Millisecond pulsar PSR J0218+4232 shows remarkable high-energy properties: very hard pulsed X-ray emission up to ~10 keV and a likely detection of high-energy gamma-rays (> 100 MeV) with a soft spectrum. The relative phasing of the X-ray and gamma-ray profiles, however, was unknown. A recently performed Chandra (0.08-10 keV) observation of PSR J0218+4232 settled the phasing down to 0.2 millisecond, and shows that the X-ray pulses are aligned with the gamma-ray pulses providing supporting evidence for our first detection of high-energy gamma-rays from this source. The preliminary results from a recent RXTE (2-250 keV) observation (27-12-2001 -- 7-01-2002) show significant pulsed emission, in a complex profile, up to ~20 keV. The composite high-energy spectrum of this millisecond pulsar is similar to the canonical spectrum of Unidentified Gamma-ray Sources (UGS), making fast (<3-4 ms) millisecond pulsars with low characteristic ages (<10^8 years) good candidates for an UGS association and challenging targets for INTEGRAL observations.