NVIDIA xStock 

NVDAX Price

What is the NVIDIA xStock (NVDAX) tokenized stock?

NVIDIA xStock (NVDAX) is a tokenized tracker certificate that gives crypto traders 24/7 on-chain price exposure to NVIDIA Corporation (NASDAQ: NVDA) without a brokerage account. Each token is backed 1:1 by one underlying NVDA share. Backed Assets (JE) Limited issues the certificate under the xStocks framework, with primary issuance on Solana and an ERC-20 deployment on Arbitrum One. NVDAX is not a native NVIDIA cryptocurrency — DropsTab classifies it as a Tokenized Stock.

How does NVIDIA xStock (NVDAX) track the NVDA share price?

NVDAX tracks NVIDIA's share price through full 1:1 share backing. Each certificate is matched by one NVIDIA share held through a regulated custody chain — Alpaca Securities LLC, InCore Bank AG and Maerki Baumann & Co. AG, with Security Agent Services AG as security agent — structured to be bankruptcy-remote. The certificate carries ISIN CH1436219195 under Final Terms No. 19 dated 2025-11-17 of the Swiss-law base prospectus. Share backing keeps the token price anchored to the underlying equity.

What is the point of buying NVDAX versus NVDA shares through a broker?

NVDAX moves NVIDIA exposure onto blockchain rails around the clock. Brokerage shares settle only during market hours; NVDAX transfers wallet-to-wallet on Solana or Arbitrum One and trades on decentralized exchanges outside US market sessions. The product targets crypto-native traders and non-US investors without brokerage access. The certificate is not offered to US persons and is generally unavailable to UK clients.

Is NVDAX a cryptocurrency or a stock?

NVDAX is neither a native cryptocurrency nor a share — the token is a Swiss-law tracker certificate with a MiFID II financial-instrument profile, referencing the NVDA price. NVIDIA Corporation has issued no token of its own, so queries about an "NVIDIA crypto coin" resolve to third-party wrappers like this one. The token exists as an on-chain contract, but the underlying asset is an equity security held in custody.

Who issues NVIDIA xStock (NVDAX) and what does the xStocks framework include?

Backed Assets (JE) Limited, a Jersey entity in the Backed Finance group, issues NVDAX. Backed Finance AG acts as tokenizer. The certificate belongs to the xStocks product line, which includes trackers such as TSLAx, SPCX and CRCLx and spans chains including Ethereum, Arbitrum, BNB Chain, Solana and TON. NVDAX itself raised no funds and carries no investor allocation — the certificate is an issued financial instrument, not a fundraising token.

Why does NVDAX supply change over time?

NVDAX has no fixed maximum supply and no unlock schedule. Authorized participants mint new certificates when demand rises and redeem tokens back to the issuer when demand falls, so supply is an elastic inventory rather than a fixed figure: total minted supply stands at roughly 1 million certificates, while circulating supply — the portion live on-chain — is smaller and drifts with mint/redeem activity. The live figures are shown on DropsTab. No team or investor allocations exist, and mint/redeem against 1:1 share backing removes scheduled-unlock inflation risk.

Where can I buy NVIDIA xStock (NVDAX)?

NVDAX trades in two layers. Centralized exchanges — Bybit, Gate, MEXC, BingX, CEX.IO and others — quote NVDAX against USDT, USDC and USD. On-chain liquidity sits on Solana, where Raydium and Meteora pools quote NVDAx against USDC and SOL, plus stock-to-stock pairs such as NVDAx/TSLAx with no stablecoin leg. Per DropsTab data, NVDAX is live on 10+ venues across 20+ spot, futures and on-chain markets, and perpetual futures trade on Gate.io Futures and Kraken Futures.

Can NVDAX be traded 24/7, and how does after-hours pricing work?

NVDAX trades around the clock, but the underlying NVDA market does not. Because the certificate references the NASDAQ price, out-of-hours token prices can deviate from the official NVDA price until the next US market open. During regular sessions, 1:1 share backing keeps the two prices aligned. Traders should treat out-of-hours quotes as indicative rather than an official market price.

Are NVDAX and NVDAx the same token?

NVDAX and NVDAx refer to the same instrument. The issuer, Kraken and Solana decentralized exchanges use the NVDAx ticker, while DropsTab and several centralized exchanges list the certificate as NVDAX. Both names point to the same 1:1 NVDA-backed tracker certificate issued under the xStocks framework.

How safe is NVIDIA xStock (NVDAX) and what are the main risks?

NVDAX carries tracking, liquidity and access risks. Out-of-hours token prices can drift from NVDA's official market price until the US market opens. On-chain depth concentrates in a small number of Raydium pools, and centralized order books are thinner than the NVDA order book on NASDAQ. The issuer currently charges no management fee but may introduce up to 0.25% per year, plus up to 0.50% on issuance and redemption. The certificate excludes US persons.