# Apple tokenized stock (xStock) (AAPLX): D-Score 48/100 — Moderately Decentralized

**BlockIndex D-Score: 48/100 (Moderately Decentralized).** Apple tokenized stock (xStock) (AAPLX) is a Layer 2 cryptocurrency using Other consensus. Apple xStock: Multi-chain, 1:1 backed tokenized Apple equity designed for onchain trading and DeFi composability.

_Source: https://blockindex.ai/coin/aaplx · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 48 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other (2025)
- Founder: Not provided; xStocks/Backed Finance product, with Yoshi Yokokawa cited as Co-Founder & CEO of Alpaca in official xStocks context
- VC funded: No
- Max supply: N/A
- Circulating: 500,869

## Market data (as of 2026-06-19)
- Price: $296.63
- Market cap: $148.57M
- 24h volume: $2.75M
- 24h change: -0.62% · 7d change: +0.16%

## About
Apple tokenized stock (xStock), ticker AAPLX, is a tokenized equity product in the xStocks ecosystem that represents onchain exposure to Apple Inc. shares. It is structured as a real-world asset token rather than a native blockchain, with the supplied sources describing xStocks as tokenized representations of publicly traded equities and ETFs backed 1:1 by the corresponding underlying assets held with regulated custody arrangements. AAPLX is intended to make Apple equity exposure transferable and usable in crypto-native environments while preserving a legal and collateralized link to the underlying stock value.

The core xStocks design emphasizes regulated issuance, segregated custody, proof-of-reserves infrastructure, audited smart contracts, and a bankruptcy-remote issuing structure. AAPLX does not have its own consensus mechanism, mining process, validator set, or block production. Instead, it exists as a multi-chain tokenized stock deployed across parent-chain environments including Ethereum, Solana, Mantle, TON, Ink, BNB Smart Chain, Arbitrum, and other EVM-compatible networks. Its technical utility comes from tokenization, self-custody, wallet compatibility, cross-chain availability, and DeFi composability rather than from base-layer blockchain innovation.

AAPLX is designed for users who want blockchain-native access to Apple stock exposure outside traditional brokerage rails. The supplied documentation highlights fractional ownership, 24/7 secondary-market trading on supported venues, transferability, use in DeFi protocols, lending markets, liquidity pools, and structured products. The token is not intended for distribution in the United States, to U.S. persons, or in prohibited jurisdictions, and the available data describes xStocks as compliant with EU regulatory requirements and accessible to non-U.S. users.

Economically, AAPLX issuance is tied to 1:1 backing by Apple shares or equivalent underlying exposure, so its supply model differs from typical crypto assets with fixed caps, mining emissions, staking rewards, or inflation schedules. CoinMarketCap data in the supplied summary reported about 500.86K AAPLX total and circulating supply, a market price around $314.96, market capitalization around $157.75 million, and 24-hour volume around $8.13 million. Corporate actions such as dividends, stock splits, and reverse splits are described as being reflected through an onchain rebasing mechanism at the xStocks level.

Governance and operations are issuer-led rather than DAO-based. The supplied DScore extraction identifies Backed Finance and xStocks as the relevant company/product structure and notes no on-chain governance, token voting, or DAO mechanism for AAPLX. Future development signals focus on interoperability, consistent integration standards, liquidity across centralized and decentralized venues, proof-of-reserves transparency, and wider adoption of xStocks as a common tokenized-equity format.

## Links
- Website: https://xstocks.fi/
- Whitepaper: https://docs.backed.fi/
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore