What DAXX tracks
DAXX tracks Global X DAX Germany, a fund that holds stocks listed outside the United States. Its price is quoted in US dollars, so it moves with both the shares it holds and the exchange rate between the dollar and those shares' local currencies.
Many of the fund's holdings trade on exchanges in other time zones, so during US hours the fund's price partly reflects estimates of where those shares will trade next.
About DAX Germany ETF
Website
X
TelegramHow DAXX works
DAXX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.
What you hold is the token, not the underlying asset. DAXX tracks the price of Global X DAX Germany, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping DAXX, and it does not issue, back, or custody the token.
The price of DAXX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.
Distribution terms for DAXX are set by Backed Finance. Where the underlying fund pays distributions, issuers usually reflect them in the token rather than paying cash.
When can you trade DAXX?
DAXX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of DAXX comes from on-chain trading alone and can drift from the fund's last close.
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| Rank | Tokenized by | Trading hours | Buy | |||
|---|---|---|---|---|---|---|
| 1 | iShares MSCI South Korea | $140.411 | 3.40% | Backed Finance | US market hours | |
| 2 | iShares MSCI South Korea ETF | $140.411 | 3.40% | Ondo | US market hours | |
| 3 | iShares MSCI EAFE ETF | $103.745 | 0.58% | Ondo | US market hours | |
| 4 | iShares Core MSCI EAFE ETF | $96.574 | 0.59% | Ondo | US market hours | |
| 5 | iShares MSCI Japan ETF | $90.965 | 1.08% | Ondo | US market hours | |
| 6 | Vanguard FTSE Europe ETF | $88.865 | 0.39% | Backed Finance | US market hours | |
| 7 | Vanguard Total International Stock ETF | $82.205 | 0.82% | Backed Finance | US market hours | |
| 8 | iShares Core MSCI Emerging Markets ETF | $73.545 | 1.26% | Ondo | US market hours | |
| 9 | iShares Core MSCI Emerging Markets ETF | $73.545 | 1.26% | Backed Finance | US market hours | |
| 10 | SPDR EURO STOXX 50 | $66.987 | 0.41% | Backed Finance | US market hours | |
| 11 | iShares MSCI Emerging Markets ETF | $60.359 | 1.37% | Ondo | US market hours | |
| 12 | iShares MSCI India ETF | $51.315 | 0.43% | Ondo | US market hours | |
| 13 | iShares MSCI United Kingdom | $47.925 | 0.09% | Backed Finance | US market hours | |
| 14 | iShares MSCI France | $43.827 | 0.21% | Backed Finance | US market hours | |
| 15 | iShares MSCI Germany | $42.815 | 0.31% | Backed Finance | US market hours | |
| 16 | iShares MSCI Chile ETF | $35.546 | 0.06% | Ondo | US market hours | |
| 17 | iShares China Large-Cap ETF | $33.345 | 0.69% | Ondo | US market hours | |
| 18 | iShares MSCI Brazil ETF | $32.234 | 1.14% | Ondo | US market hours | |
| 19 | Schwab International Equity ETF | $26.845 | 0.79% | Backed Finance | US market hours | |
| 20 | KraneShares CSI China Internet ETF | $22.805 | 0.78% | Ondo | US market hours |