NVDAON 

NVDAON Price

What is NVDAON tokenized stock?

NVDAON is a tokenized-equity token issued by Ondo Global Markets (BVI) Limited that gives non-US crypto users on-chain exposure to NVIDIA Corporation (NVDA) common stock. Each NVDAON token tracks approximately one NVDA share on a total-return basis — price movement plus reinvested dividends. The product launched on 31 July 2025 under the U.S. Securities Act Regulation S exemption. NVDAON is a Real World Asset wrapper, not a protocol governance token, and does not confer legal ownership of the underlying shares.

How does NVDAON track NVIDIA stock?

NVDAON tracks NVIDIA stock through a 1:1 economic mapping maintained by Ondo Global Markets. The token's net asset value follows the NVDA share price. NVIDIA dividends are reinvested into the token net of applicable tax withholdings rather than paid as cash. This makes NVDAON a total-return instrument — holders capture both price appreciation and dividend yield, but receive economic exposure rather than direct share ownership.

What backs NVDAON's value?

NVDAON is backed by NVIDIA common stock purchased and held through Alpaca Securities LLC, which acts as broker, custodian, and transfer agent. BitGo serves as crypto custodian and BPM UK Audit Ltd as auditor. The structure is bankruptcy-remote and legally isolated from Ondo Finance. Daily attestation reports reconcile the tokenized position against the underlying brokerage holdings, providing third-party verification that each token corresponds to a held NVDA share.

How is NVDAON traded — exchanges, DEX, or direct mint?

NVDAON trades through three channels. Centralized exchanges Gate, MEXC, and BingX list NVDAON against USDT. Decentralized liquidity sits on Uniswap v3 in NVDAON/USDC and NVDAON/USDT pools, plus a thinner NVDAON/ZIK pair on Uniswap V2. The primary price-discovery rail is direct mint and redemption through Ondo, settled in USDC instantly with zero fees, available 24 hours a day, five days a week. Per DropsTab data, both centralized and decentralized venues are represented.

Is NVDAON the same as NVDAX or NVIDIA xStock?

NVDAON is a distinct instrument from NVDAX and NVIDIA xStock. NVDAON is issued by Ondo Global Markets on Ethereum with Alpaca Securities custody. NVIDIA xStock is issued by Backed Finance as a Solana SPL token with a separate custody chain and DEX liquidity on Raydium and Jupiter. The two wrappers track the same underlying NVDA share but use different issuers, custody rails, blockchains, and trading venues — they should not be conflated.

What is NVDAON's token supply?

NVDAON has no fixed maximum supply. Total supply is approximately 189,000 tokens as of August 2026, per DropsTab data. Supply expands and contracts on demand through mint and redemption against the underlying NVDA position. The token is issued natively across Ethereum, BNB Smart Chain, Solana, and HyperEVM — not bridged between chains. Because supply tracks real brokerage custody, NVDAON carries no emission schedule, no insider allocation, and no inflation risk.

Who can access NVDAON?

NVDAON is available exclusively to non-US investors. The product is offered under Regulation S of the U.S. Securities Act, which exempts offshore securities offerings to non-U.S. persons. Ondo Global Markets targets both retail and institutional users outside the United States. U.S. persons are not eligible to mint, hold, or redeem NVDAON. Mint and redemption settle in USDC, with USDT supported on selected trading venues.