Visa xStock 

VX Price

What is Visa xStock tokenized stock (VX)?

Visa xStock (ticker Vx; VX on DropsTab) is a tokenized stock — a 1:1-backed tracker certificate tracking Visa Inc. (NYSE: V) Class A shares on-chain. Backed Assets (JE) Limited, part of the Backed Finance group, issues the token as part of the xStocks suite, which launched on Solana on June 30, 2025. Each Vx token mirrors one custodied Visa share, giving crypto traders on-chain price exposure to Visa stock without a brokerage account.

Is Visa xStock backed 1:1 by real Visa shares?

Yes. Backed mints exactly one Vx token for every Visa share held with the regulated third-party custodian, and burns tokens when shares are redeemed. Holders receive price exposure only — the certificate carries no Visa ownership, voting, or information rights. Vx tokens are redeemable with Backed for the underlying's cash value, subject to an additional fee.

How is Vx different from buying Visa (V) stock on the NYSE?

Vx delivers Visa's price exposure on crypto rails; a NYSE brokerage position delivers share ownership. A Vx holder cannot vote at Visa shareholder meetings and receives no cash dividends. Vx trades 24/5 on Kraken, while NYSE sessions follow market hours. Jurisdictional restrictions on Vx do not apply to a standard brokerage account.

Does Visa xStock pay dividends?

Vx holders receive no cash payouts. Corporate actions on the underlying Visa shares are processed through Chainlink, and dividends are automatically reinvested into Vx token balances. The reinvestment compounds the value of the tokenized stock position instead of producing periodic cash distributions.

How do I buy Visa tokenized stock (VX)?

Two routes exist. Centralized venues offer dedicated xStock products: Kraken supports app trading from $1 with fractional sizes and withdrawal to self-custody wallets, while Bybit, Bitget, Gate, and OKX also list xStocks. On-chain, users swap USDC for Vx through the Raydium CLMM pool on Solana or via the Jupiter aggregator.

Where can I trade Visa xStock (VX)?

Per DropsTab data, the on-chain market tracked for Vx is the Raydium (CLMM) Vx/USDC pair on Solana. On-chain depth on this single concentrated pool is thin relative to centralized xStock venues. Centralized access runs through dedicated xStock products on Kraken, Bybit, Bitget, Gate, and OKX — those CEX product pairs do not map one-to-one to the on-chain token. Trading runs 24/5 on Kraken, despite "24/7" marketing on the issuer's site.

Which blockchains support Visa xStock (VX)?

Vx exists as an SPL token on Solana and as an ERC-20 token on Ethereum, BNB Smart Chain, and Arbitrum One. The EVM deployments share one identical contract address across all three networks, with 18 decimals. Solana carries the majority of total supply.

What is Visa xStock (VX) total supply?

Vx has no fixed maximum supply. Supply is an elastic mint/redeem inventory: Backed mints one token per Visa share deposited with the custodian and burns tokens on redemption. Aggregator "circulating supply" figures for Vx conflict widely; the on-chain total supply is the reliable figure — see DropsTab for the live number. No unlock schedule exists.

Is Visa xStock available in the US and other jurisdictions?

No. Vx is not registered under the US Securities Act. The token is unavailable in the United States, United Kingdom, Canada, Australia, Singapore, and sanctioned jurisdictions. A further structural risk: a Permanent Delegate extension gives the issuer authority to burn or transfer Vx tokens from any address.