Assets/NVDAX

NVIDIA xStock

NVDAX

Overview

NVDAX price

$206.80

Performance

Growth

Growth of $10,000 over 1 month

Growth

Growth of $10,000 over 3 months

Growth

Growth of $10,000 over 6 months

Growth

Growth of $10,000 over year to date

Growth

Growth of $10,000 over 1 year

Growth

Growth of $10,000 over all history

$10,609.80

+$609.80
Jul 4, 26Jul 12, 26Jul 20, 26Jul 27, 26Aug 4, 26
$11K$10.8K$10.5K$10.2K$9.91K$9.63K

$10,417.05

+$417.05
May 4, 26May 27, 26Jun 19, 26Jul 12, 26Aug 4, 26
$12.2K$11.6K$11K$10.4K$9.88K$9.31K

$11,656.60

+$1,656.60
Feb 4, 26Mar 21, 26May 6, 26Jun 20, 26Aug 4, 26
$14K$13K$12K$11K$9.8K$8.8K

$11,087.86

+$1,087.86
Jan 1, 26Feb 24, 26Apr 19, 26Jun 11, 26Aug 4, 26
$13K$12K$11K$10K$9.3K$8.4K

$11,488.87

+$1,488.87
Aug 4, 25Nov 3, 25Feb 3, 26May 5, 26Aug 4, 26
$14K$13K$12K$11K$9.7K$8.7K

$2,067,996.84

+$2,057,996.84
Jul 11, 25Oct 16, 25Jan 22, 26Apr 29, 26Aug 4, 26
$3M$2M$1M$900K$300K-$300K

As of Aug 4, 2026 · source: Kamino API

Returns

As of August 4, 2026

1 mo

3 mo

6 mo

YTD

1 yr

Since inception

NVDAX

+6.10%

-0.20%

+3.14%

+1.47%

+1.16%

+51.73%

Benchmark

3M T-BILL

+0.32%

+0.30%

+0.30%

+0.30%

+0.30%

+0.30%

1 mo
NVDAX+6.10%
3M T-BILL+0.32%
3 mo
NVDAX-0.20%
3M T-BILL+0.30%
6 mo
NVDAX+3.14%
3M T-BILL+0.30%
YTD

1 mo

3 mo

6 mo

YTD

1 yr

Since inception

NVDAX

+6.10%

-0.61%

+20.37%

Filings & disclosures

Source documents from the issuer, hosted at the original source.

Underlying-company Form 10-Q, filed 2026-05-20 for the period ended 2026-04-26; SEC filing index.

sec.gov

Legal & regulatory structure

Independent layers of protection — the legal wrapper, the asset custodian, and third-party validators.

✓

Legal wrapper

Protects holders if the issuer fails.

Transfer restrictions
The freeze authority can freeze Solana token accounts. A transfer hook executes custom logic on every transfer.Disputed
More
Sources · 3

incomplete

explorer.solana.com ↗
“Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs”
explorer.solana.com ↗
“Allow the token program to execute custom instruction logic on every token transfer”
explorer.solana.com ↗
“Enables the authority to make new token accounts as frozen by default upon creation”

Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — The cited Explorer content is not among the assigned evidence. It identifies a freeze authority and an enabled transfer hook, but the supplied assigned regulator and issuer-document evidence does not | anthropic-family: confirmed — The fetched Solana Explorer page (onchain evidence, a required class) directly supports both parts of the claim. It lists a set Freeze Authority (JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs) and a De | kimi-family: confirmed — The archived explorer snapshot lists an active Freeze Authority (JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs) on the Token-2022 mint, which by Solana token semantics can freeze token accounts, and ad

✓

Independent validators

Third-party checks on the operation.

Admin powers
Separate authorities control minting and freezing. A permanent delegate can transfer or burn any holder's tokens.Disputed
More

Pausable configuration can halt transfers, mints, and burns.

Sources · 4

incomplete

explorer.solana.com ↗
“Mint Authority 7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj”
explorer.solana.com ↗
“Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs”
explorer.solana.com ↗
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
explorer.solana.com ↗
“Allows the token program to pause all interactions including transfers, mints, and burns”

Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — goal-fit: The explorer supports distinct mint and freeze authority addresses and confirms that Permanent Delegate and Pausable Config are enabled with the stated capabilities. However, the narrative d | anthropic-family: confirmed — The slot concerns admin powers/control authorities over the token, and this claim directly addresses that. All material facts are supported by the fetched Solana explorer (onchain) source, which is wi | kimi-family: confirmed — Every material claim is directly supported by the archived Solana Explorer page for the NVDAx Token-2022 mint. (1) 'Separate authorities control minting and freezing' is supported: the Mint Authority

Risks & protections

  • Underlying / economic

    NVDAx tracks NVIDIA stock, whose business faces export-control risk affecting H20 products

    ⌄
    NVDAx tracks NVIDIA stock, whose business faces export-control risk affecting H20 products.Disputed
    More
    Sources · 2

    One of two cited IDs (29b83c9b) is absent from the corpus. The remaining 67a5e87c is a proxy-statement compensation disclosure (export controls triggering Stretch Compensation Plan goal adjustments), not NVIDIA's own business-risk disclosure. The slot requires grounding in the issuer's risk disclosures; a comp-plan footnote is weak, indirect support for 'the underlying business deteriorates.'

    coinmarketcap.com ↗
    “NVDAX is a blockchain-based digital token that tracks the price of NVIDIA Corporation (NVDA) stock, providing crypto market participants with a compliant bridge to traditional equity markets.”
    sec.gov ↗
    “due to the imposition of additional export controls on the Company’s H20 products during the first half of Fiscal 2026”

    Verifier note: panel 2/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: confirmed — Both material claims are supported by the fetched sources (judged against the union). CoinMarketCap confirms 'NVDAX is a blockchain-based digital token that tracks the price of NVIDIA Corporation (NVD | kimi-family: confirmed — Both material claims are supported by the union of fetched sources, and the load-bearing risk claim rests on required-class evidence. The SEC proxy statement (regulator class, assigned evidence) expli

  • Hack / smart contract

    Token authorities can freeze accounts, pause interactions, transfer or burn holdings, and change displayed amounts

    ⌄
    Token authorities can freeze accounts, pause interactions, transfer or burn holdings, and change displayed amounts.Disputed
    More
    Sources · 4

    All four cited IDs (dd2a9b6d, 83822bc7, c5169eaa, 3e460aa8) are absent from the corpus. The corpus does contain Token-2022 extension evidence (196c87b7, 527d5330, b6241a39), but that evidence does not describe freeze/pause/transfer/burn/change-displayed-amount authorities; 527d5330 describes holder-opt-in confidential transfers (encrypted balances visible to holder and auditor), which is not an issuer seizure control. The claim is both unsupported by cited evidence and mischaracterizes the extension evidence that is present.

    explorer.solana.com ↗
    “Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
    explorer.solana.com ↗
    “Enables the authority to make new token accounts as frozen by default upon creation”

Onchain transparency

Token

Mint address
Xsc9qv…mx9qEh

Chain

Network
Solana

Contracts & controls

Admin powers
Separate authorities control minting and freezingDisputed
More

Pausable configuration can halt transfers, mints, and burns.

Sources · 4

incomplete

explorer.solana.com ↗
“Mint Authority 7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj”
explorer.solana.com ↗
“Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs”
explorer.solana.com ↗
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
explorer.solana.com ↗
“Allows the token program to pause all interactions including transfers, mints, and burns”

Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — goal-fit: The explorer supports distinct mint and freeze authority addresses and confirms that Permanent Delegate and Pausable Config are enabled with the stated capabilities. However, the narrative d | anthropic-family: confirmed — The slot concerns admin powers/control authorities over the token, and this claim directly addresses that. All material facts are supported by the fetched Solana explorer (onchain) source, which is wi | kimi-family: confirmed — Every material claim is directly supported by the archived Solana Explorer page for the NVDAx Token-2022 mint. (1) 'Separate authorities control minting and freezing' is supported: the Mint Authority

Documents

Filing
Underlying-company Form 10-Q, filed 2026-05-20 for the period ended 2026-04-26; SEC filing index.
2026-05-20
Document
Underlying-company proxy statement for NVIDIA's June 24, 2026 annual meeting; filed with the SEC.
2026-05-12
Document
SEC cease-and-desist order, May 6, 2022, https://www.sec.gov/files/litigation/admin/2022/33-11060.pdf
2022-05-06
Underlying-company Form 10-Q, filed 2026-05-20 for the period ended 2026-04-26; SEC filing index.Filing · 2026-05-20
Underlying-company proxy statement for NVIDIA's June 24, 2026 annual meeting; filed with the SEC.Document · 2026-05-12
SEC cease-and-desist order, May 6, 2022, https://www.sec.gov/files/litigation/admin/2022/33-11060.pdfDocument · 2022-05-06
Research appendix

Plan fulfillment

SlotStatusClasses covered
what it isrejected-retryaggregator, onchain
how it worksrejected-retryaggregator, issuer-docs
token categoryrejected-retryaggregator, regulator
holder claimrejected-retryaggregator, onchain
underlying compositionrejected-retryonchain, regulator
underlying structurerejected-retrynone
yield sourceemptynone
yield mechanicsrejected-retryaggregator
collateralization ratiorejected-retryonchain
holdingrejected-retrynone
issuer entityrejected-retryaggregator, legal-terms, issuer-docs
issuer businessrejected-retryaggregator
launch dateemptynone
operating historyemptynone
backers investorsemptynone
service providersfilled-verifiedlegal-terms
key peopleemptynone
issuer incidentsemptynone
regulatory regimeemptyregulator
legal vehiclerejected-retryregulator
bankruptcy remoteemptyregulator
holder rights on failureemptyregulator
tax treatmentemptynone
transfer restrictionsfilled-verifiedregulator, issuer-docs
custodiansrejected-retryregulator
attestationsemptynone
attestation frequencyemptynone
auditsemptynone
admin powersfilled-verifiedissuer-docs
upgradeabilityemptynone
unilateral changesrejected-retryissuer-docs
feeemptyregulator
redemption pathrejected-retryregulator
redemption minimumemptynone
settlement timeemptynone
redemption capemptynone
risk underlyingfilled-verifiedregulator
risk creditrejected-retryregulator
risk issuerrejected-retryregulator
risk custodianrejected-retryregulator
risk hackfilled-verifiedissuer-docs, audit, regulator
risk regulatoryemptyregulator, issuer-docs
risk redemption gateemptyregulator
risk depegrejected-retryregulator
risk concentrationrejected-retryregulator
eligible investorsemptyregulator
min investmentemptynone
onboarding requirementsemptyregulator
documentfilled-verifiedregulator

Evidence gaps

underlying structure — searched, not found: The corpus discloses no custody-account structure, concentration controls, or other structural terms.

yield source — searched, not found: The corpus identifies possible external DeFi yield but does not disclose a native yield source or spread allocation.

issuer entity — searched, not found: The corpus names Backed Assets Final Terms Nr 19 and xStocks but does not identify the exact issuing legal entity.

launch date — searched, not found: The corpus provides no dated issuer announcement or documentation establishing the NVDAx launch date.

operating history — searched, not found: The corpus provides no issuer operating history, milestones, or nonvolatile scale indicators.

backers investors — searched, not found: The corpus identifies no investors or backers of the issuer.

key people — searched, not found: The corpus identifies neither the issuer's founding team nor current leadership or dated role changes.

issuer incidents — searched, not found: The corpus contains no regulator, audit, issuer, or aggregator evidence establishing incidents or their absence.

