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Separately, xPort is a live in-kind channel: a client onboarded with both Backed and Alpaca sends xStocks from a whitelisted wallet, Backed processes them, and Alpaca returns the corresponding underlying shares to the client's brokerage account. xPort is advertised as 24/5 with fees currently set to zero.","summary":"Programme term expressly applies across the product set, including CARx.","scope":"programme-all-products","applicable":true,"exampleProduct":null,"scopeContext":{"kind":"programme-all-products","products":[],"source":"Base Prospectus; xStocks Market Flow and xPort operating pages","holders":"Whitelisted direct clients; xPort additionally requires an approved Alpaca account","jurisdictions":"Subject to issuer and broker onboarding"},"answerScope":"product","evidence":"documented"},{"id":"route-currently-available","label":"Route currently available","value":true,"evidence":"documented"},{"id":"successful-redemption","label":"Successful redemption independently observed","value":true,"evidence":"observed","summary":"Observed on-chain for the programme route (SPCXx, METAx), not for CARx itself. 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