Question 1

What is AAPLX?

Accepted Answer

AAPLX is a blockchain-based representation of Apple Inc. stock that enables trading of Apple shares within the crypto ecosystem. Each AAPLX token is backed 1:1 by physical Apple shares held by a Swiss-regulated custodian, Backed Finance.

Question 2

What is the difference between AAPLX and traditional AAPL stock?

Accepted Answer

The main difference is the format and trading method. AAPLX is a crypto token that can be traded 24/7 on crypto exchanges, while AAPL stock is traded on traditional stock markets during market hours. Holding AAPLX does not grant shareholder rights, such as voting, unlike holding genuine AAPL stock.

Question 3

How does AAPLX reflect the AAPL stock price?

Accepted Answer

The price of AAPLX is designed to mirror the AAPL stock price because each token is backed by one AAPL share as collateral. This ensures that the token's value is closely linked to the performance of Apple's stock in the traditional market.

Question 4

Where can I buy AAPLX?

Accepted Answer

AAPLX can be purchased on the Mobee app. Mobee is an Indonesian digital asset exchange that provides features for investing in tokenized US stocks, including AAPLX. You can start investing in Apple stock through Mobee with a small capital, at any time, and with flexible payment methods.

Question 5

Is investing in AAPLX the same as investing in Apple stock?

Accepted Answer

Not entirely. Investing in AAPLX provides exposure to the price performance of Apple's stock but does not grant direct ownership of Apple shares themselves. You are investing in a token that represents the value of the stock, not the physical stock.

Question 6

Is AAPLX available to everyone?

Accepted Answer

AAPLX is primarily available to non-US users, as this tokenization was created to bypass geographic restrictions and traditional market hours. Availability may vary depending on regulations in each country.

Question 7

What are the risks of investing in AAPLX?

Accepted Answer

Although backed by real stock, AAPLX is a crypto asset and therefore carries high volatility, similar to other crypto assets. Other risks include regulatory risks, market risks, and reliance on the custodian holding the physical stock.