NVIDIA xStock

Unsupported by provided evidence. All three cited evidenceIds (b2d2d1c0, c5169eaa, dd2a9b6d) are absent from the corpus. The freeze-authority address JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs and the pause/permanent-delegate assertions have no backing among the supplied evidence items, so the 0.97 confidence is unjustified.

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source confirms that JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs is the mint’s freeze authority and that enabled pausable and permanent-delegate extensions provide pause and transfer/bu | anthropic: confirmed — Every material claim is supported by the fetched Solana Explorer page for the NVIDIA xStock Token-2022 mint (Xsc9...qEh). The page lists 'Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs'

Unsupported scope. The 'exists on Ethereum' claim rests on evidenceId 0bd72b97, which does NOT appear anywhere in the provided corpus. Only the Solana Token-2022 mint (196c87b7) and Solana trading (c5675449) are verifiable in evidence. The Ethereum deployment is unsourced and should be dropped or downgraded.

Verifier note: panel 1/3 confirmed (sourceDomains=3, disputed) | gpt: unsupported — The Solana item is supported by the verified mainnet explorer deployment, which identifies NVDAx mint Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh as a Token-2022 mint. The Ethereum item is asserted on | anthropic: confirmed — The claim decomposes into three items: (1) NVDAx exists on Ethereum, (2) NVDAx exists on Solana, (3) the verified Solana deployment uses Token-2022. Item 1: CoinMarketCap states it 'exists as both an | gpt: unsupported — goal-fit: The sources confirm a verified Solana mainnet NVDAx deployment at Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh using Token-2022, but the slot requires every deployed chain. The fetched CoinMa

Misreading/overscope. Evidence 4eb9fc8e is specifically about the 'Opt-In Rewards' product availability ('Not available in the US and other geographic restrictions apply'), not xStocks transfer or holding restrictions generally. Generalizing a rewards-availability note into a blanket 'xStocks exclude United States users' transfer restriction overstates what the single cited item supports.

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited disclaimer confirms that the xStocks Opt-In Rewards product is unavailable in the US and subject to other geographic restrictions, but it does not establish transfer restrictions f | anthropic: unsupported — goal-fit: The quote 'Not available in the US and other geographic restrictions apply.' is verbatim-accurate in the source, but its subject is the Opt-In Rewards program (offered via Payward Digital So

Omission. The slot asks who controls the assets and the claim chain on issuer failure. Directly relevant custody-structure evidence is unused: shares are fully collateralized and held by a regulated third-party custodian under an agreement to which Kraken is not a party (1c463b06, 7fc97370). This bears on who holds/controls the backing and was left out of the narrative.

Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support that NVDAx holders do not own the underlying NVIDIA shares or receive shareholder rights, and that they can lose their entire investment. They do not answer the required | anthropic: confirmed — All three claimed quotes appear verbatim in the fetched sources. The material assertions are each supported by the union of sources: (1) 'NVDAx holders do not own underlying NVIDIA shares' — the Krake

Omission. The slot explicitly asks for 'licenses held', but the synthesis ignores available licensing evidence: Payward entities regulated by the Central Bank of Ireland (d4f29fca, be22ea22, 61b05368, c3f55d18) and Payward Services Limited authorised as an FCA Electronic Money Institution FRN 1010381 (1b9d447a). At minimum the distributor regulatory status should be noted.

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — Both claimed quotes appear verbatim in the archived source content. The Kraken blog post explicitly states: "Neither this product nor xStocks are or will be registered with any other local securities

Backed Finance is named as the issuing entity.

Backed Assets appears in the NVDAx final-terms title, but its legal form is undisclosed.

Verifier note: panel 0/2 confirmed (sourceDomains=3, disputed) | gpt: contradicted — The sources distinguish the Backed Finance/Backed brand from the issuer. RWA.xyz explicitly identifies the issuer as “Backed Assets” and links “Backed Assets Final Terms Nr 19 (NVDAx).” CoinMarketCap’ | anthropic: contradicted — The slot requires the LEGAL ENTITY NAME of the NVDAx issuer. The highest-quality evidence — the RWA.xyz registry — explicitly lists the Issuer as "Backed Assets" (domicile Jersey, Channel Islands; Iss

Omits Payward Digital Solutions Ltd (PDSL), a named service provider licensed by the Bermuda Monetary Authority (ev 4623a0e6), which the synthesis itself references under yield slots but excludes here.

Verifier note: panel 0/2 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: Alpaca Securities LLC is expressly identified as NVDAx’s custodian, with legal identifier 0001702580. Kraken also states that third-party depository institutions safeguard the underlying sha | anthropic: unsupported — goal-fit: The first item—'Alpaca Securities LLC serves as disclosed custodian'—is fully supported (rwa.xyz shows 'Custodian / Legal Identifier / Alpaca Securities LLC / 0001702580', and it also lists

Cites evidenceId d45440c1, which is not present in the corpus. Only e46428dd (Backed announcing xStocks) supports the claim.

Verifier note: lost head-to-head to incumbent 8629268d-90cf-4eb1-b7fd-011c6c50e56d: The incumbent more directly describes Backed’s business—developing tokenized securities—and explains xStocks as an evolution of its existing bTokens model, while also specifying the product’s scale and Kraken/Solana distribution. Its own evidence supports these points. The new claim identifies the launch and links NVDAx to xStocks, but says less about what Backed broadly is and does.

Placement/scope: rewards are an external Kraken platform program via PDSL, not a yield source of the underlying NVIDIA equity. The candidate correctly notes NVDAx discloses no native yield, but framing the PDSL rewards under underlying yield conflates token economics with a separate platform incentive.

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited Kraken post confirms that eligible customers can receive platform-level Opt-In Rewards on NVDAx via Payward Digital Solutions Ltd., but it does not identify where the reward yield | anthropic: confirmed — goal-fit: The slot asks where yield economically originates and who captures spread. The claim answers this by asserting the token has no native yield and that any earn comes from a separate Kraken pl

Omits the legal wrapper: ev 6e15ea26 characterizes the token as a 'tracker certificate' issued by Backed Finance. 'Indirect economic exposure' captures the economics but not what the holder legally owns (a certificate / issuer claim). Slot asks specifically what the holder legally owns.

Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The Kraken page supports indirect price exposure and the absence of ownership, voting, information, and other shareholder rights in the underlying shares. However, it does not answer what th | anthropic: