectus names North Korea, Syria and Iran), and FATF call-for-action jurisdictions. Permitted distribution rests on the FMA Liechtenstein approval notified into 29 named EEA states. Investor category is narrowed too: under Jersey's SPB Order the Products may be issued only to a Professional Investor or to someone who has acknowledged the SPB Order investment warning, and subscription or redemption with the issuer requires passing KYC/AML.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: IMPORTANT INFORMATION — General Sales Restrictions, and Terms and Conditions clause XXV. Selling Restrictions
THE PRODUCTS OFFERED UNDER THIS BASE PROSPECTUS ON PRIMARY MARKETS, SECONDARY MARKETS AND OTHER PLATFORMS ARE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. OR IN ANY OTHER JURISDICTION OR TO ANY OTHER PERSON TO WHICH A DISTRIBUTION WOULD BE UNLAWFUL. … not for distribution to any U.S. person or any person or address in the U.S. or in any other jurisdiction (i) to which a distribution would be unlawful (e.g. being subject to Sanctions Regulations, such as residents of North Korea, Syria or Iran), or (ii) which may be classified as high-risk jurisdictions subject to a call for action according to the Financial Action Task Force ('FATF').
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31

Same answer on all 5 covered underlyings: NVDA, AAPL, TSLA, MSFT, CRWD.

Every symbol, question by question

Evidentiary depth is not equal across underlyings. A cell is Verified only where that wrapper’s own document was read; no symbol inherits another symbol’s answer, which is why the tables below do not look alike.

NVDANVIDIA2 wrappersSnapshot as of 2026-07-30T18:40:05.196Z

NVDANVIDIA

The six questions no price API answers, for NVDA, one column per wrapper. Every cell is either a value with the issuer document behind it, or Unknown with the document that would settle it. Snapshot as of 2026-07-30T18:40:05.196Z. Two cells on one row are two answers side by side, not a ranking: nothing here is scored, ordered, or preferred.
QuestionRobinhood Stock TokenRobinhood Europe, UAB · Robinhood ChainToken: NVDALive adapterxStocks (Solana)Backed Assets (JE) Limited · SolanaToken: NVDAx — the issuer's Product Nr. 19.Adapter planned — second rail
Token-holder legal rightsWhat claim, if any, a token holder holds against the issuer or the underlying shares, and whether voting, proxy, or other shareholder rights pass through to the holder.rights.tokenHolderLegalRightsLink to this questionVerified · doc

No ownership of the underlying share and no shareholder rights — no vote, no proxy, no claim to the share. What the holder has is a contractual claim against Robinhood Europe, UAB, and nothing else.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What is this product? — Objectives
Holding the Product does not mean you own any shares or units, or that you have any rights to receive shares or units of the Underlying Asset. The Product does not allow you to redeem it for shares or units in the Underlying Asset or otherwise, and does not offer rights that you would have if you bought shares or units in the Underlying Asset directly (such as voting rights at shareholders' meetings).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A creditor claim against the issuer, secured on collateral allocated to that specific product — not share ownership. No vote, no dividend as a shareholder, no pre-emption, no claim on the underlying shares themselves, and no residual claim on the issuer once the pro-rata realisation proceeds have been paid.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause III. Rights attached to Products
The Investors have a sole claim to the Collateral allocated to the specific Product they are holding and no further claim to other Collateral allocated to other Products or to the Issuer's assets. … Each Investor's rights as creditor do not consist of any shareholders' rights; thus, excluding all rights of attendance, dividend payments, other participation rights or voting rights at a general assembly … The Investors in a Product are not entitled to any rights or claims to the Underlying or the Underlying Components or the Collateral
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Redemption for underlying sharesWhether a holder can redeem the token for the underlying share, on what terms, at whose discretion, and with what notice period.rights.redemptionForUnderlyingSharesLink to this questionVerified · doc

No. Cash-settled only. Exit is a buy-back by Robinhood Europe at the then-quoted price of the underlying, less fees, requested through the app — the token can never be exchanged for a share.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is the difference between a share/ETP and a share/ETP derivative contract?
US Share Derivatives are cash-settled only, meaning that they may not be redeemed for the underlying shares or ETPs themselves.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A holder-initiated redemption right does exist — the Investor Put Option, exercisable at any time by submitting a Redemption Order to the issuer — but it settles in cash or cryptocurrency, never in shares: physical delivery of the underlying is excluded. Settlement runs to T+5 after the issuer receives the tokens, minus Investor Fees, and only after the holder passes KYC/AML; the issuer may reject a redemption on negative findings.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause II. Form and Transferability of Securities, and clause VI.iv Investor Redemption (Investor Put Option) / VI.v Settlement
Physical delivery of the Underlyings/Underlying Components or any issuers of the Collateral or other entities is excluded and Investors' interests are settled in FIAT currency and/or cryptocurrencies in the event of a redemption or termination. … Any Investor may either by itself or through its financial intermediary … exercise its right to require the Issuer to redeem a number of securities for any one Product by submitting a sell order ('Redemption Order') … Such Redemption Order or Investor Put Option can be placed by the Investor at any time
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Country and investor eligibilityWhich jurisdictions and investor categories are permitted to acquire, hold, or transfer the token.eligibility.investorEligibilityLink to this questionUnknown

Unknown

Resolves via: Which jurisdictions and investor categories are permitted to acquire, hold, or transfer the token. Half of this is now answered: see eligibility.investorCategory. The jurisdiction half is not. Reviewed the Robinhood Europe PRIIPs Key Information Document (1 July 2026), the Description of Services, Financial Instruments and Risks (from 1 July 2026), and the Robinhood Terms & Conditions (document id 20250822-4767855-15024375) on 2026-07-31 — none of the three enumerates the countries in which Stock Tokens may be offered, held, or transferred, and none states a US-person restriction for this product. Attempted the Stock Tokens terms and conditions at cdn.robinhood.com on 2026-07-31 — HTTP 403, unavailable. Would require the Robinhood Europe Stock Token customer agreement.
Verified · doc

Excluded outright: US persons and any US address, jurisdictions where distribution would be unlawful (the prospectus names North Korea, Syria and Iran), and FATF call-for-action jurisdictions. Permitted distribution rests on the FMA Liechtenstein approval notified into 29 named EEA states. Investor category is narrowed too: under Jersey's SPB Order the Products may be issued only to a Professional Investor or to someone who has acknowledged the SPB Order investment warning, and subscription or redemption with the issuer requires passing KYC/AML.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: IMPORTANT INFORMATION — General Sales Restrictions, and Terms and Conditions clause XXV. Selling Restrictions
THE PRODUCTS OFFERED UNDER THIS BASE PROSPECTUS ON PRIMARY MARKETS, SECONDARY MARKETS AND OTHER PLATFORMS ARE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. OR IN ANY OTHER JURISDICTION OR TO ANY OTHER PERSON TO WHICH A DISTRIBUTION WOULD BE UNLAWFUL. … not for distribution to any U.S. person or any person or address in the U.S. or in any other jurisdiction (i) to which a distribution would be unlawful (e.g. being subject to Sanctions Regulations, such as residents of North Korea, Syria or Iran), or (ii) which may be classified as high-risk jurisdictions subject to a call for action according to the Financial Action Task Force ('FATF').
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Bankruptcy treatmentHow the underlying shares are held and segregated, and where token holders rank if the issuer, venue, or custodian becomes insolvent.rights.bankruptcyTreatmentLink to this questionVerified · doc