regulatory regime — searched, not found: The corpus provides no qualifying NVDAx-specific regulatory regime or exemption evidence.

bankruptcy remote — searched, not found: The corpus does not establish bankruptcy remoteness for NVDAx backing assets.

holder rights on failure — searched, not found: The corpus does not describe NVDAx holder claims, asset control, or creditor priority after issuer failure.

tax treatment — searched, not found: The corpus provides no NVDAx-specific tax treatment.

attestations — searched, not found: The corpus identifies no independent NVDAx reserve attestation or publication location.

attestation frequency — searched, not found: The corpus provides no attestation schedule or latest attestation date.

audits — searched, not found: The corpus identifies no NVDAx fund or smart-contract audit.

upgradeability — searched, not found: The corpus does not establish contract upgradeability, administrator identity, or upgrade delay.

unilateral changes — searched, not found: The corpus provides no qualifying legal terms governing unilateral changes by the issuer.

redemption minimum — searched, not found: The corpus discloses a USD 100 minimum redemption fee, not a minimum redemption amount.

settlement time — searched, not found: The corpus provides no direct-redemption settlement timing for NVDAx.

redemption cap — searched, not found: The corpus provides no NVDAx redemption caps, windows, gates, or notice periods.

risk regulatory — searched, not found: The corpus identifies NVDAx as a tracker certificate but does not establish its issuer's registration or offering restrictions.

risk redemption gate — searched, not found: The corpus provides no evidence of NVDAx redemption gates or stressed-redemption procedures.

eligible investors — searched, not found: The corpus does not identify direct-mint or redemption eligibility, secondary-holder restrictions, or excluded jurisdictions.

min investment — searched, not found: The corpus discloses a minimum subscription fee, not a minimum investment amount.

onboarding requirements — searched, not found: The corpus provides no NVDAx KYC, KYB, whitelisting, threshold, or onboarding-time requirements.

Rejected facts

Source documents
Final terms: Backed Assets Final Terms Nr 19 (NVDAx); date and original-source URL are undisclosed.Disputed
More
Sources · 1

Sole cited ID 991ee3e9 is absent from the corpus. The existence of 'Backed Assets Final Terms Nr 19 (NVDAx)' cannot be verified against the supplied evidence.

app.rwa.xyz ↗
“Backed Assets Final Terms Nr 19 (NVDAx)”

Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — The archived RWA.xyz page names “Backed Assets Final Terms Nr 19 (NVDAx)” under Terms, but RWA.xyz is not assigned regulator evidence and does not provide the document date or an original-source URL. | anthropic-family: confirmed — The archived rwa.xyz page for NVDAx contains a 'Terms' field reading exactly 'Backed Assets Final Terms Nr 19 (NVDAx)', matching the claimed quote verbatim. The claim identifies this as the final-term | kimi-family: unsupported — goal-fit: the slot question requires each key document's type, date, and original-source URL. The cited rwa.xyz page confirms only that a document named 'Backed Assets Final Terms Nr 19 (NVDAx)' exist

Concentration
NVDAx tracks one underlying company, concentrating market exposure in NVIDIA common stock.Disputed
More
Sources · 2

Both cited IDs (29b83c9b, f1ef5dca) are absent from the corpus. While single-name concentration is plausible, it is not grounded in any supplied evidence.

coinmarketcap.com ↗
“NVDAX is a blockchain-based digital token that tracks the price of NVIDIA Corporation (NVDA) stock, providing crypto market participants with a compliant bridge to traditional equity markets.”
app.rwa.xyz ↗
“Tokenized version of NVIDIA Corporation.”

