Philip Morris stock (PM) has a tokenised version, PMx, a blockchain based asset that represents Philip Morris International shares. Each PMx token is backed 1:1 by real Philip Morris shares held in regulated custody. Philip Morris International is a tobacco company that sells cigarettes outside the United States and has been shifting towards smoke free products such as IQOS and ZYN nicotine pouches. It was spun off from Altria in 2008 and is headquartered in New York, with major operations in Lausanne, Switzerland. Holding PMx gives you indirect exposure to Philip Morris shares, but it is not the same as owning the underlying shares and does not come with shareholder rights.