Tokenization platform xStocks said it has launched its third tokenized IPO product, this time tied to U.S. sandwich chain Jersey Mike's. The product will be issued across Solana, EVM-compatible networks and TON, while users can submit indications of interest through Kraken. xStocks said Jersey Mike's has more than 3,330 stores and generates $4.3 billion in sales. The company also noted that its previous two tokenized IPO underlyings were SpaceX and Bending Spoons. According to xStocks, the product gives users price exposure only and does not represent direct ownership. Allocation decisions are not made by xStocks or Kraken, and subscriptions may receive a full allocation, a partial allocation or no allocation at all. Funds will be returned if no allocation is received. The offering is not available to people in the United States, the United Kingdom or Canada.
Tokenization platform xStocks said it has launched its third tokenized IPO product, with U.S. sandwich chain Jersey Mike's as the underlying asset.
The product will be issued on Solana, EVM-compatible networks and TON, and users can submit indications of interest through Kraken.
Jersey Mike's figures disclosed by xStocks
xStocks said Jersey Mike's operates more than 3,330 stores and records $4.3 billion in sales.
Earlier tokenized IPO underlyings
Before this launch, xStocks had already introduced two tokenized IPO products tied to SpaceX and Bending Spoons.
Structure and restrictions
xStocks said products in this category provide price exposure only and do not represent direct ownership. Allocation of shares is not determined by either xStocks or Kraken. Subscribers may receive a full allocation, a partial allocation or no allocation. Funds will be returned if no allocation is made.
The product is also not open to people in the United States, the United Kingdom or Canada.
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