Verifier note: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch

Depeg / liquidity
NVDAx relies on collateralization, arbitrage, and price oracles to track NVIDIA stock.Disputed
More
Sources · 1

Sole cited ID 4da6a72a is absent from the corpus. No supplied evidence describes NVDAx collateralization, arbitrage, or oracle mechanics; the claim is unverifiable.

coinmarketcap.com ↗
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”

Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — goal-fit: The claim describes mechanisms intended to maintain price tracking, but it does not identify what could push the secondary-market price away from NAV/peg or document any historical depeg epi | anthropic-family: unsupported — goal-fit: The slot question asks what could push secondary price away from NAV/peg and for historical depeg episodes. The claim merely restates the peg-maintenance mechanisms (1:1 collateralization, a | kimi-family: unsupported — goal-fit: the source supports the mechanism claim (1:1 collateralization, arbitrage, oracles maintaining price tracking), but the slot question asks what could push secondary price away from NAV/peg a

Custodian
Alpaca Securities LLC holds the backing shares, concentrating disclosed custody exposure in that institution.Disputed
More
Sources · 2

Both cited IDs (b26da5f8, 1bc9bf76) are absent from the corpus. 'Alpaca Securities LLC' as custodian of backing shares is not present anywhere in the supplied evidence.

app.rwa.xyz ↗
“Custodian Legal Identifier Alpaca Securities LLC 0001702580”
coinmarketcap.com ↗
“real NVDA shares are held in custody by regulated institutions (e.g., BitGo, Alpaca Securities).”

Verifier note: panel 1/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: confirmed — The rwa.xyz NVDAx page (assigned evidence, regulator/registry class) explicitly names Alpaca Securities LLC as the sole disclosed Custodian (Legal Identifier 0001702580), with Crypto Custodian listed

Issuer failure
Backed Finance entities issue the NVDAx tracker certificate, creating exposure to their continued performance.Disputed
More
Sources · 1

Cited ID 6e15ea26 is absent from the corpus. Nothing in the supplied evidence names 'Backed Finance' or establishes it as the issuer of the NVDAx certificate.

coinmarketcap.com ↗
“The token is a "tracker certificate" issued by entities like Backed Finance.”

Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch: the only fetched source is a CoinMarketCap CMC AI explainer article, which is neither issuer-docs, regulator, nor audit class as required for ts:risks/risk_issuer. The assigne

Credit / counterparty
NVDAx holders depend on the institutions holding the NVIDIA shares supporting the tracker certificate.Disputed
More
Sources · 2

Both cited IDs (6e15ea26, 1bc9bf76) are absent from the corpus. The claim that holders depend on institutions holding NVIDIA shares supporting the tracker certificate has no support in the supplied evidence.

coinmarketcap.com ↗
“The token is a "tracker certificate" issued by entities like Backed Finance.”
coinmarketcap.com ↗
“real NVDA shares are held in custody by regulated institutions (e.g., BitGo, Alpaca Securities).”

Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch

Exit paths
Direct redemption charges 0.50% of market price, subject to a USD 100 minimum fee.Disputed
More
Sources · 1

Sole cited evidence 88ec9728 does not appear in the provided corpus. The 0.50%-of-market-price / USD 100 minimum fee claim is unverifiable against the evidence supplied.

app.rwa.xyz ↗
“Redemption fee is 0.50% of market price with a minimum of USD 100.”

Verifier note: panel 0/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch. The archived rwa.xyz page does literally state 'Redemption fee is 0.50% of market price with a minimum of USD 100,' so the text itself matches the claim. However, the slot req | gpt-family: unsupported — evidence class mismatch

Unilateral changes
The token program can update a multiplier that scales holders’ displayed token amounts without holder consent.Unverified
More
Sources · 1
explorer.solana.com ↗
“Allows the token program to scale the UI amount of the token by an updatable multiplier”

Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt-family: unsupported — goal-fit: The explorer confirms that the token has an updatable UI-amount multiplier, but this technical capability does not answer what the issuer may change without holder consent under its legal te | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch. The required evidence class is legal-terms and the assigned evidence is issuer-docs, but the sole cited source is the Solana Explorer token-extensions page — a third-party cha

Custodians
BitGo and Alpaca Securities reportedly custody the backing NVDA shares as regulated institutions. Account-segregation details are undisclosed.Disputed
More
Sources · 2

overread

coinmarketcap.com ↗
“real NVDA shares are held in custody by regulated institutions (e.g., BitGo, Alpaca Securities).”
app.rwa.xyz ↗
“Custodian Legal Identifier Alpaca Securities LLC 0001702580”

Verifier note: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: contradicted — The claim's core assertion that 'account-segregation details are undisclosed' is actively contradicted by a fetched source: app.rwa.xyz explicitly discloses the segregation model as 'Account Segregati | kimi-family: contradicted — The claim asserts account-segregation details are undisclosed, but the fetched rwa.xyz registry actively discloses a segregation model: 'Account Segregation: Bankruptcy Remote' — a direct contradictio

Vehicle
NVDAx is a tracker certificate governed by Backed Assets Final Terms Nr 19. The corpus does not identify its jurisdiction.Disputed
More
Sources · 2

unverifiable

coinmarketcap.com ↗
“The token is a "tracker certificate" issued by entities like Backed Finance.”
app.rwa.xyz ↗
“Backed Assets Final Terms Nr 19 (NVDAx)”

Verifier note: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — goal-fit: “tracker certificate” describes the investment instrument, not the legal wrapper protecting holders (such as an LP, trust, SPV, or foundation). The cited RWA.xyz registry also identifies Bac | anthropic-family: contradicted — The tracker-certificate framing (CMC AI: 'tracker certificate issued by entities like Backed Finance') and the 'Backed Assets Final Terms Nr 19 (NVDAx)' terms reference (rwa.xyz) are both supported. H | kimi-family: unsupported — Two problems. (1) The 'tracker certificate' characterization rests solely on an AI-generated CMC article that hedges — 'issued by entities like Backed Finance' — which is vaguer than claimed and infer

Structure & quality
NVDAx has single-name concentration in NVIDIA common stock. The perpetual equity has no fixed maturity or duration.Unverified
More
Sources · 2
sec.gov ↗
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”
app.rwa.xyz ↗
“Tokenized version of NVIDIA Corporation.”

Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch

Legal entity
Backed Finance issues the NVDAx tracker certificate under Backed Assets Final Terms Nr 19 (NVDAx).Unverified
More
Sources · 2
coinmarketcap.com ↗
“The token is a "tracker certificate" issued by entities like Backed Finance.”
app.rwa.xyz ↗
“Backed Assets Final Terms Nr 19 (NVDAx)”

Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt-family: contradicted — RWA.xyz identifies the issuer as “Backed Assets,” not “Backed Finance.” CoinMarketCap’s vague statement that tracker certificates are issued by “entities like Backed Finance” does not establish NVDAx’ | anthropic-family: contradicted — The slot question asks for the exact issuing entity and vehicle. The rwa.xyz registry/legal-terms source (a required evidence class) explicitly names the Issuer as 'Backed Assets' (LEI 984500001AB7C6C

What the issuer does
xStocks offers tokenized equity products, including NVDAx, across centralized exchanges and DeFi platforms.Disputed
More
Sources · 2

Issuer of record is Backed (Backed Assets Final Terms Nr 19); xStocks is the distribution brand.

app.rwa.xyz ↗
“Offered by xStocks”
coinmarketcap.com ↗
“NVDAX is part of the broader xStocks ecosystem, traded on centralized exchanges like Gate and BitMart, and integrated into DeFi platforms.”

