Linde xStock 

LINX Price

What is the Linde xStock (LINX) tokenized stock?

Linde xStock (LINX) is a tokenized tracker certificate that gives crypto traders on-chain price exposure to Linde plc ordinary shares (Nasdaq: LIN) — the world's largest industrial-gas company. Backed Assets (JE) Limited issues the certificate, with Backed Finance AG as tokenizer. Each LINX token is backed 1:1 by one Linde share held with a regulated custodian. Holders get price exposure only — no voting or other shareholder rights.

Is Linde xStock (LINX) the same as regular LIN stock?

No. LIN is an ordinary share of Linde plc traded on Nasdaq during regular market hours, and LIN carries shareholder voting rights. Linde xStock (LINX) is a tracker certificate that mirrors LIN's price on-chain around the clock. LINX holders receive no voting rights, and the issuer does not exercise the underlying votes. The certificate packages price exposure, not direct share ownership.

What backs the value of the Linde xStock token?

Each LINX token is backed 1:1 by one Linde plc share held with a regulated third-party custodian. Custody sits with Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG, with Security Agent Services AG acting as security agent. Token supply changes only when a Linde share enters or leaves custody — minting against deposited shares, redemption releasing the underlying share.

Does Linde xStock pay dividends?

No. Linde xStock does not pay cash dividends to holders. Income earned on the underlying Linde shares is not distributed; per Backed's offering documentation, that income is reflected through a rebasing of the certificate's Reflected Value instead. Holders seeking non-rebasing exposure use the separate Wrapped Linde xStock (wLINx) token, which is a distinct asset.

How does Linde xStock's token supply work?

Linde xStock has no fixed maximum supply. Supply is elastic and expands or contracts with collateral mint and redeem flows — every change corresponds to a Linde share entering or leaving custody. There are no team or investor allocations, no token generation event, and no unlock calendar, so unlock-driven sell pressure does not apply to LINX. Inflation risk is limited to the 1:1 share-backed collateral flow.

Which blockchains is Linde xStock deployed on?

Linde xStock is deployed on four networks: a Solana SPL token, and one ERC-20 contract live on Ethereum, Binance Smart Chain, and Arbitrum One. The single ERC-20 address serves all three Ethereum Virtual Machine chains. Contract addresses for each network are verifiable on the respective block explorers, including Solscan and Etherscan.

What fees apply to Linde xStock?

Per the issuer's offering documentation, Linde xStock currently carries no management fee. A management fee of up to 0.25% per year may be introduced. Direct issuance and redemption of LINX tokens with Backed carries a fee of up to 0.50%. Trading through exchanges applies standard venue fees instead.

How do I buy Linde xStock?

Two routes exist. Kraken offers Linde xStock through its xStocks product with USD and BTC pairs, 24/5 trading, and fractional purchases from $1. Kraken restricts xStocks purchases to eligible countries — the product excludes Singapore, is not offered to US persons, and is not available to UK retail clients. Alternatively, the on-chain LINX token is available on decentralized exchanges via a compatible Solana or EVM wallet.

Where does the on-chain LINX token trade?

Per DropsTab data, the on-chain LINX token trades on decentralized exchange liquidity — Raydium (CLMM) lists a LINX/USDC pair on Solana. No centralized exchange spot pairs map to the on-chain token; Kraken's markets run through its own xStocks product, a separate venue-product layer. The Raydium market is thin, so larger orders can move the LINX price materially, and the Kraken product remains the more liquid route for most buyers.

What is wrapped Linde xStock (wLINx)?

Wrapped Linde xStock (wLINx) is a separate DeFi wrapper token for Linde xStock. The key difference: wLINx does not rebase, while LINX's Reflected Value rebases to absorb income on the underlying shares. Both tokens track the same Linde plc share exposure, but the two carry different contracts and are distinct assets — price and supply tracking should not merge them.