Thermo Fisher tokenized stock (xStock) PriceTMOX

What is Thermo Fisher tokenized stock (xStock) (TMOX)?

Thermo Fisher tokenized stock (xStock) (TMOX) is a blockchain-based tokenized equity product that provides indirect exposure to the share price of Thermo Fisher Scientific Inc., a company listed on the New York Stock Exchange under the ticker TMO. Each TMOX token is backed 1-1 by real Thermo Fisher Scientific, Inc. shares held by a regulated third-party custodian, meaning the token is fully collateralized by traditional equity held in reserve. The product is issued under the xStocks framework, with Ondo Assets referenced as an issuer in tokenized stock data and Backed identified as the product issuer. TMOX is issued as a Solana SPL token and is also referenced as an ERC-20 token on Arbitrum, giving it multi-chain accessibility. TMOX is designed to give eligible non-US cryptocurrency market participants access to Thermo Fisher's stock price movements; the xStocks framework is described as compliant with EU regulations. TMOX does not convey shareholder rights and is not the same as holding actual Thermo Fisher shares. Supply data varies across tracking platforms, with circulating supply reported around 359.77 TMOX coins on CoinMarketCap, while Cointracker lists a current supply of 182,114.67 and a circulating supply of 488.93. Max supply is not available. The project is in an active but early stage, trading on a limited number of markets with modest tokenized market capitalization relative to the underlying company's multi-billion-dollar valuation.

Key Specifications & Tokenomics

• Name: Thermo Fisher tokenized stock (xStock)
• Ticker / Symbol: TMOX
• Alternative ticker references: TMOx (Kraken xStocks), TMOX Coin
• Asset type: Tokenized stock / xStock
• Underlying asset: Thermo Fisher Scientific Inc. common stock (NYSE: TMO)
• Blockchain / platform: Solana (SPL token); also issued as an ERC-20 token on Arbitrum
• Arbitrum contract address (ERC-20): 0xAF072F109A2C173D822A4fE9af311A1B18F83d19
• Solana explorer: solscan.io
• Issuer: Backed (assets.backed.fi); Ondo Assets is referenced as the issuer in some tokenized stock data listings.
• Product issuer: Backed (assets.backed.fi)
• Wrapped variant: WTMOX (CoinMarketCap UCID 37226), a wrapped xStock that does not rebase and is used within DeFi applications; it is distinct from TMOX.
• CoinMarketCap ID: 37043
• CMC ranking: #2635
• Category: Tokenized stock / Real World Asset (RWA)
• Backing: 1-1 backed by real Thermo Fisher Scientific, Inc. shares held by a third-party custodian
• Circulating supply: 359.76898475 TMOX coins (per CoinMarketCap)
• Current supply: 182,114.67003143 (per Cointracker)
• Max supply: Not available
• Fractional trading: Yes, investments starting as low as $1 per xStock
• Trading hours: 24/5 trading in eligible geos worldwide

Who created Thermo Fisher tokenized stock (xStock)?

TMOX is issued by Backed through its platform at assets.backed.fi, with the underlying shares held by a regulated third-party custodian. Ondo Assets is referenced as the issuer in CoinMarketCap tokenized stock data. The underlying company, Thermo Fisher Scientific Inc., was founded in 1956 and is headquartered in Waltham, Massachusetts. The product is distributed through eligible retail platforms, including Kraken xStocks, where it is available to clients in certain countries outside the United States. The underlying company operates in the healthcare sector, specifically in diagnostics and research, and has approximately 125,000 full-time employees.

How does Thermo Fisher tokenized stock (xStock) work?

TMOX functions as a blockchain-based representation of Thermo Fisher Scientific Inc. shares. When a token is issued, real TMO shares are purchased and held by a regulated third-party custodian in accordance with a custody agreement. The token is then minted on-chain on a 1-1 basis against the shares held in reserve, ensuring full collateralization. TMOX operates on Solana, which provides fast and low-cost transactions, and is also available as an ERC-20 token on Arbitrum. Trading occurs 24/5 in eligible geographies worldwide, allowing investors to buy and sell tokens using crypto, stablecoins, or USD. The token price tracks the underlying NYSE-listed TMO stock price, and holders gain indirect exposure to price movements without owning the actual shares. Fractional trading enables purchases starting as low as $1, making the product accessible to a broader range of investors. Importantly, holding TMOX does not convey shareholder rights such as voting or dividends. Holders do not hold the underlying shares directly; redemption and minting are handled at the product level, where tokens are burned when redeemed for the underlying shares.