Verifier note: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch

Holdings
NVIDIA Corporation common stock; disclosed as 1:1 backing, with no disclosure date provided.Unverified
More
Sources · 2
coinmarketcap.com ↗
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”
sec.gov ↗
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”

Verifier note: panel 0/3 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch. The dossier plan assigns no evidence of a required class (attestation, audit, issuer-docs) to this slot. The CoinMarketCap page is AI-generated summary content (explicitly "CM | gpt-family: unsupported — evidence class mismatch

Collateralization
100%Unverified
More
Sources · 1
coinmarketcap.com ↗
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”

Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch: The slot requires attestation, audit, or onchain evidence (assigned 4da6a72a=onchain). The only cited source is a CMC AI-generated explainer article on CoinMarketCap, which do | kimi-family: unsupported — evidence class mismatch: the dossier requires attestation, audit, or onchain evidence for ts:underlying/collateralization_ratio, but the archived source is a CoinMarketCap AI-generated explainer artic

Yield mechanics
NVDAx provides no disclosed native yield mechanics. Holders may deploy NVDAx in external DeFi protocols to seek yield.Unverified
More
Sources · 1
coinmarketcap.com ↗
“Beyond simple price exposure, NVDAX can be used in decentralized finance protocols for lending, borrowing, or earning yield.”

Verifier note: panel 0/4 confirmed (sourceDomains=1) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch | gpt-family: unsupported — goal-fit: The cited aggregator says only that NVDAX can be used in DeFi protocols for earning yield and gives a USDf example. It does not explain how yield reaches the NVDAX holder, whether through NA

Composition
NVIDIA Corporation common stock provides the disclosed 1:1 backing. The corpus provides no dated reserve breakdown or attestation.Unverified
More
Sources · 2
coinmarketcap.com ↗
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”
sec.gov ↗
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”

Verifier note: panel 0/3 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | gpt-family: unsupported — evidence class mismatch

Holder's claim
A tracker certificate linked to NVIDIA common stock.Disputed
More
Sources · 1

State the certificate is a reference-linked instrument (redemption right at fee per add61a33/88ec9728), not direct NVIDIA share ownership.

coinmarketcap.com ↗
“The token is a "tracker certificate" issued by entities like Backed Finance.”

Verifier note: panel 0/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch: the slot requires legal-terms evidence establishing the holder's legal claim, but the only cited support (6e15ea26) is aggregator-class CMC AI content. An AI-generated aggrega | gpt-family: unsupported — evidence class mismatch

Category
rwa-otherUnverified
More
Sources · 2
app.rwa.xyz ↗
“Tokenized version of NVIDIA Corporation.”
sec.gov ↗
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”

Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: contradicted — The slot asks to classify by the nature of the underlying asset. Both cited sources identify the underlying unambiguously as NVIDIA Corporation common stock (Ticker: NVDA): the rwa.xyz page describes

How it works
Eligible investors subscribe at market price plus a 0.50% fee, subject to a USD 100 minimum. Smart contracts issue transferable tokens on Ethereum and Solana.Disputed
More

Holders exit through secondary-market sales or redemption at a 0.50% fee, subject to a USD 100 minimum.

Sources · 4

Drop 'Eligible' qualifier and the unsupported issuance mechanism; evidence supports only fees, two chains, and DEX secondary trading.

coinmarketcap.com ↗
“It exists as both an ERC-20 token on Ethereum and an SPL token on Solana, enabling 24/7 trading and fractional ownership.”
app.rwa.xyz ↗
“Subscription fee is 0.50% of market price with a minimum of USD 100.”
app.rwa.xyz ↗
“Redemption fee is 0.50% of market price with a minimum of USD 100.”
explorer.solana.com ↗
“Raydium Clmm: Swap V2”

Verifier note: panel 1/3 confirmed (sourceDomains=3, disputed) | gpt-family: contradicted — RWA.xyz actively contradicts the acquisition minimum: it lists a USD 5,000 minimum investment, while USD 100 is the minimum fee, not the minimum subscription amount. The sources support professional-i | anthropic-family: unsupported — evidence class mismatch — The claim answers the slot question (acquisition via subscription, issuance as transferable tokens, exit via secondary sale or redemption), and is factually well-matched to t | kimi-family: confirmed — Every material claim is supported by the union of fetched sources, and the assigned evidence includes an issuer-docs item satisfying the required evidence classes. Subscription terms ('0.50% of market

What it is
NVDAx is a blockchain token tracking NVIDIA Corporation common stock. Holders own a tracker certificate rather than NVIDIA shares.Unverified
More

NVDA shares provide 1:1 backing.

