NVDAX (or NVDAx) is a tokenized version of NVIDIA Corporation's common stock, issued by Backed Finance via its xStocks platform. Each token is backed 1:1 by actual NVIDIA shares held by a regulated third-party custodian. Deployed on the Solana blockchain under the SPL standard, NVDAX enables on-chain trading, self-custody, and integration with DeFi protocols. It is available on platforms like Kraken and Bybit, supporting 24/5 or even 24/7 trading, providing global users with more flexible and accessible exposure to U.S. equities.
While NVDAX is pegged to the real NVIDIA stock and reflects its price movements, it does not grant traditional shareholder rights such as voting or dividends. This tokenized asset format is designed to bridge traditional finance and decentralized ecosystems, offering a new way for users to engage with legacy markets in a more efficient and borderless manner.