What makes Thermo Fisher tokenized stock (xStock) unique and valuable?

TMOX offers several advantages over traditional equity ownership. TMOX is described as offering 24/5 trading in eligible geographies worldwide, subject to platform availability. The token is fully collateralized by real Thermo Fisher shares held by a regulated third-party custodian, providing a transparent backing structure. Fractional ownership lowers the barrier to entry, with investments starting as low as $1, making a high-priced stock accessible to a wider audience. Blockchain-based settlement enables faster transactions and greater transparency compared to traditional brokerage systems. The product also offers global accessibility, allowing eligible investors outside the United States to gain exposure to a major US healthcare company using cryptocurrency, stablecoins, or USD. For crypto-native investors, TMOX provides a way to diversify into traditional equities without leaving the blockchain ecosystem. Thermo Fisher Scientific operates through four segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services.

What is Thermo Fisher tokenized stock (xStock) used for?

TMOX is primarily used to gain indirect exposure to the price movements of Thermo Fisher Scientific Inc. stock without holding the actual shares. Investors can trade TMOX on supported centralized exchanges and platforms, using it as a tool for portfolio diversification into the healthcare and life sciences sector. The token can be purchased with crypto, stablecoins, or USD, making it accessible to both crypto-native and traditional investors. It supports fractional trading, allowing users to buy portions of a token rather than whole units. TMOX can be held as a long-term position or traded actively based on price movements. It also serves as a bridge between traditional finance and decentralized finance, enabling eligible participants to access US equity exposure through blockchain infrastructure. Backed's products are prohibited for US citizens, US residents, and anyone otherwise taxable in the United States; the securities have not been and will not be registered under the U.S. Securities Act of 1933, and may only be offered to Non-United States Persons. The token does not provide shareholder rights such as dividends or voting.

How Is the Thermo Fisher tokenized stock (xStock) ecosystem developing?

The TMOX ecosystem is in an early stage of development, with trading activity concentrated on a limited number of markets. Liquidity is concentrated on a small number of venues, and the token is not tradable on all platforms (for example, Coinbase lists it as not tradable). The product is distributed through Kraken xStocks, where it is available to eligible retail clients in certain countries, and through Backed's platform. The token operates on Solana and Arbitrum, providing multi-chain accessibility. Tokenized market capitalization is small relative to the underlying company's valuation and varies across tracking platforms. The underlying company, Thermo Fisher Scientific, continues to expand its business. According to Yahoo Finance, Q2 FY26 revenue was $11.99 billion with earnings of $1.74 billion and a profit margin of 14.47%. As the tokenized equity sector grows, TMOX is positioned within the broader Real World Asset (RWA) category, alongside tokenized versions of other major stocks and commodities.

How to mine Thermo Fisher tokenized stock (xStock)?

TMOX is not mined. It is a tokenized equity product issued by Backed: when real Thermo Fisher shares are purchased and held by a regulated third-party custodian, an equivalent amount of TMOX is minted on-chain on a 1:1 basis; when tokens are redeemed, the corresponding tokens are burned. There is no proof-of-work mining, staking, or consensus participation, and holders earn no staking or mining rewards. The value of TMOX is derived entirely from the market price of the underlying TMO stock on the New York Stock Exchange. To acquire TMOX, investors must purchase it on supported platforms using crypto, stablecoins, or USD. The token is designed for exposure and trading, not for network participation or yield generation.

How to keep your Thermo Fisher tokenized stock (xStock) safe?

Keeping TMOX safe requires standard cryptocurrency security practices. Since TMOX operates on Solana and Arbitrum, holders should use reputable wallets that support these networks, such as hardware wallets for long-term storage. Never share private keys or seed phrases with anyone. Enable two-factor authentication on exchange accounts and use strong, unique passwords. Be cautious of phishing attempts and fake websites that imitate official platforms. Verify contract addresses before interacting with any token, and only use official platforms for trading. Because TMOX is a tokenized equity product, it is also subject to geographic restrictions and regulatory limitations, so ensure you are eligible to hold and trade it in your jurisdiction. Keep records of transactions for tax purposes, as tokenized stock holdings may have different tax treatment than direct equity ownership. Finally, consider diversifying storage across multiple secure wallets to reduce the risk of a single point of failure.