JPMorgan Chase tokenized stock (xStock) PriceJPMX

What is JPMorgan Chase tokenized stock (xStock) (JPMX)?

JPMorgan Chase tokenized stock (xStock) (JPMX) is a blockchain-based tokenized equity product that provides indirect exposure to the share price of JPMorgan Chase & Co. (NYSE: JPM), the world's largest commercial bank. Each JPMX token is backed 1:1 by real JPMorgan Chase & Co. shares held in reserve by a regulated third-party custodian. The product is issued by Backed Assets under the xStocks platform and is designed to give eligible cryptocurrency market participants regulatory-compliant access to JPMorgan Chase stock price movements. JPMX was incepted on June 20, 2025, and is deployed natively across multiple blockchain networks including Solana, HyperEVM, Ink, Arbitrum, Ethereum, Optimism, BNB Chain, and Mantle. The token supply across all networks totals approximately 216,141.45 JPMX, with a circulating supply reported at 69.99 tokens. Trading xStocks like JPMX provides indirect exposure to publicly-traded company shares but does not constitute ownership of the underlying JPMorgan Chase & Co. stock.

Key Specifications & Tokenomics

• Name: JPMorgan Chase tokenized stock (xStock)
• Ticker / Symbol: JPMX
• Alternative ticker on CoinMarketCap exchange: JPMX.CRYPTO
• CoinMarketCap ID: 37031
• Product type: Tokenized stock (xStock)
• Underlying security: JPMorgan Chase & Co. (NYSE: JPM)
• Issuer platform: xStocks
• Issuer: Backed Assets
• Issuer LEI: 984500001AB7C6C7F577
• Domicile: Jersey, Channel Islands
• Regulatory Framework: Liechtenstein Blockchain Act; FMA - Liechtenstein Financial Market Authority
• Inception Date: 06/20/2025
• ISIN: CH1436219302
• Asset Class: Stocks
• Tokenization Type: Distributed Tokenization Sponsorship Third-Party
• Use Of Income: Accumulates
• Token Supply: 216,141.45
• Circulating Supply: 69.99
• Total Supply (per Bitget): 278,196.22 JPMX
• Max Supply: 0 JPMX (per Bitget)
• Management Fees: 0%
• Performance Fees: 0%
• Subscription Fees: 0.50%
• Redemption Fees: 0.50%
• Custodian Legal Identifier: Alpaca Securities LLC, 0001702580
• Traditional Broker: Alpaca Securities
• Auditor: Grant Thornton (Cayman)
• Paying Agent: Maerki Baumann & Co. AG
• BEP-20 Contract Address (BNB Chain): 0xd9fc3e075d45254a1d834fea18af8041207dea0a

Who created JPMorgan Chase tokenized stock (xStock) (JPMX)?

JPMX is issued by Backed Assets, a tokenization platform operating under the xStocks brand. Backed Assets is domiciled in Jersey, Channel Islands, and operates under the Liechtenstein Blockchain Act, supervised by the FMA - Liechtenstein Financial Market Authority. The underlying shares are held by a regulated third-party custodian, Alpaca Securities LLC, with Grant Thornton (Cayman) serving as auditor and Maerki Baumann & Co. AG acting as paying agent. The custody agreement governing the underlying stock reserves is a third-party arrangement to which Kraken is not a party. Detailed public information about the specific founding team or individual creators behind Backed Assets is currently limited. The product was built to bridge traditional equity markets with blockchain-based asset distribution, leveraging the xStocks infrastructure to deliver tokenized equity exposure to eligible non-U.S. professional investors.

How does JPMorgan Chase tokenized stock (xStock) (JPMX) work?

JPMX operates as a tokenized representation of JPMorgan Chase & Co. shares. When eligible investors purchase JPMX tokens, corresponding JPMorgan Chase shares are held in reserve by a regulated third-party custodian, creating a 1:1 backing relationship. The tokens are deployed natively across multiple blockchain networks, including Solana with token-2022 standard and various EVM-compatible chains using the ERC-20 standard. Each network maintains its own token supply, with Solana holding 48,977.32 tokens, HyperEVM and Ink each holding 32,691.49 tokens, Arbitrum holding 31,017.00 tokens, Ethereum holding 31,000.00 tokens, Optimism holding 19,764.15 tokens, and BNB Chain and Mantle each holding 10,000.00 tokens. The product tracks the price of JPMorgan Chase & Co. stock, allowing holders to gain indirect exposure to the bank's share price movements. Trading occurs 24/5 in eligible geographies worldwide, and the tokens can be purchased using crypto, stablecoins, or USD. JPMX holders do not possess ownership rights over the underlying stock and are not entitled to receive information from JPMorgan Chase & Co.

What makes JPMorgan Chase tokenized stock (xStock) (JPMX) unique and valuable?

