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View ChartPhilip Morris tokenised stock (xStock) (PMX) is a tracker certificate issued as Solana SPL tokens and ERC-20 tokens. PMX tracks the price of Philip Morris International Inc. (ticker: PM, NYSE: PM), the underlying asset. The product is designed to give eligible cryptocurrency market participants regulatory-compliant access to the stock price of Philip Morris. According to the project's positioning, xStocks are tokenised stocks backed 1:1 by the underlying assets, composable with DeFi protocols, compliant with EU regulations, and accessible to non-US users, providing indirect exposure to the share price; holding PMX does not constitute ownership of the underlying shares and conveys no shareholder rights. The token launched on 1 July 2025 and is issued on the Solana blockchain, with additional ERC-20 issuance. A wrapped variant exists that does not rebase, allowing it to be used within DeFi applications. Total supply: 463,926.23 PMX; circulating supply: 210,353.34 PMX (OneBullEx, as at 9 October 2026).
PMX is issued under the xStocks framework; the official product page is hosted at assets.backed.fi and the project communicates via the xStocksFi account on X. The xStocks project describes its mission as removing barriers to investing, stating that investing has been complicated, costly, and out of reach for millions, and that xStocks were created to change that by providing tokenised stocks backed 1:1 by underlying assets. The regulatory framework referenced for the product relates to EU regulations, with access restricted for US persons.
PMX operates as a tracker certificate issued as Solana SPL tokens and ERC-20 tokens. It tracks the price of Philip Morris International Inc. (the underlying stock). The token is backed 1:1 by the underlying assets, providing indirect exposure to the share price; holding PMX does not constitute ownership of the underlying shares and conveys no shareholder rights. Because it is issued on public blockchains, PMX can be transferred, traded, and integrated with DeFi protocols like any other token. A wrapped variant of the xStock is designed not to rebase, which allows it to be used within DeFi applications without the supply adjustments that rebasing tokens undergo. According to the project's positioning, the product is described as compliant with EU regulations and accessible to non-US users, enabling eligible cryptocurrency market participants to gain exposure to Philip Morris stock price movements through blockchain-based tokens rather than traditional brokerage channels. Regulatory treatment may vary by jurisdiction; eligibility restrictions apply. Trading occurs on centralised crypto exchanges, with PMX/USDT and PMX/USD trading pairs referenced.
Custody: Each PMX token is backed 1:1 by real Philip Morris International Inc. shares held by a regulated third-party custodian under a custody agreement; all xStocks are fully collateralised by traditional shares held in reserve.
PMX's primary distinction is that it brings a traditional equity — Philip Morris International Inc. — into the crypto ecosystem as a tokenised asset. The xStocks framework enables access to 57 US stocks and ETFs through top centralised and decentralised exchanges, and PMX is one of those offerings. The product provides indirect exposure to the share price, is backed 1:1, and is described as compliant with EU regulations. For non-US users who may face barriers to accessing US equities through conventional brokers, PMX offers a blockchain-native route to stock price exposure. The wrapped variant's non-rebasing design adds DeFi composability, meaning it can be integrated into decentralised finance protocols as collateral or in other applications. The combination of regulatory compliance, 1:1 backing, and DeFi compatibility positions PMX as a bridge between traditional equity markets and decentralised finance.
PMX is used primarily to gain price exposure to Philip Morris International Inc. stock within cryptocurrency markets. Holders can trade PMX on centralised crypto exchanges using pairs such as PMX/USDT and PMX/USD. The token can be integrated with DeFi protocols like any other token, and the wrapped variant is specifically designed for use within DeFi applications due to its non-rebasing structure. xStocks generally enable easy access to 57 US stocks and ETFs for regular users through top centralised and decentralised exchanges. PMX provides indirect exposure to the share price; holding PMX does not constitute ownership of the underlying shares and conveys no shareholder rights, making it a vehicle for eligible non-US participants to hold tokenised equity exposure. It can also be used in composable DeFi strategies, though specific protocol integrations are not detailed in the available references.
xStocks allow 24/5 trading in eligible regions; PMX can be bought with crypto, stablecoins or USD, fractional purchases start from as little as $1, and tokens can be withdrawn to any compatible on-chain wallet.
