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

aAMZN tracks the common stock of Amazon.com, Inc. (AMZN). Holders receive economic exposure only, with no voting rights and no direct legal claim to the underlying company [S2][S4]. The product is total-return: if Amazon issues a dividend or distribution and eligibility requirements are met, holders receive a corresponding amount in USDC, net of taxes, fees and operational costs [S1][S5]. Disclosed fees comprise a deposit fee of 0 bps, a buy or mint fee of 10 bps, and a withdrawal fee of 21 bps [S6].

Anchored Capital Ltd is incorporated in the British Virgin Islands, with underlying assets held inside Anchored Finance SPC, a Cayman Islands segregated portfolio company registered with the Cayman Islands Monetary Authority [S7][S8]. Anchored Advisors Ltd operates as a British Virgin Islands Financial Services Commission (FSC) Approved Manager [S8][S1]. Tokens are not the underlying shares and confer economic exposure only [S8][S2]. Access is restricted to non-U.S. professional, accredited or qualified investors under Regulation S, subject to KYC and KYB, with U.S. persons and excluded jurisdictions prohibited [S8][S9]. Assets sit in a bankruptcy-remote, ring-fenced segregated portfolio [S8][S4]. Holders redeem onchain, burning tokens for USDC [S10].

aAMZN is an ERC-20 token with 18 decimals, deployed natively on Ethereum, Base, Arbitrum and Monad using the same contract address on every network [S11][S1]. Minting occurs after the relevant fill and settlement authorization against USDC; redemption burns tokens and returns USDC [S10]. Trading operates 24/5 [S12]. Reserves are attested by Accountable and refreshed approximately 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/" },
    { id: "S5", url: "https://docs.anchored.finance/getting-started/corporate-actions.md" },
    { id: "S6", url: "https://docs.anchored.finance/getting-started/fees-and-taxes.md" },
    { id: "S7", url: "https://anchored.finance/" },
    { id: "S8", url: "https://anchored.finance/terms" },
    { 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 holders methodology

## 1. Overview

Asset holders is measured as the number of unique addresses that hold a non-zero balance of a project’s assets. This metric is used by investors to track the expansion or contraction of the asset holder base over time. Data is aggregated daily for each tracked asset across all supported blockchain networks.

## 2. Data sources

- **EVM chain data**: Ledger state and ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others).
- **Solana instructions**: SPL token account data and transfer instructions.
- **Other chain types**: Account and balance data from Aptos, Near, and Polkadot Asset Hub.
- **Asset metadata**: Token contract addresses and decimal precision retrieved from asset metadata.

## 3. Step-by-step calculation

### Component A: Address balance identification

- **Purpose**: Identify all unique addresses associated with a specific token and determine their current holdings.
- **Logic**: For EVM-compatible chains, balances are derived by parsing ERC-20 `Transfer` events or by querying the ledger state for all addresses that have interacted with the token contract. On Solana, account balances are retrieved from the SPL token program. Similar account-based balance records are extracted for Aptos, Near, and Polkadot Asset Hub to identify the population of potential holders.
- **Key fields**: `token_address` (the contract address of the asset), `address` (the unique identifier of the holder), `timestamp` (the time of the state record).

### Component B: Normalization and non-zero filtering

- **Purpose**: Ensure token amounts are accurate and exclude addresses that no longer hold the asset.
- **Logic**: Decimal precision is retrieved from token metadata for each asset. All raw amounts are normalized by decimal precision. A filter is applied to exclude any address where the resulting balance is zero. Only addresses with a positive balance are retained for the final count.
- **Key fields**: `amount` (the normalized quantity of tokens held), `decimals` (the precision factor for the asset).

### Component C: Daily aggregation and gap filling

- **Purpose**: Calculate the final daily count and ensure continuity in the time series.
- **Logic**: Unique addresses are counted for each asset per chain on a daily grain. The data is combined across all chains to provide a total holder count per asset. For days where no new balance changes are recorded, the metric is filled with zero values or the previous known state is maintained to ensure a continuous daily record.
- **Key fields**: `asset_holders` (the count of unique addresses), `timestamp` (the day of the observation).

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

Unique addresses holding a non-zero balance of the asset.

Asset holders

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

Amazon aStock (aAMZN) is a token tracking AMZN 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 consumer discretionary 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, qualified investors, and accredited investors worldwide can mint and redeem directly with Anchored in USDC after completing KYC.

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.

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

Amazon aStockaAMZN