JPMX offers several distinctive features that differentiate it from traditional equity ownership and other tokenized products. The product provides 24/5 trading availability in eligible geographies, allowing investors to react to market developments beyond traditional stock exchange hours. Fractional trading is supported, with investments starting as low as $1 per xStock, making exposure to JPMorgan Chase shares accessible to a broader range of investors. The token is deployed across eight blockchain networks, providing flexibility in terms of network choice and potentially reducing transaction costs. The product operates under a clear regulatory framework, with oversight from the Liechtenstein Financial Market Authority and compliance with the Liechtenstein Blockchain Act. The zero management and performance fees further enhance the value proposition for cost-conscious investors. Additionally, the ability to withdraw JPMX to a self-hosted wallet gives holders direct control over their tokens, a feature not available with traditional brokerage-held equities.

What is JPMorgan Chase tokenized stock (xStock) (JPMX) used for?

JPMX serves primarily as a vehicle for gaining indirect exposure to the share price of JPMorgan Chase & Co. without the need for a traditional brokerage account that provides access to U.S. equities. Eligible investors can use JPMX to express directional views on the banking sector or JPMorgan Chase specifically, potentially as part of a broader portfolio strategy. The token can be purchased using cryptocurrency, stablecoins, or USD, making it accessible to participants in the digital asset ecosystem who may prefer to keep their holdings within blockchain-based infrastructure. JPMX can be withdrawn to self-hosted wallets, enabling participation in decentralized finance applications where supported. The product also serves as a tool for portfolio diversification, allowing crypto-native investors to gain exposure to traditional financial assets within their existing blockchain workflows. Trading occurs 24/5, providing flexibility for investors across different time zones.

How Is the JPMorgan Chase tokenized stock (xStock) (JPMX) ecosystem developing?

The JPMX ecosystem is part of the broader xStocks platform, which focuses on tokenizing traditional equity products for blockchain-based distribution. Since its inception on June 20, 2025, JPMX has been deployed across eight blockchain networks, demonstrating a multi-chain strategy that enhances accessibility and interoperability. The holder base has grown significantly, reaching 786 holders with a 449.65% increase over a 30-day period. Monthly transfer volume reached $1,016,581, representing a 3,283.42% increase from 30 days prior, indicating growing adoption and trading activity. The trailing 30-day active addresses stand at 625, with a monthly transfer count of 2,905. The product is part of a broader trend of tokenized real-world assets gaining traction in the cryptocurrency market. JPMorgan Chase itself has been active in blockchain development through its Kinexys platform, which has processed over $3 trillion in transaction volume since inception and averages over $7 billion in daily transaction volume. The bank launched its first tokenized money market fund, My OnChain Net Yield Fund (MONY), on the Ethereum blockchain, seeded with $100 million.

How to mine JPMorgan Chase tokenized stock (xStock) (JPMX)?

JPMX cannot be mined in the traditional sense because it is not a proof-of-work or proof-of-stake cryptocurrency. Instead, JPMX tokens are issued and backed by real JPMorgan Chase & Co. shares held in reserve by a regulated third-party custodian. The token supply is created through a subscription process rather than through computational mining or staking rewards. Eligible investors can acquire JPMX by purchasing tokens through supported platforms using crypto, stablecoins, or USD. The subscription process operates daily with a minimum investment of 5,000 USD, and a subscription fee of 0.50% of market price with a minimum of USD 100 applies. Redemption is also available daily with a redemption fee of 0.50% of market price and a minimum of USD 100. There is no staking mechanism for JPMX, as the token represents a direct 1:1 claim on underlying equity shares rather than a network participation asset. The absence of mining and staking reflects the product's nature as a tokenized traditional financial instrument rather than a native blockchain protocol token.

How to keep your JPMorgan Chase tokenized stock (xStock) (JPMX) Coin safe?

Securing JPMX tokens requires attention to both the underlying blockchain networks and the custody arrangements. JPMX can be withdrawn to a self-hosted wallet, giving holders direct control over their tokens. When using self-custody, investors should employ hardware wallets where supported, particularly for tokens on Ethereum, Arbitrum, Optimism, BNB Chain, and Mantle networks. For Solana-based JPMX, compatible Solana wallets should be used. Private keys and seed phrases should be stored securely offline and never shared with anyone. Investors should verify contract addresses before interacting with any token, particularly on EVM-compatible chains where the BEP-20 contract address is 0xd9fc3e075d45254a1d834fea18af8041207dea0a. When purchasing through supported platforms, investors benefit from the platform's security infrastructure, but should still enable two-factor authentication and use strong, unique passwords. Given that JPMX is backed by shares held with a third-party custodian, it is important to understand that self-custody of the token does not change the underlying custody arrangement for the backing shares. Investors should also be aware of the geographic restrictions, as xStocks are not available in the USA and only retail clients in certain countries are eligible to purchase them.