Sandisk Corporation xStock 

SNDKX Price

What is Sandisk Corporation xStock (SNDKX)?

Sandisk Corporation xStock (SNDKX) gives crypto traders on-chain exposure to Sandisk Corporation (NASDAQ: SNDK) — a tokenized wrapper issued under the xStocks program by Backed Assets (JE) Limited. Each SNDKX token is backed 1:1 by an underlying SNDK share held in regulated custody. SNDKX tracks Sandisk's market price and trades around the clock on crypto rails, while SNDK trades only during Nasdaq market hours. Sandisk develops NAND-flash storage — SSDs, memory cards, and data-center flash.

How is each SNDKX token backed 1:1?

Every SNDKX token is backed 1:1 by one Sandisk Corporation share held in regulated custody by the issuer, Backed Assets (JE) Limited. The token is freely transferable and redeemable for the equivalent cash value or the underlying share. Chainlink Proof of Reserve verifies reserves, and Chainlink Data Streams track corporate actions in real time. Distribution runs through Kraken entities regulated in Bermuda and under MiFID II in Europe.

Is SNDKX the same as owning SNDK shares?

No — SNDKX delivers price exposure, not share ownership. Tokens confer no shareholder rights: no voting and no direct dividend claims from Sandisk Corporation. SNDKX trades continuously, while Nasdaq-listed SNDK trades only during US market sessions. Outside equity hours, SNDKX can drift from the underlying reference price. Sandisk began trading on Nasdaq under SNDK on February 24, 2025 after separating from Western Digital.

Does SNDKX pay dividends?

Sandisk Corporation does not currently pay a dividend, so SNDKX generates no dividend income. If Sandisk begins paying one, Kraken's xStocks program rules auto-reinvest dividends into token holders' balances at the program level rather than distributing them directly. SNDKX tokens themselves confer no shareholder rights.

Where can you trade SNDKX tokenized stock?

SNDKX trades through Kraken's tokenized-stocks offering — in the Kraken app and via Kraken Pro's "Trade xStocks" interface, with fractional purchases from $1. Bybit spot does not list SNDKX. On-chain liquidity is thin: DexScreener shows no Solana DEX pairs for the SNDKX mint, so off-hours price discovery can gap versus the underlying stock. Per DropsTab data, SNDKX is deployed on Solana, Ethereum, and Ink.

Are tokenized stocks like SNDKX legitimate?

SNDKX is a custody-backed wrapper over a real NASDAQ-listed share, not a synthetic derivative — issued by Backed Assets (JE) Limited, a Jersey private limited company in the regulated Backed issuer group. However, SNDKX is not registered under the US Securities Act. The token is unavailable to residents of the US, UK, Canada, Australia, and sanctioned jurisdictions.

Which blockchains support SNDKX?

SNDKX is deployed on three networks: Solana, Ethereum, and Ink. The Solana mint address is Xswbpc8UqU6e1j9QZEWCjBMjyvz4twqD7PCy6j2e7jj. The Ethereum and Ink deployments share the contract address 0xb63efbc28860c8097e341de1fcf59456161e9d98. The wider xStocks program spans six chains — Ethereum, Solana, BNB Smart Chain, Mantle, TON, and Ink — covering 700+ tokenized stocks and ETFs.

What is the difference between SNDKX and wSNDKx?

wSNDKx (Wrapped Sandisk Corporation Tokenized Stock) is a separate token on the X Layer network — not the same asset as SNDKX. SNDKX is the native xStocks wrapper issued by Backed Assets (JE) Limited, deployed on Solana, Ethereum, and Ink. Both instruments track the same underlying stock through different wrappers, so buyers should verify the contract address before transacting.