aAAPL, issued by Anchored Capital Ltd, is a tokenized-stock product providing economic exposure only to a single U.S.-listed equity, each token backed 1:1 by the corresponding underlying share held through a licensed U.S. broker-dealer [S1][S2][S3].

The token tracks the economic performance of Apple Inc. common stock (AAPL), with real shares held rather than synthetic exposure [S2][S3]. It is a total-return instrument: if the underlying issues a dividend or distribution and eligibility requirements are met, holders receive a corresponding amount in USD Coin (USDC), automatically and net of taxes, fees and operational costs [S1][S4]. Holders bear a buy or mint fee of 10 bps, a withdrawal fee of 21 bps, and no deposit fee [S5].

Anchored Capital Ltd is incorporated in the British Virgin Islands, with underlying assets ring-fenced inside Anchored Finance SPC, a Cayman Islands segregated portfolio company registered with the Cayman Islands Monetary Authority [S6][S7]. Anchored Advisors Ltd acts as a British Virgin Islands Financial Services Commission (FSC) Approved Manager [S7][S1]. Tokens are not the underlying shares and confer economic exposure only, without voting rights or direct legal claim [S7][S2][S8]. Access is restricted to non-U.S. professional, accredited or qualified investors under Regulation S following KYC and KYB [S7][S9]. Assets sit in a bankruptcy-remote, segregated portfolio ring-fenced from creditors [S8]. Redemption occurs onchain against USDC [S10].

aAAPL follows the ERC-20 standard with 18 decimals and is deployed natively on Ethereum, Base, Arbitrum and Monad using the same contract address on every network [S11][S1]. Minting occurs after execution and authorized settlement, with USDC paid in; redemption burns tokens and returns USDC [S10]. Trading operates 24/5 [S12]. Accountable attests reserves, refreshed roughly every 15 minutes [S3].

<Sources
  retrievedAt="2026-09-02"
  items={[
    { id: "S1", url: "https://docs.anchored.finance/general/faqs" },
    { id: "S2", url: "https://docs.anchored.finance/getting-started/quickstart" },
    { id: "S3", url: "https://docs.anchored.finance/general/trust-and-transparency.md" },
    { id: "S4", url: "https://docs.anchored.finance/getting-started/corporate-actions.md" },
    { id: "S5", url: "https://docs.anchored.finance/getting-started/fees-and-taxes.md" },
    { id: "S6", url: "https://anchored.finance/" },
    { id: "S7", url: "https://anchored.finance/terms" },
    { id: "S8", url: "https://docs.anchored.finance/" },
    { id: "S9", url: "https://docs.anchored.finance/getting-started/eligibility.md" },
    { id: "S10", url: "https://docs.anchored.finance/getting-started/investment-and-redemption.md" },
    { id: "S11", url: "https://docs.anchored.finance/getting-started/anchored-tokens.md" },
    { id: "S12", url: "https://docs.anchored.finance/getting-started/trading-hours.md" },
  ]}
/>


# Asset Price methodology

## 1. Overview

Asset price represents the closing USD value of a tokenized asset at the end of each day. Daily prices are recorded to facilitate the valuation of on-chain activity and the calculation of market capitalization. Each price point reflects the market value at the conclusion of the UTC day.

## 2. Data sources

- **Asset metadata**: Token contract addresses, ticker identifiers, and on-chain launch timestamps
- **External data**: End-of-day price feeds and exchange rate feeds from market data providers
- **Blockchain data**: Data covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others) and non-EVM chains such as Solana, Aptos, and Near

## 3. Step-by-step calculation

### Component A: Market data retrieval

- **Purpose**: Collect raw daily price information
- **Logic**: Daily price data is retrieved from external market data providers. For assets pegged to specific currencies, prices are calculated using a multiplier and daily exchange rates. For assets traded on traditional exchanges where data is unavailable on certain days, such as weekends or holidays, missing values are filled with the last available closing price.

### Component B: Timestamp normalization

- **Purpose**: Align price data with daily reporting periods
- **Logic**: Timestamps are truncated to the daily grain. To accurately reflect the closing value, prices recorded at the start of a day (00:00:00 UTC) are assigned to the preceding calendar day.

### Component C: Asset mapping and deduplication

- **Purpose**: Associate prices with unique assets and resolve data overlaps
- **Logic**: Prices are mapped to assets using unique identifiers for EVM-compatible and non-EVM chains. To ensure data integrity, price records are filtered to include only those occurring on or after the asset's on-chain launch date. In instances where price data for a single asset is available from multiple sources, the data is deduplicated by selecting the record with the highest priority to ensure a single, consistent closing price.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset price

Tokenized stocks

Shares backing the tokens are bought and custodied through a licensed U.S. broker-dealer, which Anchored does not name in its public documentation, and Accountable publishes a proof-of-reserves feed against those holdings that refreshes every 15 minutes. Distribution runs through the app.anchored.finance front end and DEX venues on the four supported chains. Anchored Capital Ltd, the issuing entity, holds no disclosed securities-issuance licence or MiCA authorization; the regulated custody and execution leg sits with the broker-dealer.

Anchored issues aStocks — ERC-20 tokens that track the price of a single underlying stock, ETF or exchange-traded product on a 1:1 basis. Each token is deployed as a BeaconProxy from a single factory contract at the same deterministic address on Ethereum, Base, Arbitrum and Monad, so one aStock is one address across all four chains. Tokens are explicitly not the underlying shares and carry no voting or dividend rights; eligible onboarded users hold a redemption right against the issuer. The catalog spans large-cap US equities, sector and thematic ETFs, leveraged and inverse ETFs, precious-metal and oil trusts, and pre-IPO names.

Anchored is a tokenization platform issuing on-chain trackers of US-listed equities and exchange-traded products, branded aStocks. The group splits four entities across the British Virgin Islands and the Cayman Islands: Anchored Capital Ltd is the token issuer and operates the Anchored dApp; Anchored Finance SPC is the fund vehicle, which the issuer describes as a CIMA registered segregated portfolio company; Anchored Advisors Ltd is a BVI FSC Approved Manager, confirmed on the regulator's public register; and Anchored Labs Ltd provides technology and services and operates the anchored.finance website. Each entity carries a different regulatory status, so the entity behind a given product is set by that product's documentation.

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Real-world asset (RWA) issuers

Anchored

Apple aStock (aAAPL) is a token tracking AAPL shares, backed by dedicated collateral, issued by Anchored through Anchored Capital Ltd, and distributed through Anchored Capital Ltd with Alpaca Securities LLC as broker.

The underlying security is listed in the information technology sector in North America.

Each token tracks one underlying share, entitles holders to dividends, which are distributed in cash, and carries no voting rights.

The collateral assets are held by Alpaca Securities LLC in segregated accounts within a bankruptcy-remote structure and Accountable as auditor.

Professional investors, accredited investors, qualified investors, and institutions worldwide can mint and redeem directly with Anchored in USDC after completing KYC, with a USDC 100,000 minimum.

Residents of Afghanistan, Algeria, Canada and other jurisdictions the issuer restricts cannot mint or redeem with Anchored.

Anchored Capital Ltd is incorporated in the British Virgin Islands and is offered under an SEC Regulation S exemption.

aAAPL has been issued on public blockchains since February 2026 and is native to Monad, Ethereum, Base, Arbitrum One, and Robinhood Chain.

Apple aStockaAAPL