# Palantir tokenized stock (xStock) (PLTRX): D-Score 52/100 — Moderately Decentralized

**BlockIndex D-Score: 52/100 (Moderately Decentralized).** Palantir tokenized stock (xStock) (PLTRX) is a Layer 2 cryptocurrency using Other consensus. Palantir tokenized stock: Solana-based xStock offering collateralized on-chain exposure to Palantir equity for eligible users.

_Source: https://blockindex.ai/coin/pltrx · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 52 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 20 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other (2025)
- Founder: N/A
- VC funded: No
- Max supply: N/A
- Circulating: 545,973

## Market data (as of 2026-06-19)
- Price: $129.2
- Market cap: $70.54M
- 24h volume: $36,127.16
- 24h change: -0.84% · 7d change: -2.15%

## About
Palantir tokenized stock (xStock), traded as PLTRX or PLTRx, is a tokenized equity product in the xStocks family issued by Backed. It is designed to provide on-chain exposure to Palantir Technologies stock through a tokenized security structure rather than through a native cryptocurrency network. The product is described in xStocks and Backed documentation as part of a broader tokenized equities and ETF framework, where each xStock is structured as a freely transferable on-chain security. Legal materials identify each xStock as a bearer debt instrument issued by Backed Assets (JE) Limited and fully collateralized by the corresponding publicly traded equity or ETF held in segregated accounts.

PLTRX is not a standalone blockchain and does not operate its own consensus mechanism, validator set, mining network, or block history. Public asset data identifies Solana as the primary network for the PLTRX token, with Token-2022 cited as the token standard, while other data sources also list representations or addresses across Ethereum, BNB Smart Chain, and Arbitrum. The Solana token address is reported as XsoBhf2ufR8fTyNSjqfU71DYGaE6Z3SUGAidpzriAA4, while EVM-compatible listings use the 0x6d482CeC5f9dd1f05CCee9Fd3ff79B246170F8e2 address. Because PLTRX inherits the execution and security environment of its parent chains, native blockchain metrics such as block production, node count, TPS, and chain size are not attributable to PLTRX itself.

The primary use case for PLTRX is tokenized access to Palantir stock exposure for eligible non-U.S. users through the xStocks ecosystem. The product sits within the real-world asset and tokenized stock category, allowing market participants to hold and transfer equity-linked exposure on-chain. Public ecosystem data lists PLTRX market access through centralized venues such as Kraken, Coinbase, Binance, Raydium (CLMM), and Manifest, as well as decentralized Solana venues including Raydium, Orca, and Jupiter. Analytics and visibility are available through CoinMarketCap, CoinGecko, Coinbase, Solscan, Etherscan, BscScan, Arbiscan, Binplorer, and Arkham.

PLTRX does not have conventional cryptocurrency tokenomics such as mining rewards, staking rewards, a hard-coded emission schedule, or a fair-launch block reward distribution. Its monetary design is tied to issuance and redemption around collateralized tokenized stock exposure. Available supply figures conflict across CoinMarketCap, Coinbase, CoinGecko, and RWA-oriented sources, so the most conservative treatment is to avoid merging them into a single canonical supply without a timestamped authoritative source. No premine, public initial percentage, ICO, or protocol incentive allocation was documented for PLTRX in the supplied materials.

Governance appears to be issuer-managed rather than DAO-based. The issuer and product infrastructure are associated with Backed Assets (JE) Limited, Backed, and the xStocks ecosystem, with no PLTRX-specific on-chain governance token, voting system, treasury, or community DAO documented. Regulatory restrictions are central to the product: Backed/xStocks materials state that the securities are not registered under the U.S. Securities Act of 1933 or U.S. state securities laws and are not available to U.S. persons. Future development is best understood at the xStocks ecosystem level, including broader tokenized equity distribution, exchange integrations, DeFi access, and multi-chain availability, rather than as a PLTRX-specific blockchain roadmap.

## Links
- Website: https://xstocks.fi/
- Whitepaper: https://docs.xstocks.com/
- GitHub: N/A

---
About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore