# Microsoft Corporation (Backpack) (MSFT.US) ## Instrument: [Microsoft Corporation (Backpack) (MSFT.US)](/stocks/instruments/microsoft-backpack-msft-us) Provider: [Backpack](https://backpack.exchange/tokenized-stocks/assets) (ID: backpack).[^3] - **Token price: Unavailable**. Not available from configured source. - **Token market cap: Unavailable**. Not available from configured source. ID: microsoft-backpack-msft-us. Asset ID: microsoft. Aliases: none. - **Legal issuer: Trek Nexus Markets Ltd**. Issuer Terms name a BVI business company or issuing affiliate; not Trek Labs exchange operator, Trek Forge beneficiary, or underlying company. No independently verified affiliate-per-series allocation.[^5] - **Structure: Digital receipts evidencing potential pro-rata entitlement under separate bare trusts**. Issuer Terms p1 and clauses 1.7,1.18: trust created solely by June 6 Instrument; Trek Forge/nominee is sole recognized beneficiary while exchange supports tokens unless a Direct Redemption Contingency occurs and register is updated. Token withdrawal alone does not confer beneficiary/redemption rights. Marketing real ownership refers also to a different traditional UCC Article 8 account model.[^5][^4][^6] - **Dividend treatment: Reinvested**. Issuer Terms 3.7 requires allocation of received distributions into additional underlying approved assets, net of fees/withholdings unless otherwise agreed; token overview says token dividends reinvested and corporate actions via proportional/rebasing balance adjustment. Not a claim that every stock pays dividends, that every holder is a direct beneficiary, or that traditional cash USD payouts apply to tokens.[^5][^4] - **Shareholder rights: Not a direct shareholder**. Ordinary wallet token holding is not direct underlying shareholder ownership. Issuer Terms 1.18 restrict beneficiary recognition to Trek Forge until contingency/register update, with KYC/KYT/evidentiary requirements. Clause 3.9 allows recognized Tokenholder voting instructions subject to limits, so do NOT simplify to no voting under every circumstance. Brokerage securities rights are separate.[^5][^4][^6] ### Solana deployment (solana:5eykt4UsFv8P8NJdTREpY1vzqKqZKvdp) ID: microsoft-backpack-msft-us-solana. Instrument ID: microsoft-backpack-msft-us. - **Address: MSFThX899B1DddH5jkyMpdArWXzP85VXLYDrbGGcRJM**. Issuer-published base token address; no onchain execution or runtime verification.[^3][^7] [View address](https://solscan.io/token/MSFThX899B1DddH5jkyMpdArWXzP85VXLYDrbGGcRJM) - **Decimals: 6**. Issuer registry explicitly publishes decimals for this exact deployment; not an RPC observation.[^7] - **Balance accounting: Unknown**. Token overview describes proportional/rebasing balance adjustments, but no issuer source consulted specifies SPL raw-unit vs scaled-UI accounting for each mint. Do not infer scaled-ui-amount from Solana or decimals=6.[^4][^5] - **Lifecycle: Unknown**. Published address does not establish operational lifecycle, current minting, eligibility or trading availability.[^3][^7] ## Underlying: [Microsoft (MSFT)](/stocks/microsoft) ID: microsoft. Aliases: Microsoft, Microsoft stock, Microsoft Corporation Common Stock. - **Stock price: 521.91 USD**. Source: [Yahoo Finance](https://finance.yahoo.com/quote/MSFT/); asOf: 2026-10-30T20:00:01.000Z; observedAt: 2026-11-01T11:42:07.395Z. Regular-market price in USD per underlying listed share; not after-hours or token price. - **Stock market cap: 3875804807168 USD**. Source: [Yahoo Finance](https://finance.yahoo.com/quote/MSFT/); asOf: unknown; observedAt: 2026-11-01T11:42:07.395Z. Yahoo-reported equity market cap; effective date unknown (not exposed). Share-class methodology is not independently confirmed; not an independent audit. - **Identity: Microsoft Corporation Common Stock / MSFT**. Underlying stock name and ticker published on the issuer product page.[^1] - **Underlying ISIN: US5949181045**. Underlying security ISIN reported by the issuer API, distinct from the xStock instrument ISIN (CH1436219203).[^2] - **Exchange: Nasdaq Stock Market (XNAS)**. Underlying listing exchange reported by the issuer API, not the venue where the token trades.[^2] ## Evidence sources [^1]: [MSFTon: Microsoft (Ondo Tokenized) Tokenized Stock Price & Chart | Ondo](https://app.ondo.finance/assets/msfton) — checkedAt: 2026-10-31T13:03:59.246362Z; scope: instrument. [^2]: [Microsoft xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/MSFTx) — checkedAt: 2026-10-31T13:20:50.961423+00:00; scope: instrument. [^3]: [Backpack-issued tokenized securities asset universe](https://backpack.exchange/tokenized-stocks/assets) — checkedAt: 2026-10-31T19:13:08.165945Z; scope: issuer-family. [^4]: [Backpack tokenized securities ownership-model overview](https://support.backpack.exchange/backpack-securities/tokenized-securities) — checkedAt: 2026-10-31T19:13:08.586071Z; scope: issuer-family. [^5]: [Backpack Securities Issuer Terms and Conditions, effective 10 June 2026](https://drive.google.com/uc?export=download&id=1stJoNwPAOaHDbFmL72OGSkAxyCf-_RCo) — checkedAt: 2026-10-31T19:15:31.329368Z; scope: issuer-family. [^6]: [Backpack real ownership and legal framework](https://support.backpack.exchange/backpack-securities/real-ownership-and-legal-framework) — checkedAt: 2026-10-31T19:14:07.370650Z; scope: issuer-family. [^7]: [Backpack public asset metadata registry](https://api.backpack.exchange/api/v1/assets) — checkedAt: 2026-10-31T19:19:58.937896Z; scope: issuer-family. --- [HTML](/stocks/instruments/microsoft-backpack-msft-us) · [JSON](/stocks/instruments/microsoft-backpack-msft-us.json) · [Methodology](/methodology.md)