S&P Small Cap Tokenised ETF (xStock) PriceIJRXInactive

What is S&P Small Cap Tokenised ETF (xStock) (IJRX)?

S&P Small Cap Tokenised ETF (xStock), traded under the ticker IJRx, is a tracker certificate issued as a freely transferable ERC-20 token on selected blockchains. It is issued by Backed as part of the xStocks ecosystem. The token is designed to track the price of the iShares Core S&P Small-Cap ETF (ticker: IJR), a passively managed exchange-traded fund sponsored by BlackRock that seeks to track the investment results of the S&P SmallCap 600 Index. IJRx is backed by the corresponding underlying ETF, giving token holders exposure to a broad basket of small-capitalization U.S. equities without directly holding the ETF itself. The token standard is ERC-20, and the product is categorized as a tokenized asset and tokenized stock within the xStocks ecosystem. Total supply data for the token has been reported at approximately 265.87K per CryptoRank, while LiquidityFinder listed a current supply of 449,582.62869185 as of July 17, 2026.

Key Specifications & Tokenomics

• Name: S&P Small Cap Tokenised ETF (xStock)
• Ticker / Symbol: IJRx
• Token Type: Tracker certificate issued as an ERC-20 token
• Issuer: Backed (Backed Assets), part of the xStocks ecosystem
• Underlying Asset: iShares Core S&P Small-Cap ETF (IJR)
• Blockchain Explorer: www.oklink.com
• Category: Tokenized Assets, Tokenized Stock, xStocks Ecosystem
• Total Supply: 265.87K
• Current Supply: 449,582.62869185 as of Jul 17, 2026
• CMC ID: 39705
• UCID: 41406

Who created S&P Small Cap Tokenised ETF (xStock)?

IJRx is issued by Backed (Backed Assets) as part of the xStocks ecosystem. Backed is the entity responsible for issuing the tracker certificate that underpins the token. The underlying asset, the iShares Core S&P Small-Cap ETF, is sponsored by BlackRock, Inc. and managed by BlackRock Fund Advisors. The ETF was launched on May 22, 2000. Detailed public information about the specific individuals or founding team behind the Backed platform is currently limited in the available references.

How does S&P Small Cap Tokenised ETF (xStock) work?

IJRx functions as a tracker certificate issued as a freely transferable token on selected blockchains. The token tracks the price of the iShares Core S&P Small-Cap ETF, which itself seeks to track the investment results of the S&P SmallCap 600 Index. This index measures the performance of the small-capitalization sector of the U.S. equity market, as determined by S&P Dow Jones Indices LLC. The S&P Committee selects 600 stocks representing about 3% of the publicly available market, and the index consists of securities from a broad range of industries. The token is backed by the corresponding underlying ETF, meaning that the value of IJRx is designed to reflect the value of the underlying ETF shares. Because it is issued as an ERC-20 token, it can be transferred on supported blockchains and used within compatible wallet and DeFi infrastructure. The underlying ETF holds a diversified portfolio of approximately 680 holdings, with the heaviest allocation to the Industrials sector at roughly 17% of the portfolio, followed by Consumer Discretionary and Financials.

What makes S&P Small Cap Tokenised ETF (xStock) unique and valuable?

The primary value proposition of IJRx lies in its ability to provide tokenized exposure to the U.S. small-cap equity market through a blockchain-based instrument. The underlying iShares Core S&P Small-Cap ETF is described as the largest ETF attempting to match the Small Cap Blend segment of the U.S. equity market, with assets under management exceeding $107.60 billion as of September 14, 2026, per Zacks. The ETF carries a net expense ratio of just 0.06%, making it one of the least expensive products in the space. It holds about 680 holdings, with the top 10 holdings representing approximately 6.86% of total assets, indicating broad diversification. The fund has received a Zacks ETF Rank of 1 (Strong Buy), and Morningstar analyst Zachary Evens noted that the ETF's low fee, broad diversification, and profitability bias make it hard to beat. By tokenizing exposure to this ETF, IJRx offers a way for eligible non-U.S. investors to access U.S. small-cap equities in token form.

