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The Base Prospectus itself sets no size floor — fractional ledger-based securities are possible, the Redemption Amount must be at least the smallest denomination of the Settlement Currency, and excess rounding amounts are kept by the Issuer — so the 5,000 floor exists only in the FAQ.","summary":"Programme term expressly applies across the product set, including CHDNx.","scope":"programme-all-products","applicable":true,"exampleProduct":null,"scopeContext":{"kind":"programme-all-products","products":[],"source":"Current xStocks Market Flow and FAQ","holders":"Direct issuer clients","jurisdictions":"Subject to issuer onboarding"},"answerScope":"product","evidence":"documented"},{"id":"fees","label":"Fees","value":"No CHDNx-specific fee is confirmed; TSLAx is a programme example only.","summary":"No CHDNx-specific fee is confirmed; TSLAx is a programme example only.","scope":"other-product-example","applicable":false,"exampleProduct":"TSLAx","scopeContext":{"kind":"product-example","products":["TSLAx"],"source":"TSLAx product page; Base Prospectus also states programme caps","holders":"Investor fees apply to the investor using the applicable redemption route","jurisdictions":"No product-specific jurisdictional fee schedule was confirmed"},"answerScope":"product","evidence":"unknown"},{"id":"timing-and-settlement","label":"Timing and settlement asset","value":"The prospectus Investor Put route is cash settlement in the Settlement Currency (optionally other fiat or cryptocurrencies at the Issuer's sole discretion) by T+5 from receipt of the tokens; tokens are de-activated (defined as transfer back to the wallet the Tokenizer holds for the Issuer, not burning) and collateral liquidated, and physical delivery is excluded for that route. 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 CHDNx.","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 CHDNx itself. 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