Plan fulfillment
SlotStatusClasses covered
CollateralizationFilled-verifiedIssuer-docs, onchain
AttestationsFilled-verifiedIssuer-docs
Underlying issuerFilled-verifiedRegulator
Holder's claimFilled-verifiedIssuer-docs
Corporate-action passthroughRejected-retryIssuer-docs
Final terms documentRejected-retryLegal-terms, issuer-docs
Transfer restrictionsFilled-verifiedIssuer-docs
NetworksFilled-verifiedAggregator, issuer-docs
Canonical deploymentFilled-verifiedIssuer-docs, aggregator
Bridge providerFilled-verifiedIssuer-docs
Bridge custodyRejected-retryIssuer-docs
Oracle dependenciesEmptyNone
Supply and mint authorityFilled-verifiedOnchain, issuer-docs
Key managementRejected-retryNone
Incident responseRejected-retryIssuer-docs
Monitoring and attestationFilled-verifiedIssuer-docs
Bridge & oracleRejected-retryNone
What it isFilled-verifiedAggregator, issuer-docs
How it worksFilled-verifiedIssuer-docs, aggregator
CategoryFilled-verifiedAggregator, issuer-docs
CompositionRejected-retryIssuer-docs
Structure & qualityFilled-verifiedIssuer-docs
Yield sourceRejected-retryIssuer-docs
Yield mechanicsFilled-verifiedIssuer-docs, aggregator
Legal entityFilled-verifiedRegistry, aggregator, issuer-docs
What the issuer doesFilled-verifiedIssuer-docs, aggregator, registry
LaunchedRejected-retryAggregator, issuer-docs
Operating historyFilled-verifiedIssuer-docs
Service providersFilled-verifiedLegal-terms, audit, aggregator
RegimeFilled-verifiedRegulator, aggregator, issuer-docs
VehicleFilled-verifiedIssuer-docs, aggregator
Bankruptcy remoteEmptyAggregator, issuer-docs
If the issuer failsRejected-retryIssuer-docs
CustodiansRejected-retryRegulator, issuer-docs
Attestation frequencyEmptyNone
AuditsRejected-retryAudit
Admin powersFilled-verifiedIssuer-docs, audit
UpgradeabilityEmptyNone
Mint authorityFilled-verifiedNone
Freeze authorityFilled-verifiedNone
Fee scheduleRejected-retryAggregator, issuer-docs
Exit pathsFilled-verifiedIssuer-docs, aggregator
Underlying / economicFilled-verifiedIssuer-docs
Credit / counterpartyFilled-verifiedNone
Issuer failureFilled-verifiedIssuer-docs
CustodianFilled-verifiedLegal-terms, issuer-docs
Hack / smart contractFilled-verifiedNone
RegulatoryFilled-verifiedIssuer-docs
Exit riskRejected-retryIssuer-docs, aggregator
Who can hold/mintFilled-verifiedAggregator, issuer-docs
Source documentsFilled-verifiedIssuer-docs, legal-terms
Evidence gaps
Yield source — searched, not found: The corpus describes weekly rewards offered via PDSL but does not disclose their funding source or any intermediary spread.
Attestation frequency — searched, not found: The corpus provides no independent reserve-attestation frequency or latest attestation date.
Audits — searched, not found: Grant Thornton (Cayman) is named as auditor, but the corpus provides no audit scope or date.
Audits — searched, not found: The corpus provides no smart-contract audit firm, scope, or date.
Oracle dependencies — searched, not found: The corpus identifies no pricing or settlement oracle and provides no oracle-failure analysis.
Upgradeability — searched, not found: The corpus does not establish contract upgradeability, administrator identity, or upgrade delay.
Fee schedule — searched, not found: The corpus provides no expenses-cap rate or charging entity.
Fee schedule — searched, not found: The corpus provides no platform fee on yield or charging entity.
Bridge & oracle — searched, not found: The corpus provides no qualifying evidence about bridges, locked collateral, or false, stale, or unavailable oracle data.
Rejected facts
Bridge & oracleStale multiplier data can cause unexpected settlement behavior; xStocks advises venues to pause interactions briefly around on-chain activation.UnverifiedMore
Sources · 3
docs.xstocks.fi ↗“Trading venues and protocols are advised to pause interactions with the affected token for a brief window around each activation timestamp to prevent unexpected settlement behavior.”
docs.xstocks.fi ↗“The multiplier is published on-chain before each corporate event takes effect.”
docs.xstocks.fi ↗“The multiplier is published onchain before each corporate event takes effect.
Activation is set for midnight UTC on the Ex-Date of the corporate action.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources support pausing token interactions briefly around multiplier activation to avoid unexpected settlement outcomes. However, they describe a scheduled corporate-action multiplier up | anthropic: confirmed — goal-fit: The slot asks about service failures from false, stale, or unavailable oracle data. The multiplier functions as on-chain oracle data for corporate events; the claim about stale multiplier da
Exit riskRetail users may redeem directly with the issuer. Retail redemptions require KYC.DisputedMore
The issuer imposes a $5,000 minimum transaction size. Redemption costs 0.50% of market price, subject to a $100 minimum. Kraken also lets holders sell NVDAx for dollars, cryptocurrencies, or stablecoins. The corpus establishes no redemption caps, windows, notice periods, or stressed-exit procedures.
Sources · 3
The value asserts 'no redemption caps, windows, notice periods,' yet db4fbd0a advises pausing token interactions for a brief window around each multiplier activation — a temporary trading/settlement window that partially qualifies. The categorical 'no windows' claim is unsupported in light of this evidence.
docs.xstocks.fi ↗“Retail users are legally permitted to redeem directly with the issuer, subject to KYC requirements and the $5,000 minimum transaction size.”
app.rwa.xyz ↗“Redemption fee is 0.50% of market price with a minimum of USD 100.”
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
Verifier note: panel 1/2 confirmed (sourceDomains=3, disputed) | gpt: contradicted — The corpus expressly establishes redemption windows: issuer redemption operates 24/5, aligned with U.S. market hours, and RWA.xyz lists redemption as daily. This contradicts the claim that no redempti | anthropic: confirmed — Every material claim is supported by the union of fetched sources, and the claim is goal-fit: its closing sentence directly answers the slot question about stressed exit by asserting the corpus specif
Corporate-action passthroughThe custodian receives cash dividends on the underlying shares. The custodian reinvests those dividends into additional NVIDIA shares.DisputedMore
The multiplier increases to reflect the reinvestment. Stock splits increase the multiplier proportionally. Reverse splits decrease the multiplier proportionally. Token holders need not act. Token holders do not own the underlying NVIDIA shares. Token holders lack voting rights. Token holders lack issuer-information rights. The corpus does not establish merger or tender-offer treatment.
Sources · 10
Developer documentation sets dividend multiplier activation at midnight UTC on the payable date.
Product documentation sets corporate-action multiplier activation at midnight UTC on the ex-date.
Cites evidence ID 152d74db, which does not exist anywhere in the provided corpus. This is a phantom/unsupported citation and should be removed.
The framed 'dispute' overstates a conflict. acb2fc2f (developer docs) sets activation at midnight UTC of the PAYABLE date specifically for dividends; 664297bb (product docs) sets midnight UTC on the EX-DATE for corporate actions generally. These plausibly describe two different event categories (dividend timing vs. split/other-action timing) rather than contradictory rules for the same event, so labeling disputed=true may be a misreading.
Omits db4fbd0a: trading venues/protocols are advised to pause interactions for a brief window around each multiplier activation timestamp to prevent unexpected settlement behavior. This bears directly on how corporate actions reach holders and their operational treatment.
docs.xstocks.fi ↗“When a company pays a dividend, the custodian receives the cash on behalf of all shares held in custody.”
docs.xstocks.fi ↗“Rather than distributing cash, the dividend is reinvested into additional shares of the same stock.
This reinvestment is reflected through a multiplier increase. Holder balances rise proportionally.”
Final terms documentBacked Assets Final Terms Nr 19 (NVDAx) governs NVDAx. Backed’s legal-documentation registry publishes the final terms and base prospectus.DisputedMore
The corpus does not establish the document date or exact legal-issuer entity.
