Disclosures

The plain-English version of what you're buying, what you're not, and what can go wrong.

Not investment advice

Bags, weights, stories, and evidence are editorial or public-record information. Nothing here is a recommendation to buy or sell anything, and no performance is implied.

Issuer products

xStocks are tokenized certificates issued by Backed that track listed equities. PreStocks are SPV-based tokens issued by PreStocks that reference private-company valuations. Holders do not own the underlying shares and have no voting, dividend, or information rights.

Each issuer sets its own eligibility rules. xStocks are restricted in some jurisdictions, and PreStocks are not available to U.S. persons. Learn more at xstocks.fi and prestocks.com.

Thin liquidity is possible

On-chain quotes can carry measurable price impact, and token prices can diverge from exchange or issuer prices, especially outside market hours. Total loss is possible.

Disclosure bags lag

STOCK Act filings arrive 30 to 45 days after a trade, report value ranges rather than exact amounts, and include spouse trades. Disclosure bags are built from public records. They are not a managed or live portfolio, and no member of Congress endorses or is affiliated with Stockpile.

Non-custodial

Trades are Jupiter swaps signed by your own Privy embedded wallet after the transaction is inspected on your device. Stockpile never holds keys or funds, and it only relays transactions your wallet has already signed.

For the full details, read our Terms of Service, including the sections on risks and restricted jurisdictions, and our Privacy Policy.