CRCLxTokenized Equities·Backed
Circle xStock (Backed)
Tokenized Circle stock on Solana, 1:1 backed under Backed's FMA-approved base prospectus.
OnChain Benchmark — 01·Rating breakdown
CRCLx — Not Rated
Not RatedRead the methodology ↗
OnChain Benchmark — 02·Deployment
Where this instrument lives onchain
SOLSolana
XsueG8Bt…3p3bd1Explorer ↗
OnChain Benchmark — 03·Coverage gaps + diligence
Where coverage is incomplete — and what could narrow it
Methodology
CRCLx is measured across the same four dimensions as every other instrument in its class — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration — but is currently Not Rated, so no composite score is published. The methodology explains how a rating is produced when one can be.
Read the full methodology ↗