Gamestop xStock 

GMEX Price

What is the GameStop xStock tracker certificate?

GameStop xStock (GMEX, issuer style "GMEx") is a tokenized tracker certificate that gives crypto traders 24/7 on-chain price exposure to GameStop Corp. (GME) common stock — part of the tokenized-equities wave that brings US-listed shares on-chain. Backed Assets (JE) Limited issues the certificate (ISIN CH1436219690); Backed Finance AG tokenizes it from Zug, Switzerland. Each token is backed 1:1 by a GME share held with regulated custodians. GMEX exists as a Solana SPL token and as an Arbitrum One ERC-20, and DropsTab classifies it under Tokenized Stock.

How does the GMEX token track the GameStop (GME) share price?

GMEX tracks GME through 1:1 share backing. For every GMEX token in circulation, one GameStop share is held with regulated custodians — Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and GTN Europe Financial Services Limited. Security Agent Services AG acts as security agent. New tokens are minted when qualified participants deposit GME shares, and tokens are burned on redemption, which keeps the on-chain price anchored to the underlying share.

Does GMEx give voting rights or ownership of GameStop?

No. GMEx conveys price exposure only — token holders receive no voting rights, no shareholder privileges and no direct equity ownership in GameStop Corp. The underlying shares sit with the custodian, so corporate actions such as shareholder votes are not available to token holders. Dividends are handled through the issuer's mechanism. The token carries no staking and no governance.

Is there a fixed maximum supply of GMEX tokens?

No fixed maximum exists. GMEX supply is elastic: tokens are minted against deposited GME shares and burned on redemption, so the circulating figure floats with issuance and redemption flows rather than following an emission schedule — see DropsTab for the live figure. Wallet-facing surfaces report a smaller circulating count than the on-chain mint total because the two metrics measure different things: on-chain mints across both chains versus holder-facing circulation.

What fees apply to GameStop xStock (GMEX)?

No management fee applies at present. The prospectus allows the issuer to introduce one of up to 0.25% per year. Issuance and redemption carry a fee of up to 0.50%. Redemption runs through the issuer with a reported minimum of $5,000. These fees apply to qualified participants dealing directly with the issuer — secondary DEX trades carry their own pool fees instead.

Where can you buy GameStop xStock (GMEX)?

GMEX trades on-chain only. Per DropsTab data, all tracked GMEX markets are Solana DEX pairs against USDC — including Raydium and Meteora — and no centralized spot or derivative markets map to this on-chain token. Kraken lists "GameStop xStock" through its own xStocks product, which does not map to the on-chain Backed SPL token tracked here. Liquidity concentrates in thin Solana DEX books, so execution can carry a premium or discount to the GME share price.

Is GameStop xStock available to US users?

No. The certificate is not registered under the US Securities Act of 1933 and is not offered to US Persons. UK clients are also excluded, apart from limited professional exceptions. Purchase is restricted to qualified or professional investors under the Swiss FinSA and the EU Prospectus Regulation 2017/1129 framework.

Does the GMEX token have vesting unlocks or an airdrop?

No. GMEX has no vesting schedule, no team or investor allocations, and no airdrop or earning campaigns — a tracker certificate is issued on demand against deposited shares rather than distributed through token sales. Supply carries no cliff dates or scheduled unlock events, so unlock-driven inflation risk does not apply. The only supply dynamics are mints and burns from issuances and redemptions by qualified participants.

How is GMEx different from the old FTX GME token?

GMEx (Backed xStocks) is unrelated to the legacy FTX "GME" tokenized GameStop product, which was discontinued after FTX's collapse. The Backed certificate is issued on demand against deposited GME shares with 1:1 custodial backing, whereas the FTX product was a claim on a since-collapsed exchange. Unofficial "GME" meme tokens on Solana DEXs are also unrelated to GMEx.