Unsecured single-counterparty exposure to Robinhood Europe, UAB. The KID states the Product is not covered by an investor compensation or deposit insurance scheme; no collateral pool, no security trustee, no ring-fenced pool of NVIDIA shares is described. Read alongside rights.investorInsuranceScheme, which reports the firm-level scheme the issuer publishes separately.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What happens if Robinhood Europe is unable to pay out?
The product is not covered by an investor compensation or deposit insurance scheme. Robinhood Europe is the sole counterparty to payment claims arising from the Product for all Underlying Assets. … you are exposed to the risk that we may be unable to fulfil our obligations under these contracts, which could result in you losing all or part of your investment (for example, if we become insolvent).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

Segregated, product-specific collateral with an independent Security Agent holding a lien for investors. Issuer insolvency is a Realization Event: the Security Agent realises that product's collateral and distributes Net Realization Proceeds pro rata to its holders. But holders rank behind the Security Agent, the Custodian and the Paying Account Provider, whose fee and cost claims come out first, and there is no residual claim on the issuer afterwards.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause IV. Collateralization, and clause XXII. Realization Event and Realization of Collateral
Any Collateral will be held and administered by the Issuer on one or several separate Collateral Accounts for each Product … the Issuer creates a right of lien (reguläres Pfandrecht, Forderungspfandrecht) over the Collateral in favour of (a) the Investors represented by the Security Agent … A realization event regarding the Collateral occurs when … the Issuer is subject to any form of winding up, administration, receivership, insolvency or debt enforcement proceedings … With first priority, the Security Agent, the Custodian and the Paying Account Provider shall be entitled to satisfy its claims against the Issuer … before any other payments are made.
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Venue feesMint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer.fees.venueFeesLink to this questionVerified · doc

Entry 0.10% and exit 0.10% of the amount, stated as the most that will be charged. Management, administrative, operating and transaction costs are all stated at 0.00% per year, and there is no performance fee. The document's own worked example: EUR 20 total cost on EUR 10,000 held for one year.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What are the costs? — Composition of costs
Entry costs 0.10% of the amount you pay in when entering this investment. This is the most you will be charged. … Exit costs 0.10% of your investment before it is paid out to you. … Management fees and other administrative or operating costs 0.00% of the value of your investment per year. … Transaction costs 0.00% … Performance fees: There is no performance fee for this Product.
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

Primary market: Investor Fees of up to 0.5% of the underlying's market price on issuance and again on redemption, with a USD 100 minimum each way. Ongoing: a Management Fee of up to 0.25% per year, accrued daily at 12:00 UTC; the issuer's product page states none is charged at present. Whatever a secondary-market venue charges is outside these documents.

Source: Final Terms for Product Nr. 19 NVIDIA xStock NVDAx (ISIN: CH1436219195) · read 2026-07-31Document: Final Terms for Product Nr. 19 NVIDIA xStock NVDAx (ISIN: CH1436219195)
Issuer: Backed Assets (JE) Limited (Jersey) · 17 November 2025, replacing the Final Terms dated 29 August 2025
Section: 1.1 Information Concerning the Products — Management Fee, Issue Price, Redemption Amount
Management Fee Calculated on a daily basis at 12pm (noon) (Coordinated Universal Time, UTC): up to 0.25% P/A per amount of one outstanding Security … [Issue Price] plus Investor Fees of up to 0.5% of the market price of the Underlying, but at least USD 100. … [Redemption Amount] minus Investor Fees of up to 0.5% of the market price of the Underlying, but at least USD 100.
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69237dca5c7a7cc8f92dc349_Backed%20Assets_Final%20Terms%20Nr%2019%20(NVDAx)_20251117.pdf · read 2026-07-31
Observed: 2026-07-31
True secondary-market depthResting order-book depth and realised secondary transfer volume, beyond the single top-of-book bid/ask the price endpoint returns.liquidity.secondaryMarketDepthLink to this questionVerified · doc

There is no secondary market to have depth in. The token is non-transferable and non-assignable: minted when the derivative is opened, burned when it is closed. No resting order book, no realised secondary transfer volume. Every entry and exit is bilateral with Robinhood Europe at the then-quoted price of the underlying.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is tokenisation?
When a new US Share Derivative contract is entered into, Robinhood will simultaneously issue (mint) a new fungible token over a blockchain. This token represents the ownership rights of the client over the US Share Derivative. The token is non-transferable and non-assignable. When the US Share Derivative is closed out, Robinhood burns the tokenised US Share Derivative contract from the blockchain.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Resting order-book depth and realised secondary transfer volume for the wrapper. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the Final Terms for Product Nr. 19 NVDAx (17 November 2025) on 2026-07-31 — neither publishes order-book depth or transfer volume, by design; the Final Terms record only that no market maker is appointed. Unlike the Robinhood token, this one is freely transferable, so a secondary market can exist and its depth is a real, unanswered question. Would require an onchain Solana adapter reading the issuer-named mint, plus order-book data from the venues that list it.

Open the full NVDA evidence card for every field on every wrapper, including the ones a price endpoint does answer.