Sources · 4
coinmarketcap.com ↗
“NVDAX is a blockchain-based digital token that tracks the price of NVIDIA Corporation (NVDA) stock, providing crypto market participants with a compliant bridge to traditional equity markets.”
coinmarketcap.com ↗
“The token is a "tracker certificate" issued by entities like Backed Finance.”
coinmarketcap.com ↗
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”
sec.gov ↗
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”

Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch

Holdings
NVIDIA Corporation equity provides the referenced exposure under the disclosed 1:1 collateralization model.Unverified
More
Sources · 3
app.rwa.xyz ↗
“Tokenized version of NVIDIA Corporation.”
coinmarketcap.com ↗
“NVDAX is a blockchain-based digital token that tracks the price of NVIDIA Corporation (NVDA) stock, providing crypto market participants with a compliant bridge to traditional equity markets.”
coinmarketcap.com ↗
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”

Verifier note: panel 0/3 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | gpt-family: unsupported — evidence class mismatch

Service providers
Alpaca Securities LLC serves as custodian under legal identifier 0001702580.Unverified
More
Sources · 1
app.rwa.xyz ↗
“Custodian Legal Identifier Alpaca Securities LLC 0001702580”

Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: confirmed — The fetched source explicitly lists under Service Providers: 'Custodian Legal Identifier — Alpaca Securities LLC 0001702580', matching the claim verbatim. This answers the slot question (named custodi

Run operations

discover · claude · ok · 210s · 72 links

discover · codex · ok · 142s · 104 links

ingest · ingest · weak

plan · plan · ok

synthesize · synthesize · ok

Coverage

6 of 35 fields verified · 0 unverified · 25 not found

Run 2026-08-04T09:33:02.722Z · done · cost $0.00

Automated research, human-reviewed. Verify against source documents before credit decisions.

NVDAX
+1.47%
3M T-BILL+0.30%
1 yr
NVDAX+1.16%
3M T-BILL+0.30%
Since inception
NVDAX+51.73%
3M T-BILL+0.30%

+10.88%

+14.89%

+20579.97%

Benchmark

3M T-BILL

+0.32%

+0.89%

+1.79%

+2.11%

+3.68%

+3.96%

1 mo
NVDAX+6.10%
3M T-BILL+0.32%
3 mo
NVDAX-0.61%
3M T-BILL+0.89%
6 mo
NVDAX+20.37%
3M T-BILL+1.79%
YTD
NVDAX+10.88%
3M T-BILL+2.11%
1 yr
NVDAX+14.89%
3M T-BILL+3.68%
Since inception
NVDAX+20579.97%
3M T-BILL+3.96%
explorer.solana.com ↗
“Allows the token program to pause all interactions including transfers, mints, and burns”
explorer.solana.com ↗
“Allows the token program to scale the UI amount of the token by an updatable multiplier”

Verifier note: panel 3/3 confirmed (sourceDomains=1, disputed) | gpt-family: confirmed — The on-chain Solana Explorer record shows enabled Permanent Delegate, Default Account State, Pausable Config, and Scaled UI Amount Config extensions. Together they support authority-controlled transfe | anthropic-family: confirmed — Every material mechanism in the claim maps verbatim to the fetched Solana Explorer token-extensions page for NVIDIA xStock (Xsc9...qEh): 'freeze accounts' is backed by the enabled Default Account Stat | kimi-family: confirmed — Every material sub-claim is verbatim-supported by the archived Solana Explorer token-extensions page for this mint: (1) 'freeze accounts' — the mint lists an active Freeze Authority (JDq14...JNs) plus