Walmart xStock 

WMTX Price

What is Walmart xStock (WMTx) tokenized stock?

Walmart xStock (WMTx) is a tokenized tracker certificate that gives crypto traders 24/7 on-chain price exposure to Walmart Inc. (NYSE: WMT) common stock — tokenized equity without a brokerage account. Backed Assets (JE) Limited issues the certificate, with Backed Finance AG acting as tokenizer. Regulated custodians including Alpaca Securities LLC and InCore Bank AG hold the underlying shares. Walmart Inc. does not issue WMTx; the company is only the underlying asset. Purchases start from $1 in 110+ countries.

Is WMTx backed 1:1 by real Walmart shares?

Yes. Each WMTx token is minted only when an equivalent Walmart share is placed with a regulated custodian, so the token supply is backed 1:1 by custodied WMT shares. Custodians and brokers include Alpaca Securities LLC, InCore Bank AG and Maerki Baumann & Co. AG. The underlying shares carry ISIN US9311421039. No WMTx is created without share custody behind it.

How does the WMTx mint-and-burn supply mechanism work?

WMTx supply is an elastic mint-and-burn inventory, not a fixed emission. New tokens are minted when Walmart shares enter custody and burned when holders redeem, so supply expands and contracts with demand. No maximum supply exists — the live figure appears on the token page. Because supply tracks custodied shares 1:1, insider-allocation and unlock risk in the crypto sense do not apply to WMTx.

Does WMTx give voting rights or shareholder status?

No. WMTx provides price-tracking exposure only. Holders receive no voting rights, no shareholder status and no direct claims on Walmart Inc. The only economic right described in the certificate terms is redemption for cash value or the underlying share, and that right is restricted to Qualified Investors.

How do I redeem WMTx for actual Walmart stock?

Redemption exchanges WMTx for cash value or the underlying Walmart share, but only Qualified Investors can use it under the certificate terms. When redemption happens, tokens are burned and the custodied share is released. Regular token holders access exposure by trading instead — the WMTx/USDC pool on Raydium routes through Jupiter aggregates on Solana.

Where can I buy Walmart xStock (WMTx)?

The on-chain market DropsTab tracks is a Raydium concentrated-liquidity pool pairing WMTx with USDC on Solana; Jupiter aggregates route the SPL token. Kraken and Bybit offer WMTx to eligible non-US customers through their own xStocks product rails — those listings do not map onto the on-chain token's spot orderbooks. On-chain depth is thin and split across venues, so WMTx prices can diverge from the underlying WMT session.

Is tokenized Walmart stock available in the US?

No. The WMTx certificate is not registered under the U.S. Securities Act of 1933, and the certificate is not available to U.S. persons. UK clients are excluded too, subject to limited professional exceptions. The xStocks platform additionally geoblocks Canada and Australia. Eligible customers in other regions can access WMTx through Kraken, Bybit or on-chain venues.

Which blockchains is the WMTx token deployed on?

WMTx runs on four networks: Solana, Ethereum, BNB Smart Chain and Arbitrum One. The Solana deployment is an SPL token. The Ethereum, BNB Smart Chain and Arbitrum One deployments share a single ERC-20 contract address, verifiable on Etherscan, BscTrace and Arbiscan. Multi-chain deployment splits WMTx liquidity across separate venues.

What fees does WMTx charge?

The certificate currently carries a 0% management fee. The issuer may introduce a management fee of up to 0.25% per year. Issuance and redemption carry a fee of up to 0.50%. These terms come from Backed's product documentation, updated June 30, 2025.