Merck xStock 

MRKX Price

What is Merck xStock (MRKX)?

Merck xStock (MRKX) is a tracker certificate that gives crypto-native traders on-chain price exposure to Merck & Co., Inc. (NYSE: MRK), a US pharmaceutical company. Backed Assets (JE) Limited issues the certificate, with Backed Finance AG acting as tokenizer. Each MRKX token tracks one underlying MRK share on a 1:1 collateral basis, trades without a brokerage account, and is fractionally purchasable from $1. DropsTab classifies the asset under Tokenized Stock.

Is MRKx backed by real Merck shares?

Yes. Every MRKx token is backed 1:1 by one Merck & Co. (NYSE: MRK) share held in regulated custody. Custody providers include Alpaca Securities, InCore Bank, Maerki Baumann, and GTN Europe. The certificate carries ISIN CH1436219385; the underlying share carries ISIN US58933Y1055. Backing does not convey share ownership — MRKx packages price exposure into a token, not registered equity.

Can MRKx holders redeem tokens for the underlying MRK stock or cash?

Yes. MRKx is redeemable through the issuer's mint-and-burn process for the cash value of the underlying Merck share or for the share itself. Supply is elastic by design — Backed mints new tokens when shares are deposited and burns tokens on redemption. MRKx has no fixed maximum supply; the live figure is shown on the token page. Supply tracks certificate issuance, not a crypto emission schedule.

Does MRKX pay dividends or give voting rights?

No. MRKX confers no voting rights in Merck & Co. and pays no cash dividends. Holders receive price exposure only, and any dividend effect from the underlying stock is reflected in certificate pricing per issuer documentation. MRKX also has no team, investor, or treasury allocations — the certificate is issued against deposited shares, so insider-unlock risk does not apply.

Where can I buy Merck xStock (MRKX)?

Per DropsTab data, the tracked on-chain MRKx market is the Raydium (CLMM) MRKx/USDC pair, with Jupiter and Raydium handling Solana routing. The same token also circulates as an ERC-20 on Ethereum, BSC, and Arbitrum One. Kraken and other platforms offer xStocks as their own tokenized-equity products — those venues wrap the same Backed certificates rather than listing the tracked on-chain token.

What are the liquidity risks of trading MRKx on-chain?

The tracked MRKx token trades on-chain 24/7, but its venue coverage is DEX-only, so order depth is materially thinner than the underlying MRK equity. Merck stock trades only during NYSE sessions; the MRKx market never closes. Outside US market hours, on-chain prices can deviate from the certificate's net asset value, trading at a premium or discount.

Is Merck xStock available in the US?

No. MRKX is not registered under the US Securities Act of 1933 and is not available to US Persons as defined by the CFTC. The issuer also excludes UK clients and sanctioned persons. xstocks.com states availability in 110+ countries, with the United States, United Kingdom, Canada, and Australia explicitly excluded.

What fees does MRKX charge?

MRKX currently carries no management fee. The issuer reserves the right to introduce a fee of up to 0.25% per year. Issuance and redemption transactions cost up to 0.50% of transaction value. On-chain trading on Raydium adds standard Solana network and DEX costs on top of issuer fees.

Which blockchains host the MRKX token contract?

MRKX exists as a Solana SPL token at address XsnQnU7AdbRZYe2akqqpibDdXjkieGFfSkbkjX1Sd1X. A shared EVM contract, 0x17d8186ed8f68059124190d147174d0f6697dc40, deploys the token on Ethereum, BSC, and Arbitrum One. Solana carries the primary liquidity — the Raydium (CLMM) MRKx/USDC pair runs there. All four addresses are verifiable on Solscan, Etherscan, BscScan, and Arbiscan.