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<p>This token is a tokenized version of Applovin shares with the ticker APPx, issued by Backed as part of the xStocks ecosystem. The token is backed by the corresponding underlying stock on a 1:1 basis, with the underlying shares held by a regulated custodian. Holders receive economic exposure to the underlying stock, including price performance and applicable corporate actions, without direct ownership of the shares or shareholder voting rights.</p>

Applovin tokenized stock (xStock)

Applovin is a tokenized stock issued by Backed as part of the xStocks ecosystem.

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