Last updated：--
View ChartPhilip Morris tokenized 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 tokenized stocks backed 1:1 by the underlying assets, composable with DeFi protocols, compliant with EU regulations, and accessible to non-US users. The token launched on July 1, 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. Supply figures vary across data providers and change over time. The project is in an early-stage phase, trading on a limited number of active markets.
Detailed public information about the individual creators, founders, or team members behind Philip Morris tokenized stock (xStock) (PMX) is currently limited. The product is associated with the xStocks initiative, which is referenced through the xStocksFi Twitter account and the Backed product page at assets.backed.fi. 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 tokenized stocks backed 1:1 by underlying assets. The regulatory framework referenced for the product relates to EU regulations, with access restricted for US persons. The product is issued under the xStocks framework by Backed, whose product page is at assets.backed.fi, and each token is backed 1:1 by shares held by a regulated third-party custodian.
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). 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. 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. The product is 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. Trading occurs on centralized crypto exchanges, with PMX/USDT and PMX/USD trading pairs referenced.
PMX's primary distinction is that it brings a traditional equity — Philip Morris International Inc. — into the crypto ecosystem as a tokenized asset. The xStocks framework enables access to 57 US stocks and ETFs through top centralized and decentralized exchanges, and PMX is one of those offerings. The product 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 decentralized 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 decentralized finance.
PMX is used primarily to gain price exposure to Philip Morris International Inc. stock within cryptocurrency markets. Holders can trade PMX on centralized 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 centralized and decentralized exchanges. Holding PMx provides indirect exposure to Philip Morris International Inc. shares but does not constitute ownership of the underlying stock and conveys no shareholder rights. xStocks allow 24/5 trading in eligible regions, can be purchased with crypto, stablecoins or USD, support fractional purchases starting as low as $1, and can be withdrawn to any compatible on-chain wallet. It can also be used in composable DeFi strategies, though specific protocol integrations are not detailed in the available references.
The PMX ecosystem is in an early stage. Currently trading on 4 active market(s), with the PMXUSDT pair listed on TradingView and the token available via Kraken xStocks and OneBullEx. The broader xStocks ecosystem encompasses 57 US stocks and ETFs. A wrapped variant (WPMX) exists with its own CoinMarketCap page, tagged as Tokenized Assets, Tokenized Stock, and DeFi. The project maintains an active Twitter presence at xStocksFi and a product page on Backed's website. Technical analysis pages for PMX are available on Investing.com and OneBullEx.
PMX is not a mineable cryptocurrency. It is a tokenized tracker certificate issued as Solana SPL tokens and ERC-20 tokens, backed 1:1 by the underlying Philip Morris International Inc. stock. There is no mining mechanism, proof-of-work consensus, or block reward associated with PMX. Yahoo Finance lists Network H/S, White paper, Block RR., Block no., and Block reward fields as empty for this asset. Holders acquire PMX by purchasing it on supported centralized 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 is 0xC10a...A0d48B, with its explorer listed as 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. The CoinMarketCap wrapped variant page includes a warning that chain trades may result in asset loss, underscoring the importance of confirming the correct network and contract when transferring or trading. Since PMX is a tokenized 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. The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold to U.S. Persons; only retail Kraken clients in certain countries are eligible to purchase xStocks like PMx. Using reputable exchanges and avoiding unknown DeFi protocols without due diligence further reduces risk. Note that PMx provides indirect price exposure only, conveys no shareholder rights, is not available to US persons, and its value can fall as well as rise with the underlying stock.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Philip Morris tokenized stock (xStock) products that suit your trading style
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 C$274.18. 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 C$14.24K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$161.87K. 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 Bank of Canada 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 C$397.12 on 2026-08-09 14:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$199.66 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 (C$14.24K), 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: C$274.18), 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 (C$274.18) 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.
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche
