Medtronic xStock 

MDTX Price

What is Medtronic xStock (MDTX)?

Medtronic xStock (MDTX, styled MDTx) is a tokenized tracker certificate that tracks the share price of Medtronic plc (NYSE: MDT), a medical-technology company covering cardiovascular, medical-surgical, neuroscience, and diabetes segments. Issuer Backed Assets (JE) Limited and tokenizer Backed Finance AG issue MDTX under the xStocks brand. Each token is backed 1:1 by real MDT shares held in regulated custody. MDTX is a Backed product, not a Medtronic product — holders receive price exposure only.

Is MDTX backed by real Medtronic stock?

Yes. Every MDTX token is backed 1:1 by real Medtronic (MDT) shares held with regulated third-party custodians, including Alpaca Securities, Incore Bank, Maerki Baumann, and GTN Europe, with Security Agent Services AG acting as security agent. Supply expands only when new MDT shares enter custody and contracts when tokens are redeemed. The underlying share is Medtronic plc, ISIN IE00BTN1Y115; the certificate itself carries product ISIN CH1436219575.

Does MDTX give holders shareholder rights or Medtronic dividends?

No. MDTX holders receive price exposure to MDT stock only. Per Kraken's product disclosure, MDTX confers no ownership stake in Medtronic plc, no voting rights, and no information rights. Dividend entitlement does not pass to token holders — the certificate tracks share price, not shareholder status. Investors seeking voting rights and dividends must hold MDT shares directly through a brokerage.

How can I buy Medtronic tokenized stock (MDTX)?

Access runs through licensed distribution partners rather than open listings. Kraken distributes MDTx to eligible non-US retail clients through its xStocks product with 24/5 trading hours and a minimum purchase of $1; tokens bought there are withdrawable to on-chain wallets. Availability depends on jurisdiction, and on-chain purchases require a wallet on a supported network where liquidity exists.

Is MDTX available in the United States?

No. MDTX is not offered to US persons. Per Kraken's disclosure, xStocks products are unavailable in the USA, and distribution reaches only eligible non-US retail clients through licensed entities. Medtronic plc itself is Irish-domiciled and NYSE-listed, but the tokenized wrapper carries its own geographic restrictions that follow the issuer's licensing, not Medtronic's listing venue.

Which blockchains does the MDTX token run on?

Per DropsTab data, MDTX exists on four networks: Ethereum, Arbitrum One, BNB Smart Chain, and Solana. The EVM deployments share one contract address, verifiable on Etherscan and Arbiscan; the Solana version is a separate SPL token address. This multi-chain setup lets holders move MDT price exposure across EVM ecosystems and Solana, subject to liquidity on each network.

Does MDTX have a vesting schedule or token unlocks?

No. MDTX has no allocations, cliff periods, or unlock schedule — those concepts apply to fundraising tokens, and MDTX raised no capital. Supply is a structural mint-and-burn mechanism: new tokens are minted only against newly custodied MDT shares and burned on redemption, with no fixed maximum. Inflation risk in the crypto-emission sense does not apply to this certificate.

What is MDTX's total and circulating supply?

No fixed maximum supply exists. MDTX uses a mint-on-demand and burn-on-redemption model, so total supply tracks the number of MDT shares held in custody at any moment and changes with issuance and redemption flows. No official fixed supply figure is published; the live on-chain figure is visible on the DropsTab MDTX page. On-chain holdings concentrate in a small number of custody wallets, leaving minimal circulating float.

How do MDTX token redemption and fees work?

Token holders can redeem MDTX with the issuer, Backed, in exchange for the underlying value of the custodied MDT shares. The redemption and issuance fee runs up to 0.50%. A management fee is currently set at 0, though the product documentation allows introducing up to 0.25% per year. Backed last updated the MDTX product page on June 30, 2025.