Exxon Mobil xStock 

XOMX Price

What is Exxon Mobil xStock (XOMx)?

Exxon Mobil xStock (XOMx) is a tokenized tracker of Exxon Mobil Corporation (XOM) equity, issued under the xStocks program by Backed Assets (JE) Limited. Each XOMx token is backed 1:1 by a real ExxonMobil share held with a regulated third-party custodian. The token gives non-US traders 24/7 on-chain price exposure to Exxon stock — without a brokerage account — and is composable across Solana DeFi.

Is XOMx backed by real ExxonMobil shares?

Yes. Every XOMx token is backed 1:1 by an ExxonMobil share held with a regulated third-party custodian. Authorized participants can mint new XOMx by depositing an underlying share, and tokens are burned on redemption for the share or its equivalent cash value. The legal issuer is Backed Assets (JE) Limited, a Jersey entity; distribution runs through Kraken's Payward entities.

How do you buy tokenized Exxon stock?

Per DropsTab data, XOMx trades on Raydium concentrated-liquidity pools against USDC and USDT on Solana, and is reachable through Jupiter aggregator routing. Kraken offers XOMx through its own xStocks product. XOMx is not offered to residents of the United States, the United Kingdom, Canada, Australia, or sanctioned jurisdictions.

Can XOMx be traded 24/7 on-chain?

On-chain XOMx pools on Raydium operate continuously, including weekends. Kraken's own xStocks marketplace trades 24/5, with weekend access listed as in development. Outside US market hours, XOMx can price at a premium or discount to XOM's last close because the underlying equity is not trading to anchor it.

Do XOMx holders get dividends or voting rights?

No. XOMx holders receive price exposure only — no voting rights, no ownership of the underlying ExxonMobil share, and no information rights, per the issuer's legal disclaimer. Dividends are reinvested into token balances automatically through corporate-action multipliers, per the Solana case study; exact treatment follows the issuer's prospectus documentation.

What is XOMx's total supply?

XOMx has no fixed maximum supply. Supply is elastic: one token is minted for every share deposited with the custodian, and tokens are burned on redemption — so outstanding supply expands and contracts with demand. This structure removes the insider-allocation risk of protocol tokens, since no team or investor reserve exists. The live figure is shown on DropsTab.

Which blockchains does XOMx run on?

XOMx exists as a Solana SPL token and through a single shared EVM contract deployed on Ethereum, BNB Smart Chain, and Arbitrum One. The EVM contract uses 18 decimals. Solana xStocks use Token Extensions supporting pausing, corporate-action multipliers, and an issuer-controlled Permanent Delegate; Chainlink oracles power price feeds and corporate actions.

What are the main risks of holding XOMx instead of ExxonMobil (XOM) shares?

XOMx carries risks that direct ExxonMobil ownership does not. Liquidity is concentrated in Raydium pools and is materially thinner than the XOM order book, so off-hours trades can slip or price away from the last close. Redemption carries fees and may deliver less than the potential return of actual ownership, per the Kraken disclosure. Demand-driven minting can also expand supply quickly.