NVIDIA xStock (NVDAX): issuer, networks, and where it trades

NVDAX (NVIDIA xStock) is a tokenized stock issued by Backed (xStocks), designed to provide economic exposure to NVIDIA Corporation (NVDA). It operates as a tracker, backed by Backed Assets (JE) Limited, with a prospectus approved by the FMA Liechtenstein and jurisdictional approval from the JFSC in Jersey. Holders of NVDAX do not receive voting rights, direct dividend rights, or title to the underlying shares, differentiating it from direct ownership of NVDA stock. Instead, the exposure is facilitated through a rebasing multiplier, subject to a 30% US withholding tax. Additionally, this instrument is not available to residents of the US, UK, Canada, or Australia. The specific blockchain network(s) on which NVDAX exists is not detailed. The treatment of dividends and stock splits for the underlying asset remains unclear.

NVDAX data covers 5 venues. The available products determine which staking rates, withdrawal fees and funding rates appear. Sources include exchange APIs, protocols and aggregators. Scheduled collection: exchange staking every 10 minutes, funding every 10 minutes, fees and network availability every 30 minutes. On-chain yields follow their source schedule.