NVIDIA xStock

NVIDIA xStock (NVDAX) is a tokenized representation of NVIDIA common stock, designed to give non-US users access to US equity exposure through blockchain networks without going through a traditional broker. Each token is described as being backed one-to-one by the underlying NVIDIA share and confers a legal claim to that share's value. The project's stated aim is to remove the geographic, regulatory, and cost barriers that have historically kept retail participants outside the US from easily accessing US stock markets.

NVDAX tokens exist across several blockchain ecosystems simultaneously, including Ethereum, Solana, BNB Chain, Arbitrum, and Mantle, meaning the token can move and interact with decentralized finance protocols on any of those networks. The asset does not have its own consensus algorithm or block time because it is not a standalone blockchain; settlement and security depend entirely on whichever host chain holds a given token. Backing is maintained through a custodial arrangement in which the issuer holds the actual NVIDIA shares, and EU regulatory compliance is cited as the framework governing that custody.

The data provided does not include any fee stream, revenue figures, or information about charges collected by the protocol, so no fee-based measures can be reported here. What is known is that the circulating supply stands at approximately 211,077 tokens at a price of 217.50 USD, giving a market capitalization of roughly 45,908,895 USD at the point in time recorded. The ratio of fully diluted value to market capitalization is 5.02, which reflects the relationship between current circulating supply and the broader supply that could theoretically exist, though no maximum supply figure is recorded.