Tokenized Asset

Tokenized assets are considered crypto assets in general, therefore they can be traded like regular crypto assets.

Can tokenized assets be traded like regular crypto assets?

Currently, sending and receiving tokenized stock assets can only be done between Pintu users, and transfers to external crypto wallets can be made via the Solana (SOL) or Ethereum (ERC-20) networks.

Can tokenized stocks be transferred like crypto assets?

Tokenized stock assets are registered with OJK and CFX.

Are tokenized stocks legal in Indonesia?

Tokenized Stocks Tax Regulations:



<ol class="wp-block-list">
<li>A final VAT of 0.11% applies to the transaction value of crypto purchases.</li>



<li>A final Income Tax (Article 22) of 0.1% applies to the transaction value of crypto sales.</li>



<li>This crypto tax applies to all crypto trading activities in Indonesia.</li>
</ol>

What are the tax regulations for tokenized stocks?

Tokenized stock assets are backed by a 1:1 physical guarantee. Each issued token directly represents ownership of an actual real-world stock at an equal ratio.

How are users’ tokenized stock assets protected?

Tokenized stocks on Pintu can be purchased with just Rp11,000.

What is the minimum purchase amount for tokenized stocks?

The differences between tokenized stocks and conventional stocks are:



<ul class="wp-block-list">
<li>Tokenized stocks can be traded 24/7, while conventional stocks can only be traded during stock market hours.</li>



<li>Users can purchase fractional shares without needing to buy a full lot.</li>



<li>Holders of tokenized stocks do not receive dividends.</li>
</ul>

What is the difference between tokenized stocks and conventional stocks?

Tokenized stocks were created to provide easier, more flexible, and more affordable access to global stock investments, especially for investors who do not have direct access to international stock markets.

Why were tokenized stocks created?

Tokenized stocks work as follows:



<ol class="wp-block-list">
<li>The issuer purchases and holds the underlying real stocks as the underlying asset.</li>



<li>Each token represents ownership of a share or a fraction of a share.</li>



<li>The token’s value moves in line with the stock price on traditional exchanges.</li>



<li>The tokens can be bought and sold like other crypto assets.</li>
</ol>

How do tokenized stocks work?

You can buy tokenized assets such as tokenized stocks, tokenized gold, tokenized ETFs, tokenized silver, or other tokenized assets at Pintu as little as IDR 11,000.

What is the minimum purchase amount for tokenized assets on Pintu?

When a stock split/reverse split happens, the issuer updates the token with a new multiplier that reflects the split ratio (e.g., 2:1 stock split). As a result, all token holders automatically see their balances adjust upward, while their proportional ownership remains the same.

If there are stock splits/reverse splits, will the user’s balance be affected?

No, users cannot exchange the tokenized stock for the actual shares on the Pintu app.

Can I redeem tokenized stocks for real stocks in Pintu app?

No, tokenized stocks do not distribute dividends in cash. Instead, any dividends are automatically reinvested into the same token. This means your tokenized stocks token balance increases to reflect the dividend rather than receiving a cash payout. Such token balance increase will follow the multiplier determined by respective token issuer, in this case xStocks and Ondo.

Do tokenized stocks pay dividends?

xStocks is issued by Backed Finance (Backed Assets (JE) Limited), which operated and regulated under European Union (EU) prospectus. The underlying equities are held with regulated custodians in Switzerland and the US. Furthermore, the xStocks crypto assets offered by Pintu are registered and listed in the Crypto Asset List (DAK) issued by CFX.

Are xStocks regulated?

Tokenized stocks reflect the price of the underlying stock and provide economic exposure, but they do not grant direct ownership rights such as voting.

Are tokenized stocks the same as real stocks?

xStocks is issued by Backed Finance (Backed Assets (JE) Limited), which operates through a legally compliant structure under European Union (EU) prospectus. The underlying equities are held with regulated custodians in Switzerland and the US.

Who issues xStocks?

xStocks represent publicly traded shares and are designed to track the price of the underlying stock, but do not grant voting rights for the underlying company&#8217;s shares.



The issuer of xStocks, Backed Finance (<a href="https://backed.fi/">https://backed.fi/</a>), is legally authorized to hold the original shares and issue its tokenized version on the blockchain.

How do xStocks work?

On the Pintu app, tokenized stocks like xStocks are available exclusively on the Solana network, whereas Ondo tokenized stocks are available only on the Ethereum network.

On which networks are tokenized stocks available?

Tokens ending with “X” are issued by xStocks/Backed Finance, while tokens ending with “-on” are issued by Ondo. Both represent tokenized exposure to real US stocks and ETFs, but they come from different issuers, legal frameworks, and technical infrastructures.

Why do some tokenized assets end with “X” and others with “-on”?

A tokenized ETF is a blockchain-based digital asset that represents ownership or price exposure to an Exchange-Traded Fund (ETF). Instead of buying the ETF directly through a traditional stockbroker, investors can gain exposure through a digital token issued on a blockchain.



The token is designed to mirror the price of the underlying ETF, allowing investors to access traditional financial assets in a more flexible and digital format.



For example, some platforms offer tokens that track ETFs such as SPDR S&amp;P 500 ETF Trust (which tracks the S&amp;P 500 index) or iShares Silver Trust (which tracks the price of silver).



How does it work?



<ol class="wp-block-list">
<li>The original ETF is traded on a traditional stock exchange.</li>



<li>A platform issues blockchain-based tokens representing that ETF.</li>



<li>The token’s price follows the market price of the underlying ETF.</li>



<li>Investors can buy and sell the token digitally.</li>
</ol>



How is it different from a regular ETF?



Regular ETF → Purchased through a stockbroker and traded during market hours.



Tokenized ETF → Available as a digital token, often allowing smaller minimum investments and potentially broader accessibility.

What is tokenized ETF?

Tokenized gold is a blockchain-based digital asset that represents ownership of physical gold stored in a secure vault. Each token is backed 1:1 by physical gold, ensuring its value directly tracks the market price of gold.



Instead of buying and storing physical gold manually, investors can now own and trade tokenized gold digitally. This product offers the benefits of gold ownership combined with seamless transfers, the flexibility to purchase in small amounts, and 24/7 trading access.



Examples of tokenized gold include PAX Gold (PAXG) and Tether Gold (XAUT), where each token represents a specific amount of physical gold.

What is tokenized gold?

xStocks are blockchain-based tokens that represent real-world stocks and ETFs, with each token fully backed 1:1 by the actual underlying asset.

What are xStocks?

Tokenized US stocks on Pintu are digital tokens whose prices track real-world US stocks. For simplicity, the term “stocks” in this context also covers ETFs and other publicly traded assets.



These tokens are issued by two regulated global tokenization platforms: xStocks/Backed Finance (identified by the X suffix) and Ondo (identified by the -on suffix). Both issuers fully back their tokens with the underlying assets, which are held by licensed custodians.



Tokenized stocks are designed to mirror the price movement of the real asset. They provide equivalent economic exposure to holding the underlying stock or ETF, including reinvested dividends after applicable withholding taxes (depending on the issuer’s structure).



Examples:



<ul class="wp-block-list">
<li>Tesla’s real ticker is TSLA, and the Ondo version is TSLAon.</li>



<li>Microsoft’s real ticker is MSFT, and the xStocks version is MSFTX. You can think of:</li>



<li>“X” as the signature for xStocks,</li>



<li>“-on” as the signature for Ondo or onchain.</li>
</ul>

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