AAPLApple2 wrappersSnapshot as of 2026-07-30T18:40:05.196Z

AAPLApple

The six questions no price API answers, for AAPL, one column per wrapper. Every cell is either a value with the issuer document behind it, or Unknown with the document that would settle it. Snapshot as of 2026-07-30T18:40:05.196Z. Two cells on one row are two answers side by side, not a ranking: nothing here is scored, ordered, or preferred.
QuestionRobinhood Stock TokenRobinhood Europe, UAB · Robinhood ChainToken: AAPLLive adapterxStocks (Solana)Backed Assets (JE) Limited · SolanaToken: Not establishedAdapter planned — second rail
Token-holder legal rightsWhat claim, if any, a token holder holds against the issuer or the underlying shares, and whether voting, proxy, or other shareholder rights pass through to the holder.rights.tokenHolderLegalRightsLink to this questionVerified · doc

No ownership of the underlying share and no shareholder rights — no vote, no proxy, no claim to the share. What the holder has is a contractual claim against Robinhood Europe, UAB, and nothing else.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What is this product? — Objectives
Holding the Product does not mean you own any shares or units, or that you have any rights to receive shares or units of the Underlying Asset. The Product does not allow you to redeem it for shares or units in the Underlying Asset or otherwise, and does not offer rights that you would have if you bought shares or units in the Underlying Asset directly (such as voting rights at shareholders' meetings).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A creditor claim against the issuer, secured on collateral allocated to that specific product — not share ownership. No vote, no dividend as a shareholder, no pre-emption, no claim on the underlying shares themselves, and no residual claim on the issuer once the pro-rata realisation proceeds have been paid.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause III. Rights attached to Products
The Investors have a sole claim to the Collateral allocated to the specific Product they are holding and no further claim to other Collateral allocated to other Products or to the Issuer's assets. … Each Investor's rights as creditor do not consist of any shareholders' rights; thus, excluding all rights of attendance, dividend payments, other participation rights or voting rights at a general assembly … The Investors in a Product are not entitled to any rights or claims to the Underlying or the Underlying Components or the Collateral
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Redemption for underlying sharesWhether a holder can redeem the token for the underlying share, on what terms, at whose discretion, and with what notice period.rights.redemptionForUnderlyingSharesLink to this questionVerified · doc

No. Cash-settled only. Exit is a buy-back by Robinhood Europe at the then-quoted price of the underlying, less fees, requested through the app — the token can never be exchanged for a share.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is the difference between a share/ETP and a share/ETP derivative contract?
US Share Derivatives are cash-settled only, meaning that they may not be redeemed for the underlying shares or ETPs themselves.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A holder-initiated redemption right does exist — the Investor Put Option, exercisable at any time by submitting a Redemption Order to the issuer — but it settles in cash or cryptocurrency, never in shares: physical delivery of the underlying is excluded. Settlement runs to T+5 after the issuer receives the tokens, minus Investor Fees, and only after the holder passes KYC/AML; the issuer may reject a redemption on negative findings.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause II. Form and Transferability of Securities, and clause VI.iv Investor Redemption (Investor Put Option) / VI.v Settlement
Physical delivery of the Underlyings/Underlying Components or any issuers of the Collateral or other entities is excluded and Investors' interests are settled in FIAT currency and/or cryptocurrencies in the event of a redemption or termination. … Any Investor may either by itself or through its financial intermediary … exercise its right to require the Issuer to redeem a number of securities for any one Product by submitting a sell order ('Redemption Order') … Such Redemption Order or Investor Put Option can be placed by the Investor at any time
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Country and investor eligibilityWhich jurisdictions and investor categories are permitted to acquire, hold, or transfer the token.eligibility.investorEligibilityLink to this questionUnknown

Unknown

Resolves via: Which jurisdictions and investor categories are permitted to acquire, hold, or transfer the token. Half of this is now answered: see eligibility.investorCategory. The jurisdiction half is not. Reviewed the Robinhood Europe PRIIPs Key Information Document (1 July 2026), the Description of Services, Financial Instruments and Risks (from 1 July 2026), and the Robinhood Terms & Conditions (document id 20250822-4767855-15024375) on 2026-07-31 — none of the three enumerates the countries in which Stock Tokens may be offered, held, or transferred, and none states a US-person restriction for this product. Attempted the Stock Tokens terms and conditions at cdn.robinhood.com on 2026-07-31 — HTTP 403, unavailable. Would require the Robinhood Europe Stock Token customer agreement.
Verified · doc

Excluded outright: US persons and any US address, jurisdictions where distribution would be unlawful (the prospectus names North Korea, Syria and Iran), and FATF call-for-action jurisdictions. Permitted distribution rests on the FMA Liechtenstein approval notified into 29 named EEA states. Investor category is narrowed too: under Jersey's SPB Order the Products may be issued only to a Professional Investor or to someone who has acknowledged the SPB Order investment warning, and subscription or redemption with the issuer requires passing KYC/AML.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: IMPORTANT INFORMATION — General Sales Restrictions, and Terms and Conditions clause XXV. Selling Restrictions
THE PRODUCTS OFFERED UNDER THIS BASE PROSPECTUS ON PRIMARY MARKETS, SECONDARY MARKETS AND OTHER PLATFORMS ARE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. OR IN ANY OTHER JURISDICTION OR TO ANY OTHER PERSON TO WHICH A DISTRIBUTION WOULD BE UNLAWFUL. … not for distribution to any U.S. person or any person or address in the U.S. or in any other jurisdiction (i) to which a distribution would be unlawful (e.g. being subject to Sanctions Regulations, such as residents of North Korea, Syria or Iran), or (ii) which may be classified as high-risk jurisdictions subject to a call for action according to the Financial Action Task Force ('FATF').
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Bankruptcy treatmentHow the underlying shares are held and segregated, and where token holders rank if the issuer, venue, or custodian becomes insolvent.rights.bankruptcyTreatmentLink to this questionVerified · doc

Unsecured single-counterparty exposure to Robinhood Europe, UAB. The KID states the Product is not covered by an investor compensation or deposit insurance scheme; no collateral pool, no security trustee, no ring-fenced pool of NVIDIA shares is described. Read alongside rights.investorInsuranceScheme, which reports the firm-level scheme the issuer publishes separately.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What happens if Robinhood Europe is unable to pay out?
The product is not covered by an investor compensation or deposit insurance scheme. Robinhood Europe is the sole counterparty to payment claims arising from the Product for all Underlying Assets. … you are exposed to the risk that we may be unable to fulfil our obligations under these contracts, which could result in you losing all or part of your investment (for example, if we become insolvent).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

Segregated, product-specific collateral with an independent Security Agent holding a lien for investors. Issuer insolvency is a Realization Event: the Security Agent realises that product's collateral and distributes Net Realization Proceeds pro rata to its holders. But holders rank behind the Security Agent, the Custodian and the Paying Account Provider, whose fee and cost claims come out first, and there is no residual claim on the issuer afterwards.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause IV. Collateralization, and clause XXII. Realization Event and Realization of Collateral
Any Collateral will be held and administered by the Issuer on one or several separate Collateral Accounts for each Product … the Issuer creates a right of lien (reguläres Pfandrecht, Forderungspfandrecht) over the Collateral in favour of (a) the Investors represented by the Security Agent … A realization event regarding the Collateral occurs when … the Issuer is subject to any form of winding up, administration, receivership, insolvency or debt enforcement proceedings … With first priority, the Security Agent, the Custodian and the Paying Account Provider shall be entitled to satisfy its claims against the Issuer … before any other payments are made.
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Venue feesMint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer.fees.venueFeesLink to this questionVerified · doc

