Nasdaq xStock

Nasdaq xStock (QQQX) is a tokenized representation of the Nasdaq-100 ETF, issued under the xStocks product line. It is designed to give non-US users access to a widely followed US equity index through blockchain-based tokens rather than a traditional brokerage account. The project describes itself as addressing barriers such as geographic restrictions, broker requirements, and complexity that have historically limited access to US financial markets.

Each QQQX token is backed one-to-one by the underlying ETF asset held in custody, and holders are described as having a legal claim to that underlying value. The token exists across multiple blockchains including Ethereum, BNB Chain, Solana, Arbitrum, and Hyperliquid, meaning it can interact with decentralized finance protocols on those networks. No consensus algorithm or block time is recorded for the token itself, as it is an asset-backed instrument rather than a native blockchain with its own validator set.

The data provided does not include a fee stream, revenue figure, or protocol earnings for QQQX, so no fee-based measures are available on this page. What is recorded is a circulating supply of 63,077.46 tokens at a price of 720.58 USD, giving a market capitalization of 45,448,894 USD at the point in time captured. The fdv-to-mcap ratio of 4.547776 and a supply-issued percentage of 22.127441 percent both reflect point-in-time readings, and together they indicate that a substantial portion of the total implied token supply has not yet entered circulation.