Meta xStock 

METAX Price

What is Meta xStock (METAX) tokenized stock?

Meta xStock (METAX) is a tokenized certificate that mirrors the price of Meta Platforms (META) Class A shares, giving on-chain users META price exposure around the clock. The token belongs to the xStocks tokenized-equity framework: Backed Assets (JE) Limited issues product Nr. 22 under ISIN CH1436219229, with tokenization by Backed Finance AG. METAX is a derivative debt instrument, not Meta equity — holders get price tracking without shareholder rights. DropsTab classifies it under Tokenized Stock.

What are xStocks tokens?

xStocks is a family of tokenized US equities issued under the same Backed framework as METAX. Each ticker tracks one underlying share — TSLAX for Tesla, MSTRX for MicroStrategy, and METAX for Meta. Tokens are 1:1-backed by shares held in custody and enter or leave circulation through minting and redemption. Issuance is multi-chain, with deployments on Solana, Arbitrum, and additional EVM networks.

Does METAX give ownership of Meta shares?

No. METAX is a derivative debt certificate that tracks the META share price. Holders receive no shareholder voting rights and no dividends. The wrapper packages price exposure into a tradable on-chain token, so ownership of Meta Platforms itself stays outside the token — holding METAX substitutes price exposure, not equity ownership.

Who issues METAX and under what regulation?

Backed Assets (JE) Limited issues METAX under a base prospectus approved in Liechtenstein by the FMA as of 8 May 2026. The approval runs until 7 May 2027. The METAx Final Terms were signed 25 June 2025, and a restated version was published 17 November 2025 on the issuer's documentation hub. Backed Finance AG handles tokenization.

Is METAX 1:1-backed by META shares?

Each METAX token is 1:1-backed by META shares held in custody under the prospectus. New tokens enter circulation only through minting against custodied shares, and they exit through redemption. Supply therefore floats with demand — no fixed maximum supply exists, so the on-chain token count is not an independent supply signal. Backing ultimately depends on the issuer's custody arrangements.

Where can you buy METAX?

Per DropsTab data, METAX trades on 10+ markets across three venue classes. Spot listings pair METAX/USDT on centralized exchanges including Bybit, Gate, and MEXC. On-chain liquidity runs through Raydium CLMM pools (METAx/USDC and METAx/SOL) on Solana. Perpetual futures trade on Gate.io Futures, Kraken Futures, and Delta Exchange. The centralized USDT pair is the dominant route.

Which blockchains support METAX?

METAX exists as a Solana SPL token (mint Xsa62P5mvPszXL1krVUnU5ar38bBSVcWAB6fmPCo5Zu) and as an ERC-20 on Arbitrum One (contract 0x96702be57cd9777f835117a809c7124fe4ec989a, 18 decimals). The same ERC-20 deployment also exists on Ethereum and Ink, with a wMETAx wrapped version on Mantle. Multi-chain issuance lets holders move META price exposure into DeFi composability, such as Raydium liquidity provision. DropsTab tracks both chains under the Solana Ecosystem and Arbitrum Ecosystem categories.

What's the difference between METAX and META stock?

META shares trade through brokers during equity-market hours and confer shareholder rights. METAX tracks the same share price but settles on-chain around the clock, without voting rights or dividends. The token also carries issuer counterparty and custody risk that direct share ownership does not — METAX vs META stock is exposure versus ownership.

What are the risks of holding the METAX token?

Four risk classes apply. Backing depends on the issuer's custody arrangements under the prospectus. Eligibility is restricted by jurisdiction, so some buyers cannot lawfully hold the certificate. Raydium DEX pools are thin relative to centralized order books, so large on-chain swaps face slippage. Perpetual futures pricing can deviate from the token around equity-market closes.