Entry 0.10% and exit 0.10% of the amount, stated as the most that will be charged. Management, administrative, operating and transaction costs are all stated at 0.00% per year, and there is no performance fee. The document's own worked example: EUR 20 total cost on EUR 10,000 held for one year.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What are the costs? — Composition of costs
Entry costs 0.10% of the amount you pay in when entering this investment. This is the most you will be charged. … Exit costs 0.10% of your investment before it is paid out to you. … Management fees and other administrative or operating costs 0.00% of the value of your investment per year. … Transaction costs 0.00% … Performance fees: There is no performance fee for this Product.
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Mint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the xStocks Product Legal Overview on 2026-07-31 — both are programme-level and neither names the series detail for AAPL. Would require the Final Terms for the xStocks series over AAPL; this sweep read Product Nr. 19 (NVDAx) only. Resolve via xStocks / Backed Assets (JE) Limited prospectus / Final Terms.
True secondary-market depthResting order-book depth and realised secondary transfer volume, beyond the single top-of-book bid/ask the price endpoint returns.liquidity.secondaryMarketDepthLink to this questionVerified · doc

There is no secondary market to have depth in. The token is non-transferable and non-assignable: minted when the derivative is opened, burned when it is closed. No resting order book, no realised secondary transfer volume. Every entry and exit is bilateral with Robinhood Europe at the then-quoted price of the underlying.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is tokenisation?
When a new US Share Derivative contract is entered into, Robinhood will simultaneously issue (mint) a new fungible token over a blockchain. This token represents the ownership rights of the client over the US Share Derivative. The token is non-transferable and non-assignable. When the US Share Derivative is closed out, Robinhood burns the tokenised US Share Derivative contract from the blockchain.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Resting order-book depth and realised secondary transfer volume for the wrapper. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the Final Terms for Product Nr. 19 NVDAx (17 November 2025) on 2026-07-31 — neither publishes order-book depth or transfer volume, by design; the Final Terms record only that no market maker is appointed. Unlike the Robinhood token, this one is freely transferable, so a secondary market can exist and its depth is a real, unanswered question. Would require an onchain Solana adapter reading the issuer-named mint, plus order-book data from the venues that list it.

Open the full AAPL evidence card for every field on every wrapper, including the ones a price endpoint does answer.

TSLATesla2 wrappersSnapshot as of 2026-07-30T18:40:05.196Z

TSLATesla

The six questions no price API answers, for TSLA, one column per wrapper. Every cell is either a value with the issuer document behind it, or Unknown with the document that would settle it. Snapshot as of 2026-07-30T18:40:05.196Z. Two cells on one row are two answers side by side, not a ranking: nothing here is scored, ordered, or preferred.
QuestionRobinhood Stock TokenRobinhood Europe, UAB · Robinhood ChainToken: TSLALive adapterxStocks (Solana)Backed Assets (JE) Limited · SolanaToken: Not establishedAdapter planned — second rail
Token-holder legal rightsWhat claim, if any, a token holder holds against the issuer or the underlying shares, and whether voting, proxy, or other shareholder rights pass through to the holder.rights.tokenHolderLegalRightsLink to this questionVerified · doc

No ownership of the underlying share and no shareholder rights — no vote, no proxy, no claim to the share. What the holder has is a contractual claim against Robinhood Europe, UAB, and nothing else.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What is this product? — Objectives
Holding the Product does not mean you own any shares or units, or that you have any rights to receive shares or units of the Underlying Asset. The Product does not allow you to redeem it for shares or units in the Underlying Asset or otherwise, and does not offer rights that you would have if you bought shares or units in the Underlying Asset directly (such as voting rights at shareholders' meetings).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A creditor claim against the issuer, secured on collateral allocated to that specific product — not share ownership. No vote, no dividend as a shareholder, no pre-emption, no claim on the underlying shares themselves, and no residual claim on the issuer once the pro-rata realisation proceeds have been paid.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause III. Rights attached to Products
The Investors have a sole claim to the Collateral allocated to the specific Product they are holding and no further claim to other Collateral allocated to other Products or to the Issuer's assets. … Each Investor's rights as creditor do not consist of any shareholders' rights; thus, excluding all rights of attendance, dividend payments, other participation rights or voting rights at a general assembly … The Investors in a Product are not entitled to any rights or claims to the Underlying or the Underlying Components or the Collateral
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Redemption for underlying sharesWhether a holder can redeem the token for the underlying share, on what terms, at whose discretion, and with what notice period.rights.redemptionForUnderlyingSharesLink to this questionVerified · doc

No. Cash-settled only. Exit is a buy-back by Robinhood Europe at the then-quoted price of the underlying, less fees, requested through the app — the token can never be exchanged for a share.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is the difference between a share/ETP and a share/ETP derivative contract?
US Share Derivatives are cash-settled only, meaning that they may not be redeemed for the underlying shares or ETPs themselves.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A holder-initiated redemption right does exist — the Investor Put Option, exercisable at any time by submitting a Redemption Order to the issuer — but it settles in cash or cryptocurrency, never in shares: physical delivery of the underlying is excluded. Settlement runs to T+5 after the issuer receives the tokens, minus Investor Fees, and only after the holder passes KYC/AML; the issuer may reject a redemption on negative findings.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause II. Form and Transferability of Securities, and clause VI.iv Investor Redemption (Investor Put Option) / VI.v Settlement
Physical delivery of the Underlyings/Underlying Components or any issuers of the Collateral or other entities is excluded and Investors' interests are settled in FIAT currency and/or cryptocurrencies in the event of a redemption or termination. … Any Investor may either by itself or through its financial intermediary … exercise its right to require the Issuer to redeem a number of securities for any one Product by submitting a sell order ('Redemption Order') … Such Redemption Order or Investor Put Option can be placed by the Investor at any time
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Country and investor eligibilityWhich jurisdictions and investor categories are permitted to acquire, hold, or transfer the token.eligibility.investorEligibilityLink to this questionUnknown

Unknown

Resolves via: Which jurisdictions and investor categories are permitted to acquire, hold, or transfer the token. Half of this is now answered: see eligibility.investorCategory. The jurisdiction half is not. Reviewed the Robinhood Europe PRIIPs Key Information Document (1 July 2026), the Description of Services, Financial Instruments and Risks (from 1 July 2026), and the Robinhood Terms & Conditions (document id 20250822-4767855-15024375) on 2026-07-31 — none of the three enumerates the countries in which Stock Tokens may be offered, held, or transferred, and none states a US-person restriction for this product. Attempted the Stock Tokens terms and conditions at cdn.robinhood.com on 2026-07-31 — HTTP 403, unavailable. Would require the Robinhood Europe Stock Token customer agreement.
Verified · doc