The PMX ecosystem is in an early stage, with the token trading on 4 active markets (Yahoo Finance, as at 9 October 2026). Trading venues referenced in the sources include Kraken xStocks, OneBullEx, x.me and TradingView (PMXUSDT chart). The broader xStocks ecosystem encompasses 57 US stocks and ETFs, with related Real World Assets listed on CoinMarketCap including Gold, Nvidia Corp, Alphabet Inc Class A, Microsoft Corp, Silver, Amazon.com Inc, Taiwan Semiconductor Manufacturing Co Ltd, SpaceX, Meta Platforms Inc., Broadcom Inc, Tesla Inc., SK Hynix, Micron Technology Inc., Berkshire Hathaway Inc Class B, Eli Lilly And Co, JPmorgan Chase & Co, and Advanced Micro Devices Inc. A wrapped variant (WPMX) exists with its own CoinMarketCap page, tagged as Tokenised Assets, Tokenised Stock, and DeFi. The project maintains an active Twitter presence at xStocksFi and a product page on Backed's website. Technical indicators published by OneBullEx showed a one-day Buy signal and a one-week Neutral signal as at 9 October 2026.
PMX is not a mineable cryptocurrency. It is a tokenised tracker certificate issued as Solana SPL tokens and ERC-20 tokens, backed 1:1 by the underlying Philip Morris International Inc. stock. PMX is not mineable: it is a tracker certificate issued as Solana SPL and ERC-20 tokens, backed 1:1 by shares held by a third-party custodian, so there is no proof-of-work consensus or block reward. Holders acquire PMX by purchasing it on supported centralised crypto exchanges rather than by mining. The wrapped variant (WPMX) is designed not to rebase, but this relates to supply mechanics for DeFi use, not to staking or mining rewards. No staking mechanism or yield-generating protocol for PMX is described in the available references.
Because PMX is issued as Solana SPL tokens and ERC-20 tokens, holders should use wallets compatible with those standards. For Solana-based PMX, a Solana-compatible wallet is required; for ERC-20 PMX, an Ethereum-compatible wallet is needed. The wrapped variant (WPMX) contract 0xC10a...A0d48B is listed on arbiscan.io. Best practices include verifying contract addresses before interacting with any token, storing large holdings in hardware wallets, keeping seed phrases offline and private, and being cautious of phishing links and fake tokens. Always confirm the correct network and contract address before transferring or trading; sending tokens on the wrong network can result in permanent loss. Since PMX is a tokenised stock product subject to regulatory restrictions — including prohibitions for US citizens, US residents, and US-taxable persons — eligible holders should also ensure they comply with applicable regulations in their jurisdiction. Using reputable exchanges and avoiding unknown DeFi protocols without due diligence further reduces risk.
xStocks are not available in the USA; Backed's products are prohibited for US citizens, US residents and anyone taxable in the United States, and only retail Kraken clients in certain countries are eligible to purchase PMx.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for PMX are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Philip Morris tokenized stock (xStock) (PMX) is A$279.14. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PMX to USD rate at the top of BTCC’s price page. In terms of market scope, Philip Morris tokenized stock (xStock) records a 24h trading volume of A$14.47K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of A$164.45K. Its current circulating supply stands at 594.59 out of a maximum supply cap of ∞.
The price volatility of Philip Morris tokenized stock (xStock) (PMX) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Reserve Bank of Australia (RBA) or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (594.59) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Philip Morris tokenized stock (xStock) (PMX) hit an all-time high (ATH) of A$403.46 on 2026-08-09 14:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at A$202.85 on 2025-11-03 14:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading PMX futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (A$14.47K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PMXUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Philip Morris tokenized stock (xStock), simply log into your BTCC account with USDT margin available, navigate to the PMXUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for PMXUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: A$279.14), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for PMXUSDT with zero financial risk.
Trading Philip Morris tokenized stock (xStock) (PMX) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for PMXUSDT, and review its live price (A$279.14) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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