apxUSD

apxUSD is issued by Apyx. What stands behind it: preferred stock of a bitcoin-treasury company. Only approved holders can redeem it; others leave by selling.

Facts

Issuer

Apyx

What stands behind it

preferred stock of a bitcoin-treasury company

Strategy

dividends on preferred shares issued by companies that hold crypto on their balance sheet

Valued in

USD

Position in the capital stack

not a tranche

Who has to keep a promise

a regulated issuer, a manager off chain, an exchange holding the assets

Redemption

redeemed only by approved holders

Who can change it

a timelock · 72 h delay · Ethereum and Base; who controls the BNB deployment could not be read 0xe167330e2eac88666de253e9607c6d9ae0ca2824 (Ethereum)

Audits

Halborn, 2026-06
Quantstamp, 2026-04
Certora, 2026-03
Zellic, 2026-03
Quantstamp, 2026-02

Bug bounty

not found in a source that meets the standard

Depends on

Strategy's STRC preferred stock
Other assets from the same issuer: apyUSD

Chains

BNB, Base, Ethereum · bridged copy on BNB, Base

Checked

2026-10-01, from the issuer's own documents

Sources

https://docs.apyx.fi/product-overview/apxusd-overview
https://docs.apyx.fi/risk-management/apyx-and-dat-risks
https://docs.apyx.fi/resources/audits
https://docs.apyx.fi/solution-overview/peg-stability-model
https://docs.apyx.fi/collateral-and-custody/custody-overview
https://docs.apyx.fi/collateral-and-custody/accountable-dashboard

Pendle markets on it

Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.

Not found

What the research has not answered for this asset, said rather than left blank.

• A public bug bounty programme.
• Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.