Palantir xStock 

PLTRX Price

What is the Palantir xStock (PLTRX) tokenized stock?

Palantir xStock (PLTRX) is a 1:1 share-backed tracker certificate on Palantir Technologies Inc. (NASDAQ: PLTR), issued under the xStocks program by Backed Assets (JE) Limited — certificate ISIN CH1436219625. The wrapper gives crypto traders on-chain price exposure to a NASDAQ-listed equity without a brokerage account. PLTRX exists as a Solana SPL token and an ERC-20 on Ethereum, BSC and Arbitrum, and trades around the clock — unlike the underlying stock's regular market sessions.

Is Palantir xStock backed by real PLTR shares?

Yes. Each PLTRX certificate is backed 1:1 by Palantir (PLTR) shares held within the issuance structure, with Backed Finance AG as tokenizer and Security Agent Services AG as security agent. Supply expands when qualified counterparties deposit PLTR shares and mint new certificates, and contracts when certificates are redeemed against the underlying shares. This mint-and-redeem mechanism keeps the token price tied to the listed equity.

Does Palantir xStock (PLTRX) give shareholders voting rights?

No. PLTRX confers price exposure only — holders receive no shareholder voting rights in Palantir Technologies. Per Kraken's xStocks documentation, xStocks don't confer ownership of the underlying shares. Dividends paid on the underlying PLTR stock are automatically reinvested into the token balance rather than distributed separately to holders.

What is the difference between Palantir xStock (PLTRX) and PLTR?

PLTR is the NASDAQ-listed Palantir Technologies share — bought through a brokerage during regular market hours, with shareholder rights attached. PLTRX is a tokenized tracker certificate on that same share — traded 24/7 on-chain, held in a crypto wallet, with no voting rights and jurisdictional purchase restrictions. Both instruments track the same underlying price; the wrapper adds crypto-rail access and carries its own issuer fees.

Does PLTRX have a maximum supply?

No. PLTRX has no fixed maximum supply — the inventory is elastic by design. Supply expands when primary issuance mints certificates against deposited PLTR shares and contracts when holders redeem certificates for the underlying equity. Because PLTRX is a tracker certificate rather than a protocol token, no vesting schedule, TGE allocation or unlock calendar exists. The live token count floats with issuance demand and is shown live on DropsTab.

How can you buy Palantir xStock?

Kraken lists PLTRX for 24/5 tokenized-stock trading in its app, with withdrawals to self-custody wallets. Per DropsTab data, PLTRX also trades on Raydium (CLMM) DEX pairs against USDC and SOL on Solana, and a USDT-margined PLTRX perpetual trades on Gate.io Futures. On-chain liquidity is thin relative to the NASDAQ-listed PLTR, so DEX execution prices can deviate from the equity price.

Is PLTRX available to US investors?

No. PLTRX certificates are not registered under the US Securities Act and are not offered to US persons. Primary purchases from the issuer are gated to Qualified or Professional Investors under FinSA, the Swiss financial-services act. Kraken additionally notes that xStocks are unavailable in the US, the EEA and certain other regions — a restriction that limits the token's addressable trading audience.

What fees does PLTRX charge?

PLTRX currently carries no management fee. The issuer may introduce one of up to 0.25% per year. An issuance and redemption fee of up to 0.50% applies when entering or exiting the certificate through primary creation or redemption. These issuer terms sit on top of any trading fees charged by the exchange or DEX used.

Can PLTRX be used as DeFi collateral?

Yes. The issuer positions PLTRX for DeFi use — the token transfers freely to self-custody wallets and can serve as collateral in money-market protocols. Kraken separately runs an opt-in Auto Earn program paying up to 1% in rewards on supported xStock tokens. Availability of these uses depends on the holder's jurisdiction and the specific protocol's listing.

What is the PLTRX contract address?

The canonical PLTRX mint on Solana is XsoBhf2ufR8fTyNSjqfU71DYGaE6Z3SUGAidpzriAA4 — the "Xso" prefix marks official xStocks mints. The same ERC-20 contract, 0x6d482cec5f9dd1f05ccee9fd3ff79b246170f8e2, is deployed on Ethereum, BNB Smart Chain and Arbitrum One. Addresses are immutable once deployed; always verify a token address against these before transacting.