Excluded outright: US persons and any US address, jurisdictions where distribution would be unlawful (the prospectus names North Korea, Syria and Iran), and FATF call-for-action jurisdictions. Permitted distribution rests on the FMA Liechtenstein approval notified into 29 named EEA states. Investor category is narrowed too: under Jersey's SPB Order the Products may be issued only to a Professional Investor or to someone who has acknowledged the SPB Order investment warning, and subscription or redemption with the issuer requires passing KYC/AML.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: IMPORTANT INFORMATION — General Sales Restrictions, and Terms and Conditions clause XXV. Selling Restrictions
THE PRODUCTS OFFERED UNDER THIS BASE PROSPECTUS ON PRIMARY MARKETS, SECONDARY MARKETS AND OTHER PLATFORMS ARE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. OR IN ANY OTHER JURISDICTION OR TO ANY OTHER PERSON TO WHICH A DISTRIBUTION WOULD BE UNLAWFUL. … not for distribution to any U.S. person or any person or address in the U.S. or in any other jurisdiction (i) to which a distribution would be unlawful (e.g. being subject to Sanctions Regulations, such as residents of North Korea, Syria or Iran), or (ii) which may be classified as high-risk jurisdictions subject to a call for action according to the Financial Action Task Force ('FATF').
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Bankruptcy treatmentHow the underlying shares are held and segregated, and where token holders rank if the issuer, venue, or custodian becomes insolvent.rights.bankruptcyTreatmentLink to this questionVerified · doc

Unsecured single-counterparty exposure to Robinhood Europe, UAB. The KID states the Product is not covered by an investor compensation or deposit insurance scheme; no collateral pool, no security trustee, no ring-fenced pool of NVIDIA shares is described. Read alongside rights.investorInsuranceScheme, which reports the firm-level scheme the issuer publishes separately.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What happens if Robinhood Europe is unable to pay out?
The product is not covered by an investor compensation or deposit insurance scheme. Robinhood Europe is the sole counterparty to payment claims arising from the Product for all Underlying Assets. … you are exposed to the risk that we may be unable to fulfil our obligations under these contracts, which could result in you losing all or part of your investment (for example, if we become insolvent).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

Segregated, product-specific collateral with an independent Security Agent holding a lien for investors. Issuer insolvency is a Realization Event: the Security Agent realises that product's collateral and distributes Net Realization Proceeds pro rata to its holders. But holders rank behind the Security Agent, the Custodian and the Paying Account Provider, whose fee and cost claims come out first, and there is no residual claim on the issuer afterwards.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause IV. Collateralization, and clause XXII. Realization Event and Realization of Collateral
Any Collateral will be held and administered by the Issuer on one or several separate Collateral Accounts for each Product … the Issuer creates a right of lien (reguläres Pfandrecht, Forderungspfandrecht) over the Collateral in favour of (a) the Investors represented by the Security Agent … A realization event regarding the Collateral occurs when … the Issuer is subject to any form of winding up, administration, receivership, insolvency or debt enforcement proceedings … With first priority, the Security Agent, the Custodian and the Paying Account Provider shall be entitled to satisfy its claims against the Issuer … before any other payments are made.
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Venue feesMint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer.fees.venueFeesLink to this questionVerified · doc

Entry 0.10% and exit 0.10% of the amount, stated as the most that will be charged. Management, administrative, operating and transaction costs are all stated at 0.00% per year, and there is no performance fee. The document's own worked example: EUR 20 total cost on EUR 10,000 held for one year.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What are the costs? — Composition of costs
Entry costs 0.10% of the amount you pay in when entering this investment. This is the most you will be charged. … Exit costs 0.10% of your investment before it is paid out to you. … Management fees and other administrative or operating costs 0.00% of the value of your investment per year. … Transaction costs 0.00% … Performance fees: There is no performance fee for this Product.
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Mint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the xStocks Product Legal Overview on 2026-07-31 — both are programme-level and neither names the series detail for TSLA. Would require the Final Terms for the xStocks series over TSLA; this sweep read Product Nr. 19 (NVDAx) only. Resolve via xStocks / Backed Assets (JE) Limited prospectus / Final Terms.
True secondary-market depthResting order-book depth and realised secondary transfer volume, beyond the single top-of-book bid/ask the price endpoint returns.liquidity.secondaryMarketDepthLink to this questionVerified · doc

There is no secondary market to have depth in. The token is non-transferable and non-assignable: minted when the derivative is opened, burned when it is closed. No resting order book, no realised secondary transfer volume. Every entry and exit is bilateral with Robinhood Europe at the then-quoted price of the underlying.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is tokenisation?
When a new US Share Derivative contract is entered into, Robinhood will simultaneously issue (mint) a new fungible token over a blockchain. This token represents the ownership rights of the client over the US Share Derivative. The token is non-transferable and non-assignable. When the US Share Derivative is closed out, Robinhood burns the tokenised US Share Derivative contract from the blockchain.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Resting order-book depth and realised secondary transfer volume for the wrapper. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the Final Terms for Product Nr. 19 NVDAx (17 November 2025) on 2026-07-31 — neither publishes order-book depth or transfer volume, by design; the Final Terms record only that no market maker is appointed. Unlike the Robinhood token, this one is freely transferable, so a secondary market can exist and its depth is a real, unanswered question. Would require an onchain Solana adapter reading the issuer-named mint, plus order-book data from the venues that list it.

Open the full TSLA evidence card for every field on every wrapper, including the ones a price endpoint does answer.

MSFTMicrosoft2 wrappersSnapshot as of 2026-07-30T18:40:05.196Z

MSFTMicrosoft

The six questions no price API answers, for MSFT, one column per wrapper. Every cell is either a value with the issuer document behind it, or Unknown with the document that would settle it. Snapshot as of 2026-07-30T18:40:05.196Z. Two cells on one row are two answers side by side, not a ranking: nothing here is scored, ordered, or preferred.
QuestionRobinhood Stock TokenRobinhood Europe, UAB · Robinhood ChainToken: MSFTLive adapterxStocks (Solana)Backed Assets (JE) Limited · SolanaToken: Not establishedAdapter planned — second rail
Token-holder legal rightsWhat claim, if any, a token holder holds against the issuer or the underlying shares, and whether voting, proxy, or other shareholder rights pass through to the holder.rights.tokenHolderLegalRightsLink to this questionVerified · doc

