Coca-Cola xStock 

KOX Price

What is Coca-Cola xStock (KOX)?

Coca-Cola xStock (KOX) is a tokenized share of The Coca-Cola Company (NYSE: KO), giving crypto users 24/7 on-chain exposure to the stock without a brokerage account. The token belongs to the xStocks suite issued by Backed Assets (Backed Finance), a Swiss issuer with a FINMA asset-management license. Each KOX token is collateralized 1:1 by one KO share held with a regulated custodian. The xStocks line launched on 4 June 2025 through Kraken, with Bybit, Sygnum, and Bank Frick following the same week.

How does Coca-Cola xStock (KOX) work?

Each KOX token carries 1:1 economic exposure to one KO share. The underlying share sits with a regulated custodian inside a bankruptcy-remote issuing SPV, governed by a three-party Account Control Agreement, with publicly verifiable proof of reserves per issuer documentation. New tokens are minted only against a deposited backing share and burned on redemption. Issuance and redemption run during US market hours (24/5); secondary trading runs 24/7.

Is KOX backed by real Coca-Cola shares?

Yes. Every KOX token is fully collateralized by one KO share held with a regulated custodian. Collateral sits in a bankruptcy-remote SPV under a three-party Account Control Agreement, and reserves are publicly verifiable per issuer documentation. Because new supply requires 1:1 share collateral, the token count cannot expand without matching backing — inflation of KOX without deposited shares is structurally impossible.

Does KOX pay dividends?

Yes, via an on-chain rebasing mechanism. When The Coca-Cola Company pays a dividend or executes a split, KOX token balances adjust automatically — no holder action is required. The rebasing mechanism keeps each token aligned with one share of underlying economic exposure, including fractional holdings.

What is KOX's tokenomics and total supply?

KOX has no fixed maximum supply. Supply is elastic by design — tokens are minted on issuance against custodied KO shares and burned on redemption, so the count floats with demand. The live figure changes with each mint or redemption window and is shown on the token's supply panel. KOX had no token sale, no vesting schedule, and no unlock allocations — it is a collateralized wrapper, not a project token.

Which blockchains is the KOX token deployed on?

KOX is a native Solana SPL token, verifiable on Solscan under the mint address XsaBXg8dU5cPM6ehmVctMkVqoiRG2ZjMo1cyBJ3AykQ. Mirrored EVM deployments of the same wrapper run on Arbitrum One and Binance Smart Chain under the contract 0xdcc1a2699441079da889b1f49e12b69cc791129b. All three deployments represent the same 1:1-collateralized instrument.

Where can I buy Coca-Cola xStock (KOX)?

Per DropsTab data, KOX trades spot against USDT on Gate and DigiFinex, plus on-chain Solana liquidity on Raydium and Meteora pools in KOX/USDC and KOX/SOL pairs. Kraken distributes xStocks through its own product layer, which does not map onto the on-chain Backed token tracked here. Liquidity is thin: on-chain pools can trade at a premium or discount to the NYSE KO price outside US market hours, and centralized depth is limited versus mainstream crypto pairs.

Can US investors buy Coca-Cola xStock (KOX)?

No. xStocks are not offered to US persons or to other prohibited jurisdictions. Tokenized-equity eligibility rules apply to KOX, so access depends on the buyer's jurisdiction and the venue's own KYC requirements. US investors seeking KO exposure use conventional brokerage channels instead.

How is KOX different from owning KO stock directly?

KOX delivers 1:1 economic exposure to KO without conferring direct share ownership — the registered share stays with the custodian. The token trades around the clock on 5+ crypto venues, while KO trades only during NYSE hours. KOX is also DeFi-composable: holders can supply it to liquidity pools or use it as lending collateral. Dividends and splits reach holders through rebasing rather than broker payouts.

Are there other tokenized Coca-Cola tokens besides KOX?

Yes. Ondo's KOon and Reality Protocol's RKO wrap the same KO share as separate instruments with different issuers and custody arrangements. KOX is the Backed Finance xStock wrapper — x-suffix ticker, Solana SPL, custodied under Backed's SPV structure. The three wrappers track the same underlying stock but are not interchangeable, and their liquidity and venues are distinct.