Mastercard xStock (MAX): issuer, networks, and where it trades

MAX (Mastercard xStock) is a tokenized stock issued by Backed (xStocks), providing holders with synthetic exposure to Mastercard's underlying asset, MA. This instrument operates under the legal entity Backed Assets (JE) Limited, which is regulated by the FMA Liechtenstein and the JFSC in Jersey. Holding MAX does not grant any shareholder rights, such as voting or direct dividend rights, nor does it confer title to the underlying shares; instead, holders gain economic exposure through a rebasing multiplier, subject to a 30% US withholding tax. Furthermore, this instrument is not available to residents of the US, UK, Canada, or Australia. The specific blockchain network on which MAX exists is not disclosed. It remains unclear how dividends and stock splits of the underlying asset are managed in relation to this tokenized security.

MAX data is aggregated across 4 exchanges, including staking rates, withdrawal fees, and funding rates. All data is updated every 30 minutes from official exchange APIs. Compare the best rates and cheapest fees to find the optimal exchange for your MAX holdings.