No ownership of the underlying share and no shareholder rights — no vote, no proxy, no claim to the share. What the holder has is a contractual claim against Robinhood Europe, UAB, and nothing else.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What is this product? — Objectives
Holding the Product does not mean you own any shares or units, or that you have any rights to receive shares or units of the Underlying Asset. The Product does not allow you to redeem it for shares or units in the Underlying Asset or otherwise, and does not offer rights that you would have if you bought shares or units in the Underlying Asset directly (such as voting rights at shareholders' meetings).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A creditor claim against the issuer, secured on collateral allocated to that specific product — not share ownership. No vote, no dividend as a shareholder, no pre-emption, no claim on the underlying shares themselves, and no residual claim on the issuer once the pro-rata realisation proceeds have been paid.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause III. Rights attached to Products
The Investors have a sole claim to the Collateral allocated to the specific Product they are holding and no further claim to other Collateral allocated to other Products or to the Issuer's assets. … Each Investor's rights as creditor do not consist of any shareholders' rights; thus, excluding all rights of attendance, dividend payments, other participation rights or voting rights at a general assembly … The Investors in a Product are not entitled to any rights or claims to the Underlying or the Underlying Components or the Collateral
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Redemption for underlying sharesWhether a holder can redeem the token for the underlying share, on what terms, at whose discretion, and with what notice period.rights.redemptionForUnderlyingSharesLink to this questionVerified · doc

No. Cash-settled only. Exit is a buy-back by Robinhood Europe at the then-quoted price of the underlying, less fees, requested through the app — the token can never be exchanged for a share.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is the difference between a share/ETP and a share/ETP derivative contract?
US Share Derivatives are cash-settled only, meaning that they may not be redeemed for the underlying shares or ETPs themselves.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A holder-initiated redemption right does exist — the Investor Put Option, exercisable at any time by submitting a Redemption Order to the issuer — but it settles in cash or cryptocurrency, never in shares: physical delivery of the underlying is excluded. Settlement runs to T+5 after the issuer receives the tokens, minus Investor Fees, and only after the holder passes KYC/AML; the issuer may reject a redemption on negative findings.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause II. Form and Transferability of Securities, and clause VI.iv Investor Redemption (Investor Put Option) / VI.v Settlement
Physical delivery of the Underlyings/Underlying Components or any issuers of the Collateral or other entities is excluded and Investors' interests are settled in FIAT currency and/or cryptocurrencies in the event of a redemption or termination. … Any Investor may either by itself or through its financial intermediary … exercise its right to require the Issuer to redeem a number of securities for any one Product by submitting a sell order ('Redemption Order') … Such Redemption Order or Investor Put Option can be placed by the Investor at any time
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Country and investor eligibilityWhich jurisdictions and investor categories are permitted to acquire, hold, or transfer the token.eligibility.investorEligibilityLink to this questionUnknown

Unknown

Resolves via: Which jurisdictions and investor categories are permitted to acquire, hold, or transfer the token. Half of this is now answered: see eligibility.investorCategory. The jurisdiction half is not. Reviewed the Robinhood Europe PRIIPs Key Information Document (1 July 2026), the Description of Services, Financial Instruments and Risks (from 1 July 2026), and the Robinhood Terms & Conditions (document id 20250822-4767855-15024375) on 2026-07-31 — none of the three enumerates the countries in which Stock Tokens may be offered, held, or transferred, and none states a US-person restriction for this product. Attempted the Stock Tokens terms and conditions at cdn.robinhood.com on 2026-07-31 — HTTP 403, unavailable. Would require the Robinhood Europe Stock Token customer agreement.
Verified · doc

Excluded outright: US persons and any US address, jurisdictions where distribution would be unlawful (the prospectus names North Korea, Syria and Iran), and FATF call-for-action jurisdictions. Permitted distribution rests on the FMA Liechtenstein approval notified into 29 named EEA states. Investor category is narrowed too: under Jersey's SPB Order the Products may be issued only to a Professional Investor or to someone who has acknowledged the SPB Order investment warning, and subscription or redemption with the issuer requires passing KYC/AML.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: IMPORTANT INFORMATION — General Sales Restrictions, and Terms and Conditions clause XXV. Selling Restrictions
THE PRODUCTS OFFERED UNDER THIS BASE PROSPECTUS ON PRIMARY MARKETS, SECONDARY MARKETS AND OTHER PLATFORMS ARE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. OR IN ANY OTHER JURISDICTION OR TO ANY OTHER PERSON TO WHICH A DISTRIBUTION WOULD BE UNLAWFUL. … not for distribution to any U.S. person or any person or address in the U.S. or in any other jurisdiction (i) to which a distribution would be unlawful (e.g. being subject to Sanctions Regulations, such as residents of North Korea, Syria or Iran), or (ii) which may be classified as high-risk jurisdictions subject to a call for action according to the Financial Action Task Force ('FATF').
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Bankruptcy treatmentHow the underlying shares are held and segregated, and where token holders rank if the issuer, venue, or custodian becomes insolvent.rights.bankruptcyTreatmentLink to this questionVerified · doc

Unsecured single-counterparty exposure to Robinhood Europe, UAB. The KID states the Product is not covered by an investor compensation or deposit insurance scheme; no collateral pool, no security trustee, no ring-fenced pool of NVIDIA shares is described. Read alongside rights.investorInsuranceScheme, which reports the firm-level scheme the issuer publishes separately.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What happens if Robinhood Europe is unable to pay out?
The product is not covered by an investor compensation or deposit insurance scheme. Robinhood Europe is the sole counterparty to payment claims arising from the Product for all Underlying Assets. … you are exposed to the risk that we may be unable to fulfil our obligations under these contracts, which could result in you losing all or part of your investment (for example, if we become insolvent).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

Segregated, product-specific collateral with an independent Security Agent holding a lien for investors. Issuer insolvency is a Realization Event: the Security Agent realises that product's collateral and distributes Net Realization Proceeds pro rata to its holders. But holders rank behind the Security Agent, the Custodian and the Paying Account Provider, whose fee and cost claims come out first, and there is no residual claim on the issuer afterwards.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause IV. Collateralization, and clause XXII. Realization Event and Realization of Collateral
Any Collateral will be held and administered by the Issuer on one or several separate Collateral Accounts for each Product … the Issuer creates a right of lien (reguläres Pfandrecht, Forderungspfandrecht) over the Collateral in favour of (a) the Investors represented by the Security Agent … A realization event regarding the Collateral occurs when … the Issuer is subject to any form of winding up, administration, receivership, insolvency or debt enforcement proceedings … With first priority, the Security Agent, the Custodian and the Paying Account Provider shall be entitled to satisfy its claims against the Issuer … before any other payments are made.
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Venue feesMint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer.fees.venueFeesLink to this questionVerified · doc