What is S&P Small Cap Tokenised ETF (xStock) used for?

IJRx is used to gain tokenized exposure to the performance of the iShares Core S&P Small-Cap ETF, which tracks the S&P SmallCap 600 Index. The token allows eligible holders to track the price of the underlying ETF without directly purchasing ETF shares through traditional brokerage channels. As an ERC-20 token, IJRx can be transferred freely on selected blockchains and may be integrated into compatible wallets and decentralized finance applications. The underlying ETF provides exposure to a diversified portfolio of small-cap U.S. equities across a broad range of industries, with a focus on the Industrials, Consumer Discretionary, and Financials sectors. Small-cap companies are generally defined as those with market capitalization below $2 billion, and blend ETFs tend to hold a mix of growth and value stocks. IJRx is part of the broader xStocks ecosystem, which includes other tokenized assets such as tokenized representations of Gold, Nvidia Corp, Apple Inc., Alphabet Inc Class A, Microsoft Corp, and others.

How Is the S&P Small Cap Tokenised ETF (xStock) ecosystem developing?

IJRx is part of the xStocks ecosystem issued by Backed, which includes a range of related tokenized assets. Per CoinMarketCap's "Popular Real World Assets" category, related tokenized assets in the broader ecosystem include Gold (GOLD), Nvidia Corp (NVDA), Apple Inc. (AAPL), Alphabet Inc Class A (GOOGL), Microsoft Corp (MSFT), Silver (SILVER), Amazon.com Inc (AMZN), Taiwan Semiconductor Manufacturing Co Ltd (TSM), SpaceX (SPCX), Meta Platforms, Inc. (META), Broadcom Inc (AVGO), Tesla, Inc. (TSLA), SK Hynix (SKHY), Micron Technology Inc (MU), Berkshire Hathaway Inc Class B (BRK.B), Eli Lilly And Co (LLY), JPmorgan Chase & Co (JPM), and Advanced Micro Devices Inc (AMD). The underlying ETF, IJR, is part of BlackRock's Core ETFs lineup and is compared against alternatives such as the iShares Russell 2000 ETF (IWM), Vanguard Morningstar Small-Cap ETF (VB), and SPSM in various analyst articles. Recent news coverage of the underlying ETF includes a Zacks Equity Research piece from September 14, 2026, a Motley Fool comparison of SPSM vs IJR from September 1, 2026, a 24/7 Wall Street article from July 30, 2026, and a Seeking Alpha analysis from July 27, 2026.

How to mine S&P Small Cap Tokenised ETF (xStock)?

IJRx is not a mined cryptocurrency. It is a tracker certificate issued as an ERC-20 token by Backed as part of the xStocks ecosystem. There is no mining mechanism, proof-of-work consensus, or staking protocol associated with this token. The token is backed by the corresponding underlying ETF, the iShares Core S&P Small-Cap ETF, and its value is designed to track the price of that ETF. Acquisition of IJRx is typically done through platforms that support the xStocks ecosystem, rather than through mining or staking activities. Eligibility restrictions apply, as described below.

How to keep your S&P Small Cap Tokenised ETF (xStock) safe?

Because IJRx is an ERC-20 token, standard security practices for Ethereum-based tokens apply. Users should store IJRx in a compatible wallet that supports ERC-20 tokens and should safeguard their private keys and seed phrases. Hardware wallets are generally recommended for holding tokenized assets of significant value. Users should verify the token contract address when interacting with the token and should be cautious of phishing attempts or fraudulent tokens with similar names. It is also important to note the regulatory restrictions associated with this product. Backed's products are prohibited for individuals who are U.S. citizens, U.S. residents, or anyone otherwise taxable in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered, sold, or delivered within the United States to, or for the account or benefit of, U.S. Persons. Access to the Backed product page is restricted by country. Eligible users should ensure they comply with all applicable regulations in their jurisdiction before acquiring or holding IJRx.