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What is Broadcom xStock (AVGOX)?

Quick Facts

  • Issuer: Backed Finance AG (Switzerland), Kraken group
  • Underlying asset: Broadcom Inc. common stock (AVGO)
  • Backing: 1:1 by real shares held by regulated custodians
  • Blockchains: Solana (SPL) and Ethereum-compatible ERC-20
  • Launched: Mid-2025
  • Management fees: 0%
  • Eligible users: Non-US investors; compliant with EU regulations

Introduction

Broadcom xStock (AVGOX) is a tokenized equity certificate that lets eligible investors gain blockchain-based economic exposure to Broadcom Inc., one of the world's largest semiconductor and infrastructure software companies.

It is part of the xStocks ecosystem — a standardized suite of tokenized US stocks and ETFs built by Backed Finance. Rather than opening a traditional brokerage account, users can access Broadcom's share price performance directly on-chain.

History & Background

AVGOX was launched in mid-2025 under the xStocks platform, originally developed by Backed Finance AG, a Swiss-based company that later became integrated into the Kraken group.

xStocks was created to bridge the gap between traditional equity markets and the crypto ecosystem, targeting eligible investors outside the United States. The platform has grown to cover over 60 major US stocks and ETFs.

How Broadcom xStock Works

AVGOX is structured as a tracker certificate rather than direct equity ownership. Each token is backed 1:1 by real Broadcom Inc. shares, held in reserve by a regulated third-party custodian.

The token is issued on both Solana (as an SPL token) and Ethereum-compatible networks (as an ERC-20 token), allowing broad wallet and exchange compatibility. Its price closely mirrors the underlying AVGO share price on NASDAQ.

Tokenholders can redeem their AVGOX directly with Backed Finance or sell on supported exchanges for USD, stablecoins, or other crypto assets.

Tokenomics

AVGOX is a collateral-backed token — new tokens are only minted when equivalent Broadcom shares are purchased and placed into custody. This keeps the token supply tied directly to real-world holdings.

There are no management fees, making the economic exposure straightforward. Token utility is centered on price tracking, DeFi composability, and fractional access to Broadcom's equity value.

Circulating Supply ? 1,000 AVGOX
Total supply ? 1,000 AVGOX
Max supply ? -- AVGOX
Updated 2y ago

Ecosystem & Use Cases

Because AVGOX conforms to standard token formats, it is composable with DeFi protocols — it can be used as collateral, traded on decentralized exchanges, or held in any compatible wallet.

Users can also trade AVGOX 24/7, unlike traditional stock markets. This enables fractional ownership of Broadcom shares and access to US equity exposure outside normal market hours.

Team, Governance & Community

AVGOX is managed by Backed Assets (JE) Limited, operating under Swiss and Jersey regulatory frameworks and part of the broader Kraken group.

Governance follows a centralized compliance-first model typical of regulated tokenized securities issuers. The xStocks platform maintains a community presence through official social channels and exchange partnerships.

Advantages

  • 1:1 collateralization ensures the token is always backed by real Broadcom shares
  • 24/7 trading removes the constraints of traditional stock market hours
  • DeFi composability allows use as collateral or in on-chain protocols
  • Fractional access lowers the barrier to owning high-priced US equities
  • Zero management fees reduce the cost of holding the token

Risks & Challenges

  • No voting rights — holders do not gain shareholder privileges in Broadcom Inc.
  • Geographic restrictions — not available to US investors due to regulatory constraints
  • Custodial risk — token value depends on the solvency and reliability of the custodian
  • Regulatory uncertainty — tokenized securities remain subject to evolving global regulation
  • Price risk — AVGOX tracks Broadcom's stock, inheriting all of its market volatility

Long-Term Vision

AVGOX represents a broader vision of on-chain capital markets, where traditional equity exposure is accessible to anyone globally through decentralized infrastructure.

As tokenized real-world assets mature, xStocks and products like AVGOX aim to be foundational building blocks — enabling seamless integration between stock markets and the DeFi ecosystem without sacrificing regulatory compliance.

Frequently Asked Questions

AVGOX is a tokenized tracker certificate that gives eligible investors blockchain-based exposure to Broadcom Inc. stock. Each token is backed 1:1 by real Broadcom shares held by a regulated custodian.

AVGOX is issued by Backed Assets (JE) Limited, part of Backed Finance AG (Switzerland) and the broader Kraken group. The platform operates under Swiss and Jersey regulatory frameworks.

AVGOX is available as a Solana SPL token and as an ERC-20 token on Ethereum-compatible networks, including Arbitrum. This multi-chain structure enables broad wallet and exchange compatibility.

No. AVGOX is designed for eligible non-US investors and is compliant with EU regulations. US persons are excluded due to securities law restrictions.

No. AVGOX is a tracker certificate providing economic exposure to Broadcom's share price, not direct equity ownership. Tokenholders do not receive shareholder voting rights.

Tokenholders can redeem AVGOX directly with Backed Finance (subject to an additional fee) or sell it for USD, stablecoins, or other crypto on supported centralized and decentralized exchanges.

AVGOX carries a 0% management fee, meaning there is no ongoing cost deducted for simply holding the token. Redemption directly with Backed Finance may incur a separate fee.

xStocks is a platform by Backed Finance that offers tokenized versions of over 60 major US stocks and ETFs. Each xStock token follows a standardized structure, making them composable with DeFi protocols.