what's NVIDIA tokenized stock (xStock)?
NVIDIA tokenized stock (xStock), ticker NVDAX, is a synthetic asset that mirrors the price performance of NVIDIA Corporation (NVDA) shares on a 1:1 basis. Issued on blockchain networks such as Solana (SPL) and Ethereum (ERC-20), it provides cryptocurrency users with exposure to traditional equities without requiring a brokerage account. Each token is fully backed by underlying NVDA shares custodied by regulated third-party institutions, ensuring collateralization and regulatory compliance. This tokenized stock facilitates 24/7 trading, fractional ownership starting from small amounts, and integration with DeFi protocols. Available on centralized exchanges like Kraken, LBank, BitMart, Gate, and Phemex, it bridges traditional finance and crypto by allowing settlements in stablecoins or cryptocurrencies, with features like leveraged perpetual contracts on some platforms.
NVIDIA xStock backs multiplifi's $340M+ rwaUSD stablecoin, distributed via Chainlink.
Serves as backing collateral for multiplifi's rwaUSD stablecoin alongside TSLAx, with the stablecoin having over $340M in value and using Chainlink for cross-chain distribution.
Reached $25M total market size on xStocks Market on Kamino on Solana, where used as collateral for borrowing in DeFi.
Trades on Kraken beyond regular market hours.
Kraken runs giveaway for 10 units of NVDAx, closing 2026-03-04.
Deployed a Prop AMM smart contract on Solana; listed on Bebop DEX as $NVDAX.
Listed perpetual futures on Kraken Pro (2026-02-25 expiry, 40+ collateral options) and Flash Trade on Solana, both offering up to 20x leverage.
Traded $9M cumulative volume on Wasabi Protocol, ranking as most-traded for the week ending April 10, 2026. One trader contributed $3M.
Wasabi platform traders account for 13.4% of all onchain xStock volume, with the platform expanding to offer 9 tokenized assets including NVDAx, TSLAx, AAPLx, METAx, GOOGLx, MSTRx, SPYx, QQQx, and GLDx with trading capabilities on Solana.
Backed brings NVDAx onchain to Mantle via xStocksFi, listed on Bybit for 24/7 trading, with $100 rewards and airdrop for $10 trade task.
NVDAx tokenized Nvidia shares integrate with FalconStable protocol through Backed Finance, enabling holders to earn DeFi yields ranging from 9.3% to 14% APY while maintaining stock exposure.