Entry 0.10% and exit 0.10% of the amount, stated as the most that will be charged. Management, administrative, operating and transaction costs are all stated at 0.00% per year, and there is no performance fee. The document's own worked example: EUR 20 total cost on EUR 10,000 held for one year.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What are the costs? — Composition of costs
Entry costs 0.10% of the amount you pay in when entering this investment. This is the most you will be charged. … Exit costs 0.10% of your investment before it is paid out to you. … Management fees and other administrative or operating costs 0.00% of the value of your investment per year. … Transaction costs 0.00% … Performance fees: There is no performance fee for this Product.
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Mint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the xStocks Product Legal Overview on 2026-07-31 — both are programme-level and neither names the series detail for MSFT. Would require the Final Terms for the xStocks series over MSFT; this sweep read Product Nr. 19 (NVDAx) only. Resolve via xStocks / Backed Assets (JE) Limited prospectus / Final Terms.
True secondary-market depthResting order-book depth and realised secondary transfer volume, beyond the single top-of-book bid/ask the price endpoint returns.liquidity.secondaryMarketDepthLink to this questionVerified · doc

There is no secondary market to have depth in. The token is non-transferable and non-assignable: minted when the derivative is opened, burned when it is closed. No resting order book, no realised secondary transfer volume. Every entry and exit is bilateral with Robinhood Europe at the then-quoted price of the underlying.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is tokenisation?
When a new US Share Derivative contract is entered into, Robinhood will simultaneously issue (mint) a new fungible token over a blockchain. This token represents the ownership rights of the client over the US Share Derivative. The token is non-transferable and non-assignable. When the US Share Derivative is closed out, Robinhood burns the tokenised US Share Derivative contract from the blockchain.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Resting order-book depth and realised secondary transfer volume for the wrapper. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the Final Terms for Product Nr. 19 NVDAx (17 November 2025) on 2026-07-31 — neither publishes order-book depth or transfer volume, by design; the Final Terms record only that no market maker is appointed. Unlike the Robinhood token, this one is freely transferable, so a secondary market can exist and its depth is a real, unanswered question. Would require an onchain Solana adapter reading the issuer-named mint, plus order-book data from the venues that list it.

Open the full MSFT evidence card for every field on every wrapper, including the ones a price endpoint does answer.

CRWDCrowdStrike Holdings2 wrappersSnapshot as of 2026-07-30T18:40:05.196Z

CRWDCrowdStrike Holdings

The six questions no price API answers, for CRWD, one column per wrapper. Every cell is either a value with the issuer document behind it, or Unknown with the document that would settle it. Snapshot as of 2026-07-30T18:40:05.196Z. Two cells on one row are two answers side by side, not a ranking: nothing here is scored, ordered, or preferred.
QuestionRobinhood Stock TokenRobinhood Europe, UAB · Robinhood ChainToken: CRWDLive adapterxStocks (Solana)Backed Assets (JE) Limited · SolanaToken: Not establishedAdapter planned — second rail
Token-holder legal rightsWhat claim, if any, a token holder holds against the issuer or the underlying shares, and whether voting, proxy, or other shareholder rights pass through to the holder.rights.tokenHolderLegalRightsLink to this questionVerified · doc

No ownership of the underlying share and no shareholder rights — no vote, no proxy, no claim to the share. What the holder has is a contractual claim against Robinhood Europe, UAB, and nothing else.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What is this product? — Objectives
Holding the Product does not mean you own any shares or units, or that you have any rights to receive shares or units of the Underlying Asset. The Product does not allow you to redeem it for shares or units in the Underlying Asset or otherwise, and does not offer rights that you would have if you bought shares or units in the Underlying Asset directly (such as voting rights at shareholders' meetings).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A creditor claim against the issuer, secured on collateral allocated to that specific product — not share ownership. No vote, no dividend as a shareholder, no pre-emption, no claim on the underlying shares themselves, and no residual claim on the issuer once the pro-rata realisation proceeds have been paid.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause III. Rights attached to Products
The Investors have a sole claim to the Collateral allocated to the specific Product they are holding and no further claim to other Collateral allocated to other Products or to the Issuer's assets. … Each Investor's rights as creditor do not consist of any shareholders' rights; thus, excluding all rights of attendance, dividend payments, other participation rights or voting rights at a general assembly … The Investors in a Product are not entitled to any rights or claims to the Underlying or the Underlying Components or the Collateral
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Redemption for underlying sharesWhether a holder can redeem the token for the underlying share, on what terms, at whose discretion, and with what notice period.rights.redemptionForUnderlyingSharesLink to this questionVerified · doc

No. Cash-settled only. Exit is a buy-back by Robinhood Europe at the then-quoted price of the underlying, less fees, requested through the app — the token can never be exchanged for a share.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is the difference between a share/ETP and a share/ETP derivative contract?
US Share Derivatives are cash-settled only, meaning that they may not be redeemed for the underlying shares or ETPs themselves.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

A holder-initiated redemption right does exist — the Investor Put Option, exercisable at any time by submitting a Redemption Order to the issuer — but it settles in cash or cryptocurrency, never in shares: physical delivery of the underlying is excluded. Settlement runs to T+5 after the issuer receives the tokens, minus Investor Fees, and only after the holder passes KYC/AML; the issuer may reject a redemption on negative findings.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause II. Form and Transferability of Securities, and clause VI.iv Investor Redemption (Investor Put Option) / VI.v Settlement
Physical delivery of the Underlyings/Underlying Components or any issuers of the Collateral or other entities is excluded and Investors' interests are settled in FIAT currency and/or cryptocurrencies in the event of a redemption or termination. … Any Investor may either by itself or through its financial intermediary … exercise its right to require the Issuer to redeem a number of securities for any one Product by submitting a sell order ('Redemption Order') … Such Redemption Order or Investor Put Option can be placed by the Investor at any time
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Country and investor eligibilityWhich jurisdictions and investor categories are permitted to acquire, hold, or transfer the token.eligibility.investorEligibilityLink to this questionUnknown

Unknown

Resolves via: Which jurisdictions and investor categories are permitted to acquire, hold, or transfer the token. Half of this is now answered: see eligibility.investorCategory. The jurisdiction half is not. Reviewed the Robinhood Europe PRIIPs Key Information Document (1 July 2026), the Description of Services, Financial Instruments and Risks (from 1 July 2026), and the Robinhood Terms & Conditions (document id 20250822-4767855-15024375) on 2026-07-31 — none of the three enumerates the countries in which Stock Tokens may be offered, held, or transferred, and none states a US-person restriction for this product. Attempted the Stock Tokens terms and conditions at cdn.robinhood.com on 2026-07-31 — HTTP 403, unavailable. Would require the Robinhood Europe Stock Token customer agreement.
Verified · doc

