TSMC xStock 

TSMX  Price

What is the TSMC xStock (TSMX) token?

TSMC xStock (TSMX) is a tokenized tracker certificate that gives crypto users on-chain price exposure to Taiwan Semiconductor Manufacturing — the NYSE-listed TSM ADR and TWSE-listed 2330.TW share — without a brokerage account. The issuer is Backed Assets (JE) Limited, a Jersey SPV registered with the Jersey Financial Services Commission, under the xStocks suite. Each TSMX token is fully collateralized 1:1 by underlying TSM shares held with regulated custodians. DropsTab classifies TSMX under Tokenized Stock.

Is TSMC xStock (TSMX) backed by real TSMC shares?

Yes. Per the issuer's legal overview, each TSMX certificate is fully collateralized 1:1 by the corresponding TSM equity. Backing shares sit with regulated custodians in segregated sub-accounts. A three-party Account Control Agreement with an independent Security Agent covers that custody arrangement. Supply is elastic — it expands and contracts through mint and burn as TSM shares are subscribed and redeemed, so TSMX has no fixed maximum supply.

Does TSMC xStock (TSMX) pay dividends or carry voting rights?

No. TSMX tokenholders hold no shareholder rights in TSMC — the issuer's terms and Kraken's TSMx terms state the tokens convey no ownership or shareholder entitlements. Holders receive economic exposure to the TSM share price only. Because TSMX holders are not registered TSMC shareholders, the token carries no voting rights and no direct claim on TSMC shareholder entitlements. Redemption into the underlying share is gated to KYC-cleared qualified investors with Backed, for an additional fee.

Is TSMC xStock (TSMX) the same as the Direxion TSMX ETF?

No. TSMX as traded on-chain is the Backed Finance xStock tracker certificate deployed on Solana and Ethereum. The Direxion TSM Bull 2X ETF — NYSE ticker TSMX — is a separate leveraged ETF with a different issuer and a different risk profile. Other tokenized TSMC wrappers are also distinct instruments with different custody: Ondo TSMON, Dinari dTSM, Robinhood's token, bStocks TSMB and Reality Protocol's r-token. This page tracks only the Backed xStock wrapper.

Where is TSMC xStock (TSMX) traded — CEX or DEX?

Both. Kraken lists TSMX spot trading 24/5 for eligible non-US clients, and Bybit announced TSMX spot trading at the 2025-06-30 xStocks launch. On-chain, per DropsTab data, the verified DEX pair is FluxBeam TSMx/USDC on Solana, with Jupiter and Raydium routing referenced by secondary sources. Centralized venues carry most liquidity but close on weekends; the DEX side provides 24/7 access. On-chain depth is thin relative to the underlying TSM equity, so off-hours trades can face meaningful slippage.

How do I buy TSMC xStock (TSMX)?

Eligible buyers can purchase TSMX on Kraken, which lists Tokenized Taiwan Semiconductor (TSMx) for spot trading and supports self-custody withdrawals to Solana wallets. Bybit lists TSMX spot following the 2025-06-30 xStocks launch. On-chain, the FluxBeam TSMx/USDC pair on Solana is the verified DEX route. Kraken access requires an eligible jurisdiction — US persons and Singapore residents are excluded.

Is TSMC xStock (TSMX) available in my region?

Restricted. xStocks are not offered to US persons or other prohibited jurisdictions, and Kraken additionally flags Singapore as ineligible for TSMx. EU and EEA retail distribution runs under a Liechtenstein FMA-approved base prospectus, passported through licensed distributors. Availability on any centralized venue follows that venue's own eligibility screening.

What blockchains and contract addresses does TSMC xStock (TSMX) use?

TSMX exists on two chains. The Solana SPL contract is XsafvsGtzFqqHgTnA3aPC83EAMkacU5mcGtcSayhpVV. The Ethereum ERC-20 contract (18 decimals) is 0x9e3bf4ecfc44eedd624f26656b6736a3f093b073, verified on Etherscan as a BackedTokenProxy contract labeled TSMC xStock (TSMx). The Ethereum deployment holds a minority of total TSMX inventory as of September 2026, with the balance on Solana.