Stronghold

Stronghold Anchor Limited was registered in New Zealand on 2018-09-13. The later MiCA paper describes the broader project as infrastructure for digital-asset payments, settlement and access to financial services; it does not prove that every current product existed on incorporation day.

SHX's first identified Stellar activity was 2018-12-22. Stronghold says it created 100 billion units and distributed about 5% to early users late that year without an ICO or other public sale, leaving most of the supply with the issuer for ecosystem purposes without a current beneficiary-by-beneficiary table.

Stronghold's rewards program linked transaction dollars to points redeemable for SHX or fee benefits. Merchant Financing went further, offering approved businesses up to $250,000 and collecting repayment as a share of sales.

This changed the token's role in the story: Stronghold presents SHX liquidity as support for merchant capital, while the reviewed terms stop short of making holders lenders of record or owners of receivables and repayments.

The official report for Proposal 4 in December 2024 lists total participating voting power of 158,320,372 SHX, with 112,393,017 in favor, none against and 45,932,355 abstaining. Those components add up to 158,325,372 SHX, which is 5,000 more than the reported total; the figures in the official report are inconsistent. The report records adoption of rules with separate quorum and approval thresholds for ordinary proposals and amendments.

The process gave token balances a way to signal technical priorities. The MiCA disclosure later said those votes cannot compel company action, and the reviewed material did not identify a current issuer-run staking contract with a reward formula or slashing rules.

Classic Stellar SHX has a locked issuer: zero master weight plus immutable, non-revocable and non-clawback flags. That account cannot create more Stellar SHX, freeze trustlines or claw balances back.

The current Ethereum token, deployed on 2025-10-14, instead uses an Axelar InterchainToken and token-manager proxy for mint and burn; Solana also relies on Axelar authority. The irreversible 1:1 migration from the old Ethereum address made bridge operation and correct contract selection part of the asset's history.

The July 2026 MiCA paper names New Zealand company 7032593, Stronghold Anchor Limited, as issuer and says it has no parent company. It also lists Stronghold Corporation Limited among persons involved in implementing the project.

The current New Zealand register instead shows Stronghold Corporation Limited as sole shareholder and Action Factory, Inc. as ultimate holding company. These are conflicting descriptions of corporate context, not evidence that SHX changed issuer; the reviewed records do not explain the discrepancy.