Excluded outright: US persons and any US address, jurisdictions where distribution would be unlawful (the prospectus names North Korea, Syria and Iran), and FATF call-for-action jurisdictions. Permitted distribution rests on the FMA Liechtenstein approval notified into 29 named EEA states. Investor category is narrowed too: under Jersey's SPB Order the Products may be issued only to a Professional Investor or to someone who has acknowledged the SPB Order investment warning, and subscription or redemption with the issuer requires passing KYC/AML.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: IMPORTANT INFORMATION — General Sales Restrictions, and Terms and Conditions clause XXV. Selling Restrictions
THE PRODUCTS OFFERED UNDER THIS BASE PROSPECTUS ON PRIMARY MARKETS, SECONDARY MARKETS AND OTHER PLATFORMS ARE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. OR IN ANY OTHER JURISDICTION OR TO ANY OTHER PERSON TO WHICH A DISTRIBUTION WOULD BE UNLAWFUL. … not for distribution to any U.S. person or any person or address in the U.S. or in any other jurisdiction (i) to which a distribution would be unlawful (e.g. being subject to Sanctions Regulations, such as residents of North Korea, Syria or Iran), or (ii) which may be classified as high-risk jurisdictions subject to a call for action according to the Financial Action Task Force ('FATF').
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Bankruptcy treatmentHow the underlying shares are held and segregated, and where token holders rank if the issuer, venue, or custodian becomes insolvent.rights.bankruptcyTreatmentLink to this questionVerified · doc

Unsecured single-counterparty exposure to Robinhood Europe, UAB. The KID states the Product is not covered by an investor compensation or deposit insurance scheme; no collateral pool, no security trustee, no ring-fenced pool of NVIDIA shares is described. Read alongside rights.investorInsuranceScheme, which reports the firm-level scheme the issuer publishes separately.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What happens if Robinhood Europe is unable to pay out?
The product is not covered by an investor compensation or deposit insurance scheme. Robinhood Europe is the sole counterparty to payment claims arising from the Product for all Underlying Assets. … you are exposed to the risk that we may be unable to fulfil our obligations under these contracts, which could result in you losing all or part of your investment (for example, if we become insolvent).
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Verified · doc

Segregated, product-specific collateral with an independent Security Agent holding a lien for investors. Issuer insolvency is a Realization Event: the Security Agent realises that product's collateral and distributes Net Realization Proceeds pro rata to its holders. But holders rank behind the Security Agent, the Custodian and the Paying Account Provider, whose fee and cost claims come out first, and there is no residual claim on the issuer afterwards.

Source: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited · read 2026-07-31Document: Base Prospectus for the issuance of tokenized securities of Backed Assets (JE) Limited
Issuer: Backed Assets (JE) Limited, approved by the Financial Market Authority Liechtenstein · 8 May 2026, valid until 7 May 2027
Section: Terms and Conditions, clause IV. Collateralization, and clause XXII. Realization Event and Realization of Collateral
Any Collateral will be held and administered by the Issuer on one or several separate Collateral Accounts for each Product … the Issuer creates a right of lien (reguläres Pfandrecht, Forderungspfandrecht) over the Collateral in favour of (a) the Investors represented by the Security Agent … A realization event regarding the Collateral occurs when … the Issuer is subject to any form of winding up, administration, receivership, insolvency or debt enforcement proceedings … With first priority, the Security Agent, the Custodian and the Paying Account Provider shall be entitled to satisfy its claims against the Issuer … before any other payments are made.
https://cdn.prod.website-files.com/655f3efc4be468487052e35a/69fdfc3d5eeb5d3d2085f97d_Backed%20Assets_Base%20Prospectus_20260508_signed.pdf · read 2026-07-31
Observed: 2026-07-31
Venue feesMint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer.fees.venueFeesLink to this questionVerified · doc

Entry 0.10% and exit 0.10% of the amount, stated as the most that will be charged. Management, administrative, operating and transaction costs are all stated at 0.00% per year, and there is no performance fee. The document's own worked example: EUR 20 total cost on EUR 10,000 held for one year.

Source: Key Information Document — US-listed Share / ETP Derivative · read 2026-07-31Document: Key Information Document — US-listed Share / ETP Derivative
Issuer: Robinhood Europe, UAB (PRIIP manufacturer, legal entity code 306377915) · Date of Document Production: 1 July 2026 (document id 20260626-5664125-17985354)
Section: What are the costs? — Composition of costs
Entry costs 0.10% of the amount you pay in when entering this investment. This is the most you will be charged. … Exit costs 0.10% of your investment before it is paid out to you. … Management fees and other administrative or operating costs 0.00% of the value of your investment per year. … Transaction costs 0.00% … Performance fees: There is no performance fee for this Product.
https://cdn.robinhood.com/assets/robinhood/legal/stock_tokens_kid_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Mint, burn, spread, custody, transfer, and corporate-action handling fees charged by the venue or issuer. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the xStocks Product Legal Overview on 2026-07-31 — both are programme-level and neither names the series detail for CRWD. Would require the Final Terms for the xStocks series over CRWD; this sweep read Product Nr. 19 (NVDAx) only. Resolve via xStocks / Backed Assets (JE) Limited prospectus / Final Terms.
True secondary-market depthResting order-book depth and realised secondary transfer volume, beyond the single top-of-book bid/ask the price endpoint returns.liquidity.secondaryMarketDepthLink to this questionVerified · doc

There is no secondary market to have depth in. The token is non-transferable and non-assignable: minted when the derivative is opened, burned when it is closed. No resting order book, no realised secondary transfer volume. Every entry and exit is bilateral with Robinhood Europe at the then-quoted price of the underlying.

Source: Description of Services, Financial Instruments and Risks · read 2026-07-31Document: Description of Services, Financial Instruments and Risks
Issuer: Robinhood Europe, UAB · applies from 1 July 2026 (document id 20260622-5631134-17836042)
Section: Section I — What is tokenisation?
When a new US Share Derivative contract is entered into, Robinhood will simultaneously issue (mint) a new fungible token over a blockchain. This token represents the ownership rights of the client over the US Share Derivative. The token is non-transferable and non-assignable. When the US Share Derivative is closed out, Robinhood burns the tokenised US Share Derivative contract from the blockchain.
https://cdn.robinhood.com/assets/robinhood/legal/description_of_services_financial_instruments_and_risks_eu.pdf · read 2026-07-31
Observed: 2026-07-31
Unknown

Unknown

Resolves via: Resting order-book depth and realised secondary transfer volume for the wrapper. Reviewed the Backed Assets (JE) Limited Base Prospectus (8 May 2026) and the Final Terms for Product Nr. 19 NVDAx (17 November 2025) on 2026-07-31 — neither publishes order-book depth or transfer volume, by design; the Final Terms record only that no market maker is appointed. Unlike the Robinhood token, this one is freely transferable, so a secondary market can exist and its depth is a real, unanswered question. Would require an onchain Solana adapter reading the issuer-named mint, plus order-book data from the venues that list it.

Open the full CRWD evidence card for every field on every wrapper, including the ones a price endpoint does answer.

Read-only verification. Not investment advice. No wallet or trading integration. EquityLayer is independent and not affiliated with Robinhood, Solana, Circle, or Backed.