Eli Lilly xStock (LLYX): issuer, networks, and where it trades

LLYX (Eli Lilly xStock) is a tokenized stock issued by Backed (xStocks), providing investors with economic exposure to Eli Lilly (LLY) without direct ownership. This instrument is structured as a security entitlement, offering holders a rebasing multiplier that reflects the performance of the underlying asset, net of a 30% US withholding tax. Unlike owning the actual Eli Lilly shares, holders of LLYX do not receive voting rights, direct dividend rights, or title to the underlying stock. Additionally, this token is not available to residents of the US, UK, Canada, or Australia, which imposes jurisdictional restrictions on potential investors. The specific blockchain network(s) on which LLYX exists is not mentioned in the legal substance. Furthermore, it is unclear how dividends and stock splits of Eli Lilly would be handled within this tokenized structure.

LLYX data covers 1 venues. The available products determine which staking rates, withdrawal fees and funding rates appear. Sources include exchange APIs, protocols and aggregators. Scheduled collection: exchange staking every 10 minutes, funding every 10 minutes, fees and network availability every 30 minutes. On-chain yields follow their source schedule.