Sources · 4
Slot explicitly requests the 'original registry URL,' but the value describes the registry generically ('Backed's legal-documentation registry') without stating it. Evidence c8f1f3f7 and 36b81348 both give the exact URL https://assets.backed.fi/legal-documentation, which should be included.
xstocks.fi ↗“the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation”
backed.fi ↗“For a full list of prohibited and restricted countries and review of legal documentation, please visit, https://www.assets.backed.fi/legal-documentation .”
Verifier note: panel 1/3 confirmed (sourceDomains=3, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — The archived rwa.xyz pages both list under 'Terms': 'Backed Assets Final Terms Nr 19 (NVDAx)', directly supporting that this document governs NVDAx and identifying it as the final-terms instrument (is | gpt: unsupported — evidence class mismatch
AuditsGrant Thornton (Cayman) is the listed auditor; the evidence does not specify audit scope or date.UnverifiedMore
Sources · 1
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source lists Grant Thornton (Cayman) as auditor but provides neither audit scope nor audit date, so it does not answer the required audit-slot question. | anthropic: unsupported — goal-fit: the slot question requires audits_<firm> = scope + date (fund audits AND smart-contract audits). The fetched page lists only 'Auditor: Grant Thornton (Cayman)' with no audit scope, no date,
Fee scheduleBacked Assets (JE) Limited charges a 0% NVDAx performance fee.UnverifiedMore
Sources · 2
xstocks.fi ↗“xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company)”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — The issuer website identifies Backed Assets (JE) Limited as the issuer, while RWA.xyz separately reports a 0% NVDAx performance fee. However, the fee rate appears only in aggregator evidence; the fetc | anthropic: confirmed — The rwa.xyz NVDAx page explicitly lists 'Performance Fees 0 %' (stated twice, including in the fee section). The Issuer field on that same page is 'Backed Assets' with Jersey domicile, and xstocks.fi
Fee scheduleBacked Assets (JE) Limited charges a 0% NVDAx management fee.UnverifiedMore
Sources · 2
xstocks.fi ↗“xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company)”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: RWA.xyz, an aggregator, lists NVDAx’s management fee as 0%, and xStocks identifies Backed Assets (JE) Limited as the issuer. However, no qualifying legal-terms or issuer document states that | anthropic: confirmed — The rwa.xyz NVDAx page directly states 'Management Fees 0%' (twice) and lists the Issuer as 'Backed Assets' (LEI 984500001AB7C6C7F577, domicile Jersey). The xstocks.fi source confirms 'xStocks are iss
Fee scheduleBacked charges 0.50% of market price for NVDAx redemptions, subject to a USD 100 minimum.UnverifiedMore
Sources · 2
app.rwa.xyz ↗“Redemption fee is 0.50% of market price with a minimum of USD 100.”
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — The RWA.xyz aggregator states the 0.50% redemption fee and USD 100 minimum, while Kraken only says redemption through Backed incurs an unspecified additional fee. Neither cited source is qualifying le | anthropic: confirmed — The rwa.xyz archived page explicitly states under Primary Market: Redemption Fees 0.50% and 'Redemption Description: Redemption fee is 0.50% of market price with a minimum of USD 100.' The Issuer is l
Fee scheduleBacked Assets (JE) Limited charges 0.50% of market price for NVDAx subscriptions, subject to a USD 100 minimum.UnverifiedMore
Sources · 2
app.rwa.xyz ↗“Subscription fee is 0.50% of market price with a minimum of USD 100.”
xstocks.fi ↗“xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company)”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — The aggregator states the 0.50% subscription fee and USD 100 minimum, while the issuer website identifies Backed Assets (JE) Limited as the xStocks issuer. However, no qualifying issuer or legal sourc | anthropic: confirmed — The rwa.xyz asset page for NVDAx states verbatim under Primary Market: "Subscription fee is 0.50% of market price with a minimum of USD 100." and lists Subscription Fees as 0.50%, confirming both the
Incident responseNVDAx enables Pausable Config, which can stop transfers, mints, and burns. xStocks recommends venues pause interactions for roughly 15 minutes around multiplier activations.UnverifiedMore
The corpus discloses no recovery, notification, or incident-history procedure.
Sources · 2
explorer.solana.com ↗“### Pausable Config
Enabled
Allows the token program to pause all interactions including transfers, mints, and burns”
docs.xstocks.fi ↗“we recommend that trading venues and protocols pause all interactions with the token for a brief window (e.g., 15 minutes) before and after each activation timestamp.”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources confirm that NVDAx has Pausable Config enabled and that venues should pause interactions for about 15 minutes before and after scheduled multiplier activations. However, these es | anthropic: confirmed — Both quotes are supported verbatim: the Solana explorer token-extensions page shows 'Pausable Config / Enabled / Allows the token program to pause all interactions including transfers, mints, and burn
Key managementThe NVDAx Solana mint assigns mint authority to 7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj and freeze authority to JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs. The token grants an unidentified permanent delegate authority to transfer or burn holders' tokens.DisputedMore
The corpus identifies no signer owners, thresholds, key custody, or timelocks.
Sources · 3
Substantive claims cite evidence not present in the corpus.
explorer.solana.com ↗“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The explorer supports the stated mint authority, freeze authority, and the existence and powers of a permanent-delegate extension. However, it does not establish the multisig thresholds, sig | anthropic: unsupported — goal-fit: The SLOT QUESTION asks for multisig thresholds, signer identities/distribution, key custody, and timelocks for privileged actions. The fetched Solana explorer page confirms the factual sub-c
Bridge custodyCollateral sits in segregated accounts under a structure involving the issuer, custodians, and an independent security agent. The corpus identifies no bridge contracts, signers, or separately locked bridge collateral.UnverifiedMore
Sources · 2
docs.xstocks.fi ↗“The xStocks CCIP bridge allows movement between supported networks without selling and buying the asset.”
docs.xstocks.fi ↗“Collateral is held in segregated accounts under a three-party structure involving the issuer, custodians, and an independent security agent.”
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source supports general 1:1 collateral custody in segregated accounts involving the issuer, custodians, and an independent security agent, and confirms that a CCIP bridge moves xStocks a | anthropic: unsupported — goal-fit: Both claimed quotes are verbatim present in the fetched FAQ source (the CCIP bridge line and the three-party segregated-account structure), so the wording is accurate. But the SLOT QUESTION
CustodiansAlpaca Securities LLC and BitGo are identified as regulated custodians of NVDA shares. Custodians hold collateral in segregated accounts involving an independent security agent.DisputedMore
Kraken is not party to the custody agreement. The corpus does not name their regulators or charters.
Sources · 5
'LLC' unsupported; examples treated as exhaustive.
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”
kraken.com ↗“Ulkopuoliset talletuslaitokset suojaavat kaikki perustana olevat osakkeet siten kuin on sovittu säilytyssopimuksessa, jossa Kraken ei ole osapuolena.”
docs.xstocks.fi ↗“Collateral is held in segregated accounts under a three-party structure involving the issuer, custodians, and an independent security agent.”
docs.xstocks.fi ↗“The underlying securities are held with regulated custodians under a bankruptcy-remote structure.”
Verifier note: panel 0/2 confirmed (sourceDomains=4, disputed) | gpt: unsupported — goal-fit: The sources support Alpaca Securities LLC as NVDAx custodian, generic regulated/segregated custody, the independent-security-agent structure, and Kraken’s non-party status. They do not estab | anthropic: unsupported — Most components check out: rwa.xyz lists Alpaca Securities LLC (LEI 0001702580) as Custodian and Traditional Broker; xstocks docs state the underlying is held with 'regulated custodians' in a 'bankrup
If the issuer failsToken holders own no underlying NVIDIA shares and receive no shareholder rights. After issuer default, the security agent may control collateral accounts and distribute proceeds under prospectus terms.UnverifiedMore
The corpus identifies no senior claimants.
Sources · 4
docs.xstocks.fi ↗“In the event of issuer default, the security agent may assume control of the collateral accounts and distribute proceeds to token holders in accordance with the prospectus terms.”
docs.xstocks.fi ↗“Collateral is held in segregated accounts under a three-party structure involving the issuer, custodians, and an independent security agent.”
kraken.com ↗“xStockeihin sijoittavilla ei ole omistusoikeutta perustana oleviin osakkeisiin eikä äänestys- tai tiedonsaantioikeuksia eikä mitään muita oikeuksia, jotka perustana olevan osakkeen omistajalla olisi.”
kraken.com ↗“Sijoittaminen xStockeihin ei ole sama asia kuin jos sijoittaisit suoraan perustana olevaan osakkeeseen.”
Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources support that holders do not own NVIDIA shares or receive shareholder rights, and that a security agent may control segregated collateral accounts and distribute proceeds after de | anthropic: confirmed — goal-fit: the narrative directly answers the slot question (who controls assets on failure, what holders get, who else is ahead). Every material claim is supported by the union of sources. (1) 'Token
CompositionNVIDIA Corporation common shares held by a regulated third-party custodian fully collateralize NVDAx 1:1. Alpaca Securities LLC is the disclosed custodian.DisputedMore
Sources · 4
Value should read: NVIDIA Corporation common shares held by a regulated third-party/external custodian fully collateralize NVDAx 1:1, per Kraken xStocks disclosures. No custodian is named in the evidence.
Remove b26da5f8; only 49887b84, 7f01b56b, and 78c61b28 are valid supporting IDs for the 1:1 backing claim.
Confidence for the supported portion (1:1 NVIDIA share backing via regulated third-party custodian) is high; the custodian-name portion has zero support and should not be asserted at all.
Either omit the asOfDate or flag it as the retrieval date rather than a disclosure as-of date.
kraken.com ↗“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
kraken.com ↗“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
blog.kraken.com ↗“Your xStocks continue to be 1:1 backed by the underlying equities, and are available to be traded or withdrawn off the Kraken platform seamlessly.”
app.rwa.xyz ↗“Custodian
Legal Identifier
Alpaca Securities LLC
0001702580”
Verifier note: panel 1/2 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources support NVDAx being backed 1:1 by NVIDIA common shares held by a regulated third-party custodian, and RWA.xyz identifies Alpaca Securities LLC as custodian. However, the narrativ | anthropic: confirmed — goal-fit: The claim answers the SLOT QUESTION (what backs NVDAx and its composition) — it asserts 1:1 collateralization by NVIDIA Corporation common shares held by a regulated third-party custodian, a
How it worksEligible verified Kraken clients buy NVDAx using cryptocurrency, stablecoins, or US dollars. Holders gain or lose value with NVIDIA stock and may withdraw tokens to compatible wallets.DisputedMore
Holders exit by selling on Kraken or redeeming through Backed for an additional fee.
Sources · 5
Broaden to note NVDAx is a transferable SPL/ERC-20 token; Kraken is one venue, with secondary trading on other exchanges and DeFi.
kraken.com ↗“Avaa Kraken-sovellus ja vahvista kelpoisuutesi ja suorita tilin varmennuksen vaiheet.”
kraken.com ↗“Osta erilaisia tokenisoituja osakkeita käyttämällä kryptovaluuttaa, stablecoineja tai Yhdysvaltojen dollareita.”
kraken.com ↗“xStockit ovat sijoitus, joten voit kärsiä tappioita tai saada voittoa suhteessa perustana olevan osakkeen arvoon.”
kraken.com ↗“Voit nostaa NVDAx -tokeneitasi mihin tahansa yhteensopivaan lohkoketjulompakkoon.”
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
Verifier note: lost head-to-head to incumbent 4db6a4b9-5290-4779-bf44-fc134ea0d6dd: The incumbent directly covers acquisition, value accrual, and exit, while adding the specifically supported optional weekly Kraken holding rewards. Its cited evidence independently supports eligibility, payment methods, NVIDIA-linked value changes, weekly rewards, wallet withdrawal, Kraken sales, and fee-bearing Backed redemption.
Source documentsPrivacy notice: xStocks Privacy Notice, undated; https://xstocks.com/documents/xstocks-privacy-policy.pdf.UnverifiedMore
Sources · 1
xstocks.fi ↗“Our Privacy Notice, available at <u>[https://xstocks.com/documents/xstocks-privacy-policy.pdf](https://xstocks.com/documents/xstocks-privacy-policy.pdf)</u> ("**Privacy** **Notice**") governs our collection, processing and transfer of any Personal Data (as such term is defined in the Privacy Notice).”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The claimed privacy notice does not answer the slot question because “privacy notice” is not one of the requested document types (prospectus, terms, attestation, audit, or fact-sheet). Moreo | anthropic: confirmed — The archived xStocks Terms of Service verbatim references the Privacy Notice at the exact claimed URL (https://xstocks.com/documents/xstocks-privacy-policy.pdf) and names it the 'Privacy Notice,' conf
Source documentsIssuer documentation: Dividends and Stock Splits, date unavailable; https://docs.xstocks.fi/docs/dividends-and-stock-splits.DisputedMore
Sources · 1
States 'date unavailable,' but the sole cited evidence 547bca76 records the page was 'last updated 2 months ago' — a relative date (~June 2026 given the 2026-08-07 as-of) that was omitted.
Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source confirms the title and original xStocks Docs URL, but the claimed classification “Issuer documentation” is not one of the requested document types (prospectus, terms, attestation, | anthropic: confirmed — The SLOT QUESTION asks for document_<name> = type, date, and source URL. The claim gives type='Issuer documentation' (issuer-docs), date='unavailable', and the URL https://docs.xstocks.fi/docs/dividen
Source documentsLegal-documentation repository: Base Prospectus, Final Terms, and country restrictions; undated; https://assets.backed.fi/legal-documentation.UnverifiedMore
Sources · 2
xstocks.fi ↗“the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation”
backed.fi ↗“For a full list of prohibited and restricted countries and review of legal documentation, please visit, https://www.assets.backed.fi/legal-documentation .”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources confirm that the linked repository contains the Base Prospectus, related Final Terms, and country-restriction information, but the claim describes the repository as a whole. It d | anthropic: confirmed — Both cited sources are present in the archive and support the claim exactly. xStocks.fi states 'the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation'
Source documentsFinal terms: Backed Assets Final Terms Nr 19 (NVDAx), undated; listed at https://app.rwa.xyz/assets/NVDAx.UnverifiedMore
Sources · 2
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The RWA.xyz asset page labels the terms as “Backed Assets Final Terms Nr 19 (NVDAx),” but it is an aggregator page, not the original legal-terms document. The fetched content provides neithe | anthropic: confirmed — The archived RWA.xyz NVDAx page lists under the 'Legal & Regulatory' > 'Terms' field exactly 'Backed Assets Final Terms Nr 19 (NVDAx)', matching both claimed quotes verbatim. The claim characterizes t
OnboardingKraken buyers must open an account, confirm jurisdictional eligibility, and complete verification. Direct retail redemption requires issuer KYC.DisputedMore
Sources · 4
Evidence ID 32bf86c3 (cited for the Kraken account-opening step) is not in the provided corpus. The remaining IDs (096f0401, 8d85d45f, c1a3c7bc) support jurisdictional-eligibility and KYC but not the specific 'open an account' verification workflow as narrated.
kraken.com ↗“Avaa Kraken-sovellus ja vahvista kelpoisuutesi ja suorita tilin varmennuksen vaiheet.”
docs.xstocks.fi ↗“Retail users are legally permitted to redeem directly with the issuer, subject to KYC requirements and the $5,000 minimum transaction size.”
kraken.com ↗“In addition, you may be required to comply with additional requirements to open an account or use the services in the jurisdiction in which you are located.”
kraken.com ↗“Even if you meet the Conditions, we may, in our sole discretion, determine that you are not eligible to have an account or use the services .”
Verifier note: panel 1/2 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources support Kraken account creation, eligibility checks, account verification, and issuer KYC for direct retail redemption. However, the value omits the documented $5,000 issuer-rede | anthropic: confirmed — The slot question asks about KYC/KYB requirements (thresholds, turnaround to get whitelisted), and this claim is squarely about onboarding/verification requirements — goal-fit for the KYC-requirements
Who can hold/mintPrimary investment is limited to professional investors. Retail clients may redeem after KYC and buy through Kraken in eligible countries.DisputedMore
Sources · 5
RWA.xyz identifies professional investors as eligible for direct investment.
xStocks documentation permits retail users to redeem directly after KYC and meeting the $5,000 minimum.
docs.xstocks.fi ↗“Retail users are legally permitted to redeem directly with the issuer, subject to KYC requirements and the $5,000 minimum transaction size.”
kraken.com ↗“Vain Krakenin yksityisasiakkaat tietyissä maissa voivat ostaa xStocks-tuotteita, joihin NVDAx lukeutuu.”
docs.xstocks.fi ↗“xStocks are not marketed, offered, or solicited in the United States or in jurisdictions where such activity is prohibited.”
xstocks.fi ↗“Tokenized equities are NOT offered by us or by any affiliated entity of ours directly to the public.”
Verifier note: panel 1/3 confirmed (sourceDomains=3, disputed) | gpt: unsupported — The issuer FAQ and Kraken page support that retail users may redeem directly subject to KYC and a $5,000 minimum, and that Kraken retail customers in eligible countries may buy NVDAx. However, no qual | anthropic: confirmed — Each component maps to a source and directly answers the slot question (investor classes for direct mint/redeem vs secondary). (1) 'Primary investment is limited to professional investors' — RWA.xyz P | gpt: unsupported — The issuer FAQ supports retail direct redemption only subject to both KYC and a $5,000 minimum, while Kraken supports secondary purchases by retail clients only in certain permitted countries. The cla
Depeg / liquidityCrypto-market volatility can separate NVDAx's traded price from NVIDIA exposure. Primary-market issuance and redemption support price alignment through arbitrage.UnverifiedMore
Sources · 2
kraken.com ↗“Kryptomarkkinoiden arvaamaton luonne voi johtaa varojen menetykseen.”
docs.xstocks.fi ↗“xStocks enter and exit circulation through issuance and redemption interactions with the issuer “primary market”. This process enables the creation and removal of xStock tokens at the prevailing market price of the underlying equity, and supports price alignment between xStocks and their underlying assets.”
Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources support that primary-market issuance and redemption can align xStocks with underlying assets, but they do not identify crypto-market volatility as a cause of NVDAx price divergen | anthropic: unsupported — The two quotes are both accurately reproduced in the archived sources (Kraken's 'Kryptomarkkinoiden arvaamaton luonne voi johtaa varojen menetykseen.' and the xStocks issuance/redemption passage), so
Hack / smart contractPrivileged Solana authorities can freeze accounts, pause transfers, or permanently transfer and burn tokens. Compromise could disrupt or destroy holdings.DisputedMore
Sources · 5
All five cited evidence IDs (fa0c23d3, b2d2d1c0, dd2a9b6d, 83822bc7, c5169eaa) are absent from the provided evidence corpus. The specific claims that privileged Solana authorities can freeze accounts, pause transfers, or permanently transfer/burn tokens are therefore unverifiable against any supplied evidence.
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”
explorer.solana.com ↗“Allows the token program to pause all interactions including transfers, mints, and burns”
Verifier note: lost head-to-head to incumbent d1707b6b-18dc-45a2-9588-f2893c8ba9ad: The incumbent directly identifies NVDAx and specifies a broader, evidence-supported Solana attack surface: mint, freeze, pause, permanent-delegate, and transfer-hook authority risks. The new claim omits the named asset and transfer-hook risk, and its assertion that authorities can permanently transfer tokens is less precise than its cited evidence, which describes a permanent authority able to transfer or burn them.
Underlying / economicNVDAx holders gain or lose with NVIDIA stock. Investors can lose their entire invested capital.UnverifiedMore
Sources · 3
kraken.com ↗“xStockit ovat sijoitus, joten voit kärsiä tappioita tai saada voittoa suhteessa perustana olevan osakkeen arvoon.”
kraken.com ↗“Kyllä. Kun sijoitat xStockeihin, kuten NVDAx, pääomaasi kohdistuu riski ja voit menettää koko summan, jonka olet sijoittanut mihin tahansa ostamaasi xStockiin.”
xstocks.fi ↗“The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results.”
Verifier note: lost head-to-head to incumbent 5d6612ac-f08e-4cc8-8332-cf5ded0f456c: The incumbent directly links NVDAx’s tracked value to a specific deterioration risk in NVIDIA’s underlying business: additional export controls affecting named H20 products during Fiscal 2026. NVIDIA’s own SEC filing supports that concrete risk. The new claim establishes only generic price exposure and possible total loss, without identifying any business or yield-source deterioration that would cause the loss.
Exit pathsKraken holders can sell NVDAx for dollars, cryptocurrencies, or stablecoins. Kraken supports trading 24 hours daily, five days weekly.UnverifiedMore
Sources · 2
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
kraken.com ↗“niillä voidaan käydä kauppaa ympäri vuorokauden viitenä päivänä viikossa niillä maantieteellisillä alueilla, joissa näitä tuotteita on saatavana.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source confirms that holders may sell NVDAx on Kraken for U.S. dollars, cryptocurrencies, or stablecoins, and separately states 24/5 trading availability. However, the required exit-path | anthropic: confirmed — goal-fit: the claim describes the Kraken-sale exit path (method: sell NVDAx for USD, crypto, or stablecoins directly on Kraken) plus its trading availability, which answers the method portion of the r
Exit pathsBacked directly redeems tokens after KYC. The minimum is $5,000.DisputedMore
Fees equal 0.50% of market price, minimum $100. Timing and caps remain undisclosed.
Sources · 3
Value states 'Timing and caps remain undisclosed,' which is accurate, but the RWA page evidence for the subscription side (060ee847 'Subscription Time Daily', 06886160 base assets USD) is not leveraged to note the primary-market operates on a daily cadence — a possible directional hint for redemption processing that is left entirely unaddressed.
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
docs.xstocks.fi ↗“Retail users are legally permitted to redeem directly with the issuer, subject to KYC requirements and the $5,000 minimum transaction size.”
app.rwa.xyz ↗“Redemption fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: panel 0/2 confirmed (sourceDomains=3, disputed) | gpt: contradicted — The issuer FAQ supports direct issuer redemption for retail users after KYC and a $5,000 minimum. However, it expressly discloses issuer redemption availability as 24/5, aligned with underlying U.S. m | anthropic: contradicted — Most components check out: rwa.xyz lists the issuer as Backed Assets, and the xStocks issuer FAQ confirms retail users may redeem directly with the issuer subject to KYC and a $5,000 minimum transacti
Admin powersThe Solana mint enables permanent-delegate transfers and burns, default-frozen accounts, global pausing, and custom transfer-hook logic.UnverifiedMore
Sources · 4
explorer.solana.com ↗“### Permanent Delegate
Enabled
Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
explorer.solana.com ↗“### Default Account State
Enabled
Enables the authority to make new token accounts as frozen by default upon creation”
explorer.solana.com ↗“### Pausable Config
Enabled
Allows the token program to pause all interactions including transfers, mints, and burns”
explorer.solana.com ↗“### Transfer Hook
Enabled
Allow the token program to execute custom instruction logic on every token transfer”
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source confirms that the mint has permanent-delegate, default-account-state, pausable-config, and transfer-hook extensions with the stated capabilities. However, the claim does not ident | anthropic: unsupported — goal-fit: The four enumerated capabilities (permanent-delegate transfers/burns, default-frozen accounts, global pausing, custom transfer-hook logic) are each fully and accurately supported by the Sola
NetworksIssuer documentation also identifies native xStocks issuance on TON and other EVM-compatible networks.UnverifiedMore
Sources · 3
docs.xstocks.fi ↗“The multiplier concept works consistently across all blockchains where xStocks are available—Solana, Ethereum (and other EVM chains), and TON.”
xstocks.fi ↗“Ethereum
Solana
BNB Smart Chain
Mantle
TON
Ink
More Coming Soon”
docs.xstocks.fi ↗“xStocks are issued natively on Ethereum, Solana, Arbitrum, Mantle, TON, Ink, and other EVM-compatible networks.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The issuer documentation explicitly supports native issuance on TON and other EVM-compatible networks, but the claim does not list every documented chain as required. The FAQ identifies Ethe | anthropic: confirmed — The issuer FAQ (docs.xstocks.fi/docs/frequently-asked-questions) states verbatim: 'xStocks are issued natively on Ethereum, Solana, Arbitrum, Mantle, TON, Ink, and other EVM-compatible networks.' This
AuditsGrant Thornton Cayman serves as NVDAx auditor; the evidence does not specify scope or audit date.UnverifiedMore
Sources · 1
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source identifies Grant Thornton (Cayman) as NVDAx's auditor, but it provides neither the audit scope nor an audit date. Therefore, it does not answer the slot question requiring one aud | anthropic: unsupported — goal-fit: The source confirms the auditor identity ('Auditor: Grant Thornton (Cayman)'), so the bare fact is evidence-supported. But the SLOT QUESTION requires audits_<firm> = scope + date (fund audit
Transfer restrictionsSecondary transfers are permissionless, but issuance and redemption require whitelisted wallets.UnverifiedMore
Sources · 2
xstocks.fi ↗“xStocks are permissionless and freely transferable.”
docs.xstocks.fi ↗“Once onboarded, wallet addresses must be whitelisted before interacting with the issuance or redemption infrastructure. Only whitelisted wallets may interact with the platform.”
Verifier note: lost head-to-head to incumbent 62e03dac-2d9e-49c6-a28c-668152f47353: The incumbent directly addresses all three aspects: purchase restrictions by client type and supported country, a named on-chain freeze authority with default-frozen account capability, and transfer-hook logic on every transfer. Its evidence is more specific and comprehensive than the new claim, which addresses transfer permissionlessness and issuance/redemption whitelisting but provides no freeze or jurisdiction details.
VehicleBacked Assets (JE) Limited, a Jersey private limited company, legally issues xStocks.UnverifiedMore
Sources · 2
xstocks.fi ↗“xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company)”
app.rwa.xyz ↗“Domicile
Jersey, Channel Islands
Regulatory Framework
Liechtenstein Blockchain Act
FMA - Liechtenstein Financial Market Authority
Dispute Resolution Country
Jersey, Channel Islands”
Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources state that Backed Assets (JE) Limited is a Jersey private limited company and issues xStocks, but they do not establish that this company is the legal wrapper protecting holders | anthropic: confirmed — The xstocks.fi footer states verbatim: 'xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company)', directly supporting the issuing legal vehicle and its Jersey private limit
RegimePayward Digital Solutions Ltd. offers xStocks to eligible customers under a Bermuda Monetary Authority digital-asset license.UnverifiedMore
Sources · 1
xstocks.fi ↗“offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority.”
Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — The xStocks website states that xStocks are offered to eligible Kraken customers via PDSL and that PDSL is licensed by the Bermuda Monetary Authority to conduct digital-asset business. However, the sl | anthropic: confirmed — The archived xstocks.fi disclaimer states verbatim that xStocks are 'offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset busin | gpt: unsupported — The source states that PDSL offers xStocks to eligible Kraken customers, while EU/EEA customers are served through PEDLS-CY. The unqualified claim that PDSL offers xStocks to “eligible customers” omit
Reserve compositionReserves comprise 100% NVIDIA Corporation Common Stock, backing NVDAx 1:1 through a regulated external custodian. The valuation basis and dated reserve attestation remain undisclosed.UnverifiedMore
Sources · 4
kraken.com ↗“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
kraken.com ↗“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
kraken.com ↗“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources support NVIDIA common stock as the sole stated backing, 1:1 token-to-share backing, and custody by a regulated external custodian. The narrative also appropriately identifies the | anthropic: confirmed — The claim answers the SLOT QUESTION: it names the reserve asset class (100% NVIDIA Corporation Common Stock), its share (1:1 / full backing), and flags valuation basis and dated attestation as undiscl
Service providersAlpaca Securities LLC; Grant Thornton (Cayman); Maerki Baumann & Co. AG; Payward Europe Digital Solutions (CY) Ltd.; Payward Digital Solutions Ltd.UnverifiedMore
Sources · 5
app.rwa.xyz ↗“Custodian
Legal Identifier
Alpaca Securities LLC
0001702580”
kraken.com ↗“xStocks-tuotteita tarjotaan ETA-alueen asiakkaille Payward Europe Digital Solutions (CY) Ltd:n kautta.”
kraken.com ↗“Payward Digital Solutions Ltd., an exempted company limited by shares, incorporated in Bermuda with registered number 202403268 and registered address at Park Place, 55 Par-la-Ville Road, Hamilton, Pembroke, HM11, Bermuda, for those services set forth in Annex J.”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The RWA.xyz content directly identifies Alpaca Securities LLC as custodian, Grant Thornton (Cayman) as auditor, and Maerki Baumann & Co. AG as paying agent. The Kraken sources identify Paywa | anthropic: confirmed — Each named service provider appears verbatim in the cited sources. The rwa.xyz NVDAx page lists 'Custodian ... Alpaca Securities LLC 0001702580', 'Auditor Grant Thornton (Cayman)', and 'Paying Agent M
Launched2025-06-20UnverifiedMore
Sources · 1
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited aggregator states an “Inception Date” of 06/20/2025, but it does not state that the token/product launched on that date. No qualifying blog announcement or issuer documentation est | anthropic: confirmed — The archived RWA.xyz page for NVIDIA xStock (NVDAx) lists 'Inception Date 06/20/2025' under Key Facts, which directly corresponds to the claimed launch_date of 2025-06-20. Inception date for a tokeniz
What the issuer doesBacked Assets issues NVDAx within the xStocks tokenized-equity range. xStocks expanded Backed's bToken model into over 55 tokenized stocks and ETFs.UnverifiedMore
Sources · 3
app.rwa.xyz ↗“Issuer
Backed Assets
Issuer LEI
984500001AB7C6C7F577”
backed.fi ↗“Backed is thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps.”
backed.fi ↗“xStocks are the next evolution of bTokens — same underlying exposure, now with greater liquidity, adoption, and onchain utility.”
Verifier note: registry: superseded
Legal entityBacked AssetsUnverifiedMore
Sources · 1
app.rwa.xyz ↗“Issuer
Backed Assets
Issuer LEI
984500001AB7C6C7F577”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited aggregator labels the issuer as “Backed Assets,” but it does not provide the issuer’s full legal entity name required by this slot, such as “Backed Assets (JE) Ltd.” No qualifying | anthropic: confirmed — The archived RWA.xyz asset page for NVDAx contains a 'Legal & Regulatory' section with the field 'Issuer' whose value is stated verbatim as 'Backed Assets', matching the claimed issuer_entity exactly,
Holdings100% NVIDIA Corporation common stock exposure; one custodied share backs each token. The corpus provides no dated holdings report.UnverifiedMore
Sources · 2
kraken.com ↗“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
kraken.com ↗“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source states that each NVDAx token is linked 1:1 to real NVIDIA common shares and that xStocks are fully collateralized by custodied traditional shares. However, it provides no dated ho | anthropic: unsupported — The two claimed quotes appear verbatim in the archived Kraken FAQ, and they do support the descriptive backing: each NVDAx token is pegged 1:1 to real NVIDIA Corporation Common Stock held by a regulat
Collateralization100%UnverifiedMore
Sources · 2
kraken.com ↗“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
kraken.com ↗“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The archived page explicitly states 1:1 backing and full collateralization by underlying shares held by a regulated third-party custodian, supporting a disclosed 100% backing ratio. However, | anthropic: confirmed — The source states each NVDAx token is pegged 1:1 to real NVIDIA shares held by a third-party custodian ('sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin') and that all xSt
Yield mechanicsEligible Kraken clients must opt in to receive weekly rewards paid as additional units of the same xStock.DisputedMore
Sources · 4
Separate the two: state the token itself accumulates (does not distribute) income, and note the Opt-In Rewards is a distinct, optional Kraken-platform program.
blog.kraken.com ↗“With Opt-In Rewards, we reward you on a weekly basis for holding those xStocks on the platform.”
blog.kraken.com ↗“Receive rewards paid in the same xStock you hold, so your position steadily grows over time”
blog.kraken.com ↗“Opt-in Rewards on xStocks are offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority.”
Verifier note: lost head-to-head to incumbent 4b3f33ac-08c9-4039-97a5-18f55b0b066f: The incumbent directly specifies the required opt-in step, weekly frequency, payment in NVDAx, and token-quantity growth rather than NAV accrual. Its cited evidence supports each mechanism, and it is more specific than the new claim’s generic reference to the same xStock.
Yield sourceNVDAx economics primarily reflect NVIDIA share-price changes. Kraken separately offers weekly Opt-In Rewards, but the corpus does not disclose their funding source.UnverifiedMore
Sources · 3
kraken.com ↗“xStockit ovat sijoitus, joten voit kärsiä tappioita tai saada voittoa suhteessa perustana olevan osakkeen arvoon.”
blog.kraken.com ↗“With Opt-In Rewards, we reward you on a weekly basis for holding those xStocks on the platform.”
blog.kraken.com ↗“Outside of dividend payments, which are limited to certain stocks and ETFs, most equities generally sit idle in brokerage accounts even as the broader financial system becomes more programmable and dynamic.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The sources support that NVDAx tracks NVIDIA share-price changes and that Kraken separately pays weekly Opt-In Rewards. However, they do not identify the rewards’ economic funding source or | anthropic: confirmed — The slot concerns where NVDAx yield economically originates and who captures spread. The narrative answers this directly and honestly. Material claim 1 — NVDAx economics primarily reflect NVIDIA share
Structure & qualityNVDAx has concentrated, single-name exposure to NVIDIA Corporation common stock.UnverifiedMore
Sources · 2
kraken.com ↗“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
kraken.com ↗“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: lost head-to-head to incumbent 4cb29b25-b096-4bc9-a811-9404af9ade57: The incumbent directly addresses the full slot by identifying complete concentration in NVIDIA Corporation Common Stock and explicitly covering the absence of disclosed duration, maturity, and credit rating. Its own evidence supports the 1:1 single-name equity backing. The new claim addresses concentration only and is therefore less complete.
Underlying issuerNVIDIA CorporationUnverifiedMore
Sources · 1
sec.gov ↗“NVIDIA CORP ORATION
(Exact name of registrant as specified in its charter)
Delaware 94-3177549”
Verifier note: lost head-to-head to incumbent 20d99bbd-99a2-4cbf-930b-dc84c43b2a33: Both claims directly provide the identical legal entity name, NVIDIA Corporation, and each has SEC evidence supporting it. Because claim quality is tied, the incumbent wins under the stated tie-break rule.
Holder's claimA token with no ownership or shareholder rights in the underlying NVIDIA shares.UnverifiedMore
Sources · 2
kraken.com ↗“Näin ollen tokenisoidun NVIDIA (NVDAx) -tuotteen omistajilla ei ole omistajan oikeuksia kunkin tokenin perustana olevaan osakkeeseen nähden, eikä heillä ole oikeutta saada mitään tietoja kyseisen yrityksen osakkeen liikkeellelaskijalta.”
kraken.com ↗“xStockeihin sijoittavilla ei ole omistusoikeutta perustana oleviin osakkeisiin eikä äänestys- tai tiedonsaantioikeuksia eikä mitään muita oikeuksia, jotka perustana olevan osakkeen omistajalla olisi.”
Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited Kraken page supports that NVDAx holders do not own the underlying NVIDIA shares and lack shareholder, voting, and information rights. However, it does not establish the affirmative | anthropic: confirmed — The slot asks what the holder legally owns; the claim asserts the token conveys no ownership or shareholder rights in the underlying NVIDIA shares. The archived Kraken NVDAx page supports this verbati
CategoryTokenized-equityUnverifiedMore
Sources · 2
app.rwa.xyz ↗“Platform
xStocks
Tokenization Type
Distributed
Type
Equity”
kraken.com ↗“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
Verifier note: lost head-to-head to incumbent 865bc0f1-a45a-4ce2-a357-03b2c23c50bf: Both claims directly classify NVDAx as tokenized equity, but the incumbent's own evidence is more specific: it identifies NVIDIA Corporation Common Stock, states a 1:1 backing ratio, and specifies that the underlying shares are held by a third-party custodian. With equal classification and stronger supporting detail, the incumbent wins.
What it isNVDAx is an xStocks tokenized-equity product representing NVIDIA Corporation common stock. Each token is backed 1:1 by custodied NVIDIA shares.UnverifiedMore
Holders gain indirect economic exposure but receive no ownership, voting, information, or other shareholder rights.
Sources · 3
kraken.com ↗“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita. Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
kraken.com ↗“NVDAx on xStocks-tuote. Kaupankäynti näillä tuotteilla mahdollistaa epäsuorat sijoitukset pörssinoteerattujen yritysten osakkeisiin, mutta ilman omistusta perustana olevasta NVIDIA Corporation Common Stock -osakkeesta.”
kraken.com ↗“xStockeihin sijoittavilla ei ole omistusoikeutta perustana oleviin osakkeisiin eikä äänestys- tai tiedonsaantioikeuksia eikä mitään muita oikeuksia, jotka perustana olevan osakkeen omistajalla olisi.”
Verifier note: lost head-to-head to incumbent 926f5146-b25b-4b5d-af78-f079397c08fe: The incumbent directly addresses the token, holder rights, and backing, while adding the specifically supported redemption right through Backed and regulated third-party custody. Its cited evidence supports each material statement, making it more specific than the new claim’s general description of indirect economic exposure.
Source documentsEach xStock has a base prospectus specifying investment fees; date and original-source URL are unstated.UnverifiedMore
Sources · 1
kraken.com ↗“kaikista xStockeihin tehtävistä sijoituksista peritään maksu kunkin xStockin perusesitteessä esitetyllä tavalla.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The Kraken product page states that fees are charged as described in each xStock's base prospectus, but it does not identify a specific prospectus, provide its date, or give an original-sour | anthropic: confirmed — The archived Kraken NVDAx page contains the claimed quote verbatim in the redemption FAQ: "kaikista xStockeihin tehtävistä sijoituksista peritään maksu kunkin xStockin perusesitteessä esitetyllä taval
Source documentsKraken published its xStocks Opt-In Rewards announcement on April 2, 2026.UnverifiedMore
Sources · 2
blog.kraken.com ↗“Your xStocks continue to be 1:1 backed by the underlying equities, and are available to be traded or withdrawn off the Kraken platform seamlessly.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited Kraken page supports that the xStocks Opt-In Rewards announcement is dated April 2, 2026, and contains the quoted 1:1-backing statement. However, a product announcement is not one | anthropic: confirmed — The archived page at the cited URL displays the byline date "April 2, 2026" for the article titled "Introducing xStocks Opt-In Rewards," confirming Kraken published this announcement on that date. Bot
Source documentsThe xStocks terms state that Backed Finance and affiliates do not offer tokenized equities directly to the public.UnverifiedMore
Sources · 1
xstocks.fi ↗“Tokenized equities are NOT offered by us or by any affiliated entity of ours directly to the public.”
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited legal terms explicitly state that tokenized equities are not offered by Backed Finance or its affiliates directly to the public, but the claim does not answer the slot question, wh | anthropic: unsupported — goal-fit: The quote is verbatim-accurate — Section 7.1 of the terms states "Tokenized equities are NOT offered by us or by any affiliated entity of ours directly to the public" — so the claim is factu
Source documentsBacked publishes legal documentation and prohibited-country lists through its original legal-documentation library.UnverifiedMore
Sources · 1
backed.fi ↗“For a full list of prohibited and restricted countries and review of legal documentation, please visit, https://www.assets.backed.fi/legal-documentation .”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited Backed article confirms that a legal-documentation library exists and directs readers there for legal documents and prohibited/restricted-country lists, but it does not identify on | anthropic: confirmed — The archived press release contains the exact claimed quote verbatim: "For a full list of prohibited and restricted countries and review of legal documentation, please visit, https://www.assets.backed
ConcentrationNVDAx concentrates economic exposure in one company, NVIDIA, while third-party custody concentrates operational dependence.DisputedMore
Sources · 2
Drop the custody-concentration clause or re-cite the single-issuer point to present evidence.
kraken.com ↗“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
app.rwa.xyz ↗“Custodian
Legal Identifier
Alpaca Securities LLC
0001702580”
Verifier note: lost head-to-head to incumbent 83e2b3f7-591d-4172-863c-49ef1bbe32c6: The incumbent directly identifies the dependency concentration: each NVDAx token is backed 1:1 by one NVIDIA share held by a regulated third-party custodian. Its cited evidence expressly supports both the 1:1 relationship and custodial dependence, whereas the new claim's assertion of concentrated operational dependence is not directly established by its custodian listing.
RegulatoryJurisdictional restrictions and uneven regulation can remove access and leave holders without governmental compensation or regulatory safeguards.UnverifiedMore
Sources · 3
kraken.com ↗“Jotkin kryptotuotteet ja -markkinat ovat säätelemättömiä. Krakenin eri tuotteiden ja palvelujen sääntelyn tila vaihtelee lainkäyttöalueittain, eikä sinulla välttämättä ole valtion myöntämien korvausten tai sääntelyyn perustuvien suojatoimien antamaa turvaa.”
kraken.com ↗“Krakenin eri tuotteiden ja palvelujen sääntelyn tila vaihtelee lainkäyttöalueittain, eikä sinulla välttämättä ole valtion myöntämien korvausten tai sääntelyyn perustuvien suojatoimien antamaa turvaa.”
kraken.com ↗“Maantieteellisiä rajoituksia saatetaan soveltaa.”
Verifier note: lost head-to-head to incumbent 130c7c88-84bf-496b-bc1e-8ff18545fb41: The incumbent directly addresses registration status and regulatory approval, naming HSBC, SEC and state securities commissions, Rule 433, Registration No. 333-277211, and June 18, 2026, with precise SEC-filed evidence. The new claim addresses geographic restrictions and absent protections but is comparatively vague about jurisdictions, restricted investors, specific regulatory actions, and holder impact.
In-kind redemptionThe corpus does not establish redemption into registered NVIDIA shares or any physical commodity.DisputedMore
Sources · 2
Re-cite to 992c4705 for the no-underlying-share-ownership basis.
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
kraken.com ↗“Näin ollen tokenisoidun NVIDIA (NVDAx) -tuotteen omistajilla ei ole omistajan oikeuksia kunkin tokenin perustana olevaan osakkeeseen nähden, eikä heillä ole oikeutta saada mitään tietoja kyseisen yrityksen osakkeen liikkeellelaskijalta.”
Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The corpus supports only that holders may redeem xStocks through Backed for an additional fee; it does not identify any physical commodity, state whether redemption produces registered NVIDI | anthropic: contradicted — The FAQ directly addresses redemption. Under "Voinko lunastaa ostamiani tokenisoituja NVIDIA -tuotteita perustana oleviksi osakkeiksi?" (Can I redeem my tokenized NVIDIA products into the underlying s
Exit pathsKraken holders can withdraw NVDAx to compatible blockchain wallets; withdrawal is not disclosed as direct share redemption.UnverifiedMore
Sources · 2
kraken.com ↗“Voit nostaa NVDAx -tokeneitasi mihin tahansa yhteensopivaan lohkoketjulompakkoon.”
blog.kraken.com ↗“Your xStocks continue to be 1:1 backed by the underlying equities, and are available to be traded or withdrawn off the Kraken platform seamlessly.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: contradicted — The wallet-withdrawal method is supported: Kraken states that NVDAx can be withdrawn to any compatible blockchain wallet. However, the same NVDAx page expressly discloses a separate path to redeem xSt | anthropic: confirmed — The claim asserts (1) Kraken holders can withdraw NVDAx to compatible blockchain wallets, and (2) that this withdrawal is not disclosed as direct share redemption. Both cited quotes are verbatim-accur
Exit pathsToken holders can redeem through Backed for an additional fee; disclosed timing, minimums, caps, and fee amounts remain unspecified.DisputedMore
Sources · 2
Downgrade to fee-on-investment fact (79022b20) or mark the Backed redemption path unverified.
kraken.com ↗“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
kraken.com ↗“kaikista xStockeihin tehtävistä sijoituksista peritään maksu kunkin xStockin perusesitteessä esitetyllä tavalla.”
Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — The Kraken page supports only that token holders may redeem xStocks through Backed for an additional fee. It does not establish the complete redemption-path fact required by the slot: no settlement ti | anthropic: confirmed — The archived Kraken NVDAx page (Finnish) states verbatim: 'Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta)...' — i.e., token holders can redeem their xStocks | gpt: unsupported — goal-fit: The Kraken page states that token holders can redeem xStocks through Backed for an additional fee, so the narrow statement is reproduced. However, it does not provide the settlement timing,
Canonical deploymentSolana hosts a Token-2022 issuance at mint Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh.UnverifiedMore
Sources · 3
Verifier note: lost head-to-head to incumbent 83e91502-7ffb-43b7-8781-c73d5076604d: The incumbent directly answers every part of the slot: Solana is the canonical chain, it gives the exact mint, and it explicitly classifies the instance as a native Token-2022 issue rather than bridged. Its own evidence supports the native designation, mint address, token standard, and NVIDIA xStock identity. The new claim gives the mint and Token-2022 issuance but does not itself clearly state the canonical-chain or native-versus-bridged conclusion.
Operating historyBacked evolved its bTokens into xStocks while retaining the same underlying exposure. NVDAx began on June 20, 2025.UnverifiedMore
Kraken later introduced optional weekly xStock rewards, but the corpus provides no announcement date.
Sources · 3
backed.fi ↗“xStocks are the next evolution of bTokens — same underlying exposure, now with greater liquidity, adoption, and onchain utility.”
blog.kraken.com ↗“With Opt-In Rewards, we reward you on a weekly basis for holding those xStocks on the platform.”
Verifier note: panel 0/3 confirmed (sourceDomains=3) | gpt: contradicted — The sources support the evolution of bTokens into xStocks with the same underlying exposure, NVDAx’s June 20, 2025 inception date, and weekly opt-in rewards. However, the claim that the corpus provide | anthropic: contradicted — The bTokens-to-xStocks evolution and same underlying exposure are supported by the Backed article ('xStocks are the next evolution of bTokens — same underlying exposure...'), and NVDAx's 06/20/2025 in | kimi: contradicted — Two of three sub-claims hold: the backed.fi page contains 'xStocks are the next evolution of bTokens — same underlying exposure' (in the archived page content) and rwa.xyz lists NVDAx Inception Date 0
Token extensions3 Sensitive extensionsUnverifiedMore
Sources · 1
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
Verifier note: lost head-to-head to incumbent a27ea24f-02e0-4dca-8d1a-d9b7c9ee5dfa: The new claim directly lists three named security-relevant Token-2022 extensions and their observed configuration, while the incumbent only gives a vague count. Both cite equally weak evidence with no quote, so the new claim is more specific.
Issuer ownershipBacked announced that it became part of Kraken on December 2, 2025.UnverifiedMore
Sources · 2
backed.fi ↗“Backed Joins Kraken
We become part of Kraken to push tokenized equities to the next stage
December 2, 2025”
backed.fi ↗“We become part of Kraken to push tokenized equities to the next stage”
Verifier note: sibling-consistency: superseded by STRCx evidence
CustodianAlpaca Securities holds the backing shares under a custody arrangement that excludes Kraken.DisputedMore
Sources · 2
Remove unless custody and failure-impact evidence is supplied.
app.rwa.xyz ↗“Custodian
Legal Identifier
Alpaca Securities LLC
0001702580”
kraken.com ↗“Ulkopuoliset talletuslaitokset suojaavat kaikki perustana olevat osakkeet siten kuin on sovittu säilytyssopimuksessa, jossa Kraken ei ole osapuolena.”
Verifier note: lost head-to-head to incumbent 59672b84-8dc1-44ac-9980-a5843fee064d: The incumbent directly answers the failure-risk slot by stating that failure of the named custodian, Alpaca Securities, could impair the NVIDIA shares backing NVDAx. Its evidence identifies Alpaca Securities LLC and legal identifier 0001702580 as custodian and confirms that third-party custodians safeguard the underlying shares under an agreement excluding Kraken. The new claim describes the custody arrangement but does not state the consequence of provider failure.
Key peopleMark Greenberg is Kraken’s Global Head of Consumer and is publicly tied to xStocks rewards, not Backed’s legal issuer.UnverifiedMore
Sources · 1
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The Kraken announcement supports that Mark Greenberg is Kraken’s Global Head of Consumer and publicly ties him to xStocks Opt-In Rewards, which answers the slot question. However, it does no | anthropic(sub:gpt): unsupported — goal-fit: The Kraken announcement supports that Mark Greenberg is Kraken’s Global Head of Consumer and publicly ties him to xStocks Opt-In Rewards, which answers the key-people slot. It does not estab [duplicate actual family allowed by substitution]
Credit / counterpartyNVDAx depends on Alpaca Securities holding the NVIDIA shares that collateralize each token.DisputedMore
Sources · 2
Unsupported and overlaps risk_custodian; not a genuine credit disclosure.
app.rwa.xyz ↗“Custodian
Legal Identifier
Alpaca Securities LLC
0001702580”
kraken.com ↗“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: lost head-to-head to incumbent df757102-e0cc-4da5-a45b-3c05d74c541b: The new claim directly identifies HSBC USA Inc. as the counterparty whose failure threatens all payments and precisely characterizes holders' exposure as senior unsecured issuer credit risk. Its cited SEC evidence expressly supports the payment obligation, unsecured status, and absence of FDIC insurance or bank guarantees. The incumbent identifies Alpaca Securities LLC as custodian but does not establish from its evidence the legal nature or consequences of Alpaca's failure for holders.
Source documentsSolana Explorer contract record, accessed 2026-08-04: https://explorer.solana.com/address/Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh/token-extensionsUnverifiedMore
Sources · 1
explorer.solana.com ↗“### Token-2022 Mint
Refresh Raw Download
Address Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh”
Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited Solana Explorer page supports that the address is a Token-2022 mint, but the claim does not provide the key document’s required type (prospectus/terms/attestation/audit/fact-sheet) | anthropic: unsupported — goal-fit: The slot question asks for a key document classified as one of {prospectus/terms/attestation/audit/fact-sheet} with a date and original-source URL. While the archived Solana Explorer page do | kimi: unsupported — goal-fit: the slot requires key documents of type prospectus/terms/attestation/audit/fact-sheet with a date and source URL. The claimed 'document' is a Solana Explorer on-chain Token-2022 mint record,
Source documentsFinal terms, date undisclosed, original-source URL unavailable in the corpus; titled Backed Assets Final Terms Nr 19 (NVDAx).DisputedMore
Sources · 1
Unverifiable.
Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — The fetched rwa.xyz page for NVDAx contains, under the 'Legal & Regulatory' > 'Terms' field, the exact string 'Backed Assets Final Terms Nr 19 (NVDAx)', matching the claimed quote verbatim. This estab | kimi: unsupported — goal-fit: the slot requires one fact per key document giving type, date, and the URL at the original source; the claim itself concedes date undisclosed and original-source URL unavailable, so it does
Source documentsProduct page, date undisclosed, https://www.kraken.com/mx/xstocks/nvdaxDisputedMore
Sources · 3
Internal inconsistency across slots.
kraken.com ↗“Hyväksytyt asiakkaat voivat nyt sijoittaa tokenisoituihin osakkeisiin ja ETF:iin. Lataa Kraken-sovellus, niin pääset alkuun.”
kraken.com ↗“Kun sijoitat xStockeihin, kuten NVDAx, pääomaasi kohdistuu riski ja voit menettää koko summan, jonka olet sijoittanut mihin tahansa ostamaasi xStockiin.”
kraken.com ↗“xStockit ovat sijoitus, joten voit kärsiä tappioita tai saada voittoa suhteessa perustana olevan osakkeen arvoon.”
Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — goal-fit: The archived content is genuinely this Kraken NVDAx page and all three quoted passages appear verbatim in it, so the quotes themselves are supported. However, the SLOT QUESTION requires each | kimi: confirmed — The archived snapshot is exactly the Kraken NVDAx product page at the claimed URL (kraken.com/mx/xstocks/nvdax), containing product description, FAQ, and risk disclosures — consistent with the claimed
Issuer failureNVDAx gives holders indirect NVIDIA exposure without ownership, voting, information, or other shareholder rights.DisputedMore
Sources · 3
Wrong slot and unsupported; issuer-failure/what-survives is unanswered.
kraken.com ↗“NVDAx on xStocks-tuote. Kaupankäynti näillä tuotteilla mahdollistaa epäsuorat sijoitukset pörssinoteerattujen yritysten osakkeisiin, mutta ilman omistusta perustana olevasta NVIDIA Corporation Common Stock -osakkeesta.”
kraken.com ↗“Näin ollen tokenisoidun NVIDIA (NVDAx) -tuotteen omistajilla ei ole omistajan oikeuksia kunkin tokenin perustana olevaan osakkeeseen nähden, eikä heillä ole oikeutta saada mitään tietoja kyseisen yrityksen osakkeen liikkeellelaskijalta.”
kraken.com ↗“xStockeihin sijoittavilla ei ole omistusoikeutta perustana oleviin osakkeisiin eikä äänestys- tai tiedonsaantioikeuksia eikä mitään muita oikeuksia, jotka perustana olevan osakkeen omistajalla olisi.”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited Kraken page supports that NVDAx provides indirect NVIDIA exposure without ownership, voting, information, or other underlying-shareholder rights. However, this describes the ordina | anthropic: unsupported — goal-fit: The SLOT QUESTION asks what holders lose and what survives if the issuer itself fails, is fraudulent, or walks away (counterparty/insolvency risk). The claim instead describes the nature of | kimi: unsupported — evidence class mismatch. The claim's substance (indirect exposure; no ownership, voting, information, or other shareholder rights) is accurately reflected on the Kraken NVDAx product page, but that pa
Exit pathsToken holders can exit through Raydium or Jupiter swaps on Solana, subject to available market liquidity.DisputedMore
Sources · 2
Overreach; evidence shows secondary trading occurred, not a redemption mechanism.
explorer.solana.com ↗“Associated Token Program: Create Idempotent Jupiter: Route Token Program: Transfer Checked”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited transaction-history snippets show successful Raydium and Jupiter-labeled instructions involving the token, but they do not establish that token holders can exit, identify the swaps | anthropic: unsupported — goal-fit: The slot demands, per disclosed exit path, method + settlement timing + minimum + caps/gates + fee. The claim only asserts that holders can swap on Raydium/Jupiter 'subject to available mark | kimi: unsupported — The archived explorer history shows one successful "Raydium Clmm: Swap V2" and one "Jupiter: Route" transaction touching the token's address, which establishes that the token appears in Raydium/Jupite
Unilateral changesThe token program permits its authority to update the multiplier that scales displayed token amounts.UnverifiedMore
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: unsupported — goal-fit: The explorer confirms that the mint uses an updatable UI-display multiplier, but it does not answer what the issuer may change without holder consent under its legal terms. The cited materia | anthropic: unsupported — evidence class mismatch | kimi: unsupported — evidence class mismatch
Minimum investment1000UnverifiedMore
Sources · 1
sec.gov ↗“|Principal Amount|$1,000 per Note|”
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: “$1,000 per Note” states the principal amount or denomination of each Note, not a minimum initial subscription or purchase requirement. | anthropic: unsupported — evidence class mismatch
Exit pathsBacked charges 0.50% of market price, subject to a $100 minimum fee, for direct redemption.DisputedMore
Sources · 1
The corpus contains no redemption-fee data for any NVDAx/Backed product; this candidate must be dropped.
app.rwa.xyz ↗“Redemption fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | gpt: unsupported — evidence class mismatch
HoldingsNVDAx references NVIDIA Corporation common stock as its sole disclosed underlying holding.UnverifiedMore
Sources · 2
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.”
Verifier note: re-adjudicated 2026-08-05T23:44:56.198Z from rejected status | panel 1/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources describe NVDAx as tracking NVIDIA stock and CMC AI says it is backed 1:1 by NVIDIA shares, but neither provides a dated holding disclosure establishing NVIDIA common stock as the | anthropic: confirmed — Both cited sources support that NVDAx's underlying reference is NVIDIA Corporation stock. RWA.xyz states 'Tokenized version of NVIDIA Corporation.' and CoinMarketCap states NVDAX 'tracks the price of
HoldingsNVIDIA Corporation equity provides the referenced exposure under the disclosed 1:1 collateralization model.UnverifiedMore
Sources · 3
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: re-adjudicated 2026-08-05T23:41:17.063Z from rejected status | panel 0/2 confirmed (sourceDomains=2) | gpt: unsupported — goal-fit: The sources describe NVDAX as tracking NVIDIA stock and being backed 1:1 by NVIDIA shares, but the claimed holding fact provides neither a portfolio weight nor an as-of date, both required b | anthropic: unsupported — The bare description 'Tokenized version of NVIDIA Corporation' is confirmed by RWA.xyz, but the specific claim value hinges on two things the fetched sources do not solidly support. (1) 'NVIDIA Corpor
Run operations
Issuer entity f70188e0-f174-4fd1-a5f1-a932060a61bb · last updated 2026-08-07T16:33:26.909Z
Underlying issuer entity 640efa44-6951-4556-9874-47f2dd11e22a · last updated 2026-08-07T11:22:15.876Z
0 source channels auto-trusted this run (revocable in Autoresearch)
resolve · resolve-light · ok · 11 links
ingest · ingest · weak
plan · plan · ok
synthesize · synthesize · ok
Coverage
29 of 43 fields verified · 0 unverified · 9 not found
Run 2026-08-07T16:18:35.539Z · done · cost $0.00
Automated research, human-reviewed. Verify against source documents before credit decisions.
