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.
NVDAx deployed a Prop AMM smart contract on Solana with open-source code and a GUI.
Deployed a Prop AMM smart contract for NVDAx market on Solana with an open-source codebase and GUI interface
NVDAx now trades on Kraken Pro as part of the platform's top 10 xStocks offering with 24/7 trading availability.
NVDAx ranks as the #2 most traded token on Wasabi platform this week, excluding major cryptocurrencies.
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.
NVDAx integrates with Mantle blockchain through partnership with Bybit and Backed Finance, enabling millions of users to access 24/7 tokenized equity trading via xStocksFi platform.
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.