PepsiCo xStock 

PEPX Price

What is PepsiCo xStock (PEPX)?

PepsiCo xStock (PEPX) gives crypto traders on-chain exposure to PepsiCo, Inc. common stock (NASDAQ: PEP) — a tokenized tracker certificate from the xStocks platform, issued by Backed Assets (JE) Limited with Backed Finance AG as tokenizer. Each token is backed 1:1 by underlying PEP shares held in regulated custody, per the issuer. PEPX is fractionally divisible, purchasable from $1, and transferable 24/7. Tokens deploy on Arbitrum One, Solana, and BSC.

Is PEPX backed by real PepsiCo shares?

Yes. Per the issuer, every PepsiCo xStock token is backed 1:1 by PEP shares held in regulated custody. Custody and brokerage roles sit with Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and GTN Europe Financial Services; Security Agent Services AG acts as security agent. Holders can redeem tokens for cash value or the underlying shares, subject to the issuer's legal terms.

How does the PEPX tokenized stock differ from regular PEP stock?

PEPX tracks the price of PepsiCo stock without conferring direct ownership of shares — the wrapper packages price exposure into a tradable on-chain certificate. Regular PEP trades on NASDAQ during US market hours; PEPX transfers on-chain around the clock. PEPX is not registered under the US Securities Act, whereas NASDAQ-listed PEP is an SEC-registered security.

Does PEPX have a maximum supply?

No fixed maximum supply exists. PepsiCo xStock uses an elastic, redemption-driven inventory — supply expands when tokens are minted against deposited shares and contracts when tokens are redeemed. The token carries no staking, governance, or fee-capture utility; its function is 1:1 price tracking of PEP plus on-chain transferability. See DropsTab for the live supply figure.

Where can I buy PepsiCo xStock?

Per DropsTab data, PEPX trades spot on centralized exchanges including Gate and DigiFinex, both quoting the PEPX/USDT pair, with on-chain liquidity in Raydium concentrated-liquidity pools against USDC on Solana. Kraken additionally lists xStocks including PEPx through its own tokenized-stocks product layer, which sits outside the on-chain token's DEX pairs. No derivatives markets are tracked for PEPX.

Is PEPX available in the US?

No. xStocks are not registered under the US Securities Act, and Backed does not offer PEPX to residents of the United States, the United Kingdom, Canada, or Australia. Access is limited to eligible jurisdictions outside those markets. US investors seeking PepsiCo exposure must use SEC-registered channels such as NASDAQ-listed PEP shares.

Which blockchains does PepsiCo xStock (PEPX) use?

PepsiCo xStock is deployed on Arbitrum One, Solana, and BSC. The Arbitrum One and BSC tokens share the same contract address, while the Solana version is an SPL token carrying the x-suffix convention that identifies Backed Finance xStocks instruments. Holdings are verifiable on Arbiscan, Solscan, and BscScan.

Can PEPX holders redeem tokens for the underlying PepsiCo shares?

Yes. Per the issuer, PEPX is redeemable for cash value or the underlying PepsiCo shares through the Backed issuance flow. Issuer fees apply — no management fee is charged at present, up to 0.25% per year may be introduced, and issuance or redemption can carry a fee of up to 0.50%. The issuer can pause or gate redemptions under its legal terms, a structural constraint of the wrapper.