abrdn Physical Platinum Shares ETF (PPLTX) price

PPLTX tracks abrdn Physical Platinum Shares ETF, a fund holding platinum, palladium, or a basket of precious metals in a vault. Its price follows the fund's share price, adjusted for how much of a share each token represents.

Platinum and palladium are used mainly in vehicle catalytic converters, and their markets are small, so prices can move sharply on changes in supply or demand.

For too long, investing has come with barriers. Borders. Brokers. Limitations. It’s been complicated, costly, and — for millions — out of reach. xStocks were created to change that. xStocks are tokenized stocks. They’re backed 1:1 by the underlying assets, composable with DeFi protocols, compliant with EU regulations, accessible to non-US users, and provide a legal claim to the value of the stock. xStocks enable easy access to 120+ US Stocks and ETFs to regular users through top centralized and decentralized exchanges, and can be integrated with other DeFi protocols like any other token.

WebsiteXTelegram

PPLTX contract address

Xst6eFD4YT6sz9RLMysN9SyvaZWtraSdVJQGu5ZkAme

Ticker

PPLTX

Issuer

xStocks

Status

Verified

PPLTX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. PPLTX tracks the price of abrdn Physical Platinum Shares ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping PPLTX, and it does not issue, back, or custody the token.

The price of PPLTX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

The asset behind PPLTX doesn't pay distributions, so the value of PPLTX reflects price movement alone.

PPLTX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of PPLTX comes from on-chain trading alone and can drift from the fund's last close.

One PPLTX represents 1/10 of a share of the underlying fund, so its price is roughly the fund's share price divided by 10. Nothing is missing; the unit is smaller, which makes the token easier to buy in small amounts.

Other tokens tracking abrdn Physical Platinum Shares ETF