Novo Nordisk xStock 

NVOX Price

What is the Novo Nordisk xStock token (NVOX)?

Novo Nordisk xStock (NVOX) is a tokenized tracker certificate that tracks the price of Novo Nordisk A/S ordinary shares (NYSE ADR: NVO). Issuer Backed Assets (JE) Limited issues NVOX as Solana SPL and ERC-20 tokens under the xStocks program, giving eligible crypto traders on-chain price exposure to the stock without a brokerage account. NVOX is fully collateralized and freely transferable on-chain — but it is a tracker certificate, not a share, so no shareholder rights come with it.

Is NVOX backed by real Novo Nordisk shares?

Yes. NVOX is a fully collateralized tracker certificate: token supply is created and retired only through primary issuance and redemption against the underlying Novo Nordisk shares. Backed Finance AG handles tokenization, with Alpaca Securities LLC, InCore Bank AG and Maerki Baumann & Co. AG named as brokers and custodians. The certificate carries ISIN CH1436219443.

How is NVOX different from owning NVO stock?

NVOX tracks the price of Novo Nordisk shares without conveying ownership of them. The certificate is unregistered under the US Securities Act of 1933 and carries no shareholder, voting or information rights in Novo Nordisk. Trading differs as well: Kraken supports NVOX purchases on a 24/5 schedule, while NVO trades only during exchange hours. Per issuer marketing, xStocks are purchasable fractionally from $1.

Does NVOX pay dividends or give voting rights?

No. NVOX replicates the share's price performance only. Holders receive no shareholder rights in Novo Nordisk A/S — no voting rights, no information rights and no dividend entitlement. Price exposure is the certificate's sole economic feature.

What fees does the NVOX tracker certificate charge?

NVOX currently carries no management fee. The issuer may introduce one of up to 0.25% per year. Issuance and redemption carry a fee of up to 0.50%. On-chain transfers of the token itself cost only network gas.

Where can I buy the NVOX token?

Eligible non-US retail clients can buy NVOX in the Kraken app, which supports purchases and withdrawals to self-custody wallets. On-chain, NVOx trades against USDC on Raydium on Solana. Availability is restricted: the certificate is not offered to US persons, is unavailable to UK clients at the issuer level, and Kraken excludes certain countries such as Singapore.

What are NVOX's trading hours and liquidity limitations?

NVOX trades 24/5 on Kraken, with weekend trading listed as in development. Per DropsTab data, the tracked on-chain market for NVOx is the Raydium NVOx/USDC pool on Solana. On-chain depth is thin, and NVOX prices can deviate from the underlying Novo Nordisk share price outside US market hours — a structural risk of a small-float tracker certificate.

Which blockchains is NVOX deployed on?

NVOX exists as an ERC-20 token with one shared contract address on Ethereum, Arbitrum One and BSC, and as a Solana SPL token. Holders can verify the ERC-20 deployments on Etherscan, Arbiscan and Bsctrace, and the Solana mint on Solscan. Issuer documentation additionally lists deployments on Gnosis, Polygon, Avalanche, Base, TON and Tron.

Why do NVOX and the NVOX ETF use the same ticker?

Two unrelated assets share the NVOX ticker. Defiance Daily Target 2X Long NVO is a leveraged ETF that trades on traditional stock markets. Novo Nordisk xStock (NVOX) is the tokenized tracker certificate issued on Solana and EVM chains. The leveraged ETF has no connection to Backed Finance or the xStocks program.