Philip Morris xStock 

PMX Price

What is Philip Morris xStock (PMX), the tokenized Philip Morris stock?

Philip Morris xStock (PMX) is a tracker certificate that gives crypto traders on-chain price exposure to Philip Morris International stock (NYSE: PM) without a brokerage account. Backed Assets (JE) Limited issues the certificate, with Backed Finance AG as tokenizer; the certificate carries ISIN CH1436219591. Each PMX token mirrors the price of one underlying PM share. PMX belongs to the xStocks tokenized-equity program, which launched with Kraken on May 22, 2025 and has since expanded past 130 tokenized assets. The certificate delivers price exposure only — no voting rights or shareholder entitlements attach to PMX.

Is Philip Morris xStock the same as PM stock?

No. Philip Morris International stock is a registered NYSE equity held through a broker, while Philip Morris xStock (PMX) is a tokenized tracker certificate that replicates PM's price performance on crypto rails. Holding PMX does not confer share ownership, voting rights, or other shareholder entitlements from the underlying stock. The two instruments track the same price, but the legal claim differs.

Are PMX tokens backed by real Philip Morris shares?

Every PMX token is backed 1:1 by Philip Morris International stock held with custodians — Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and GTN Europe Financial Services Ltd. Certificates are minted when shares are tokenized and burned on redemption, so PMX supply is elastic with no fixed maximum — DropsTab shows the live figure. This mint/burn backing mechanism replaces the emission schedule a protocol token would have.

Which blockchains and contract addresses does the PMX token use?

PMX runs as a Solana SPL token at address Xsba6tUnSjDae2VcopDB6FGGDaxRrewFCDa5hKn5vT3. The same token is mirrored on EVM chains at address 0x02a6c1789c3b4fdb1a7a3dfa39f90e5d3c94f4f9 on both BNB Smart Chain and Arbitrum One, with 18 decimals on Arbitrum. Per DropsTab data, these three networks carry the tracked PMX contracts, verifiable on Solscan, BscTrace, and Arbiscan.

Where can I buy Philip Morris xStock?

Per DropsTab data, PMX trades as a PMX/USDT spot pair on Gate — the tracked centralized market for the token. Beyond tracked pairs, xStocks products are accessible through Kraken's xStocks venue (listed there as PMx, with pre-market and after-hours tracking) and through on-chain Solana liquidity routed via Jupiter and Raydium. Tracked liquidity is concentrated in a single CEX pair, so slippage on-chain or outside market hours can exceed typical NYSE conditions.

Can PMX be traded 24/7 on-chain?

Yes. As an on-chain token, PMX trades around the clock including weekends, unlike the NYSE's fixed trading sessions. Kraken's xStocks venue additionally tracks PM price movement during pre-market and after-hours windows. The trade-off is depth: PMX liquidity is thin relative to the underlying NYSE listing, and spreads can widen materially outside US market hours.

What fees does the PMX certificate charge?

PMX currently carries no management fee. The issuer may introduce one of up to 0.25% per year, and issuance or redemption of certificates can cost up to 0.50%. Trades on Gate or on-chain DEXs add normal exchange fees, which sit outside the certificate's own fee structure.

Can PMX holders redeem tokens for actual PM shares?

Redemption is available. Eligible holders can redeem PMX certificates through Backed's redemption process for either cash value or the underlying Philip Morris International share, paying up to 0.50% in fees. This mint-and-redeem mechanism is what keeps the token's price anchored to the NYSE-listed stock.

Who can buy Philip Morris xStock?

PMX is not available to US, UK, Canadian, or Australian persons, nor to sanctioned individuals and jurisdictions — the restriction comes from the issuer's terms. Distribution runs through Payward entities, including Payward Europe Digital Solutions under MiFID II regulation in Cyprus. Eligible users in other regions can acquire PMX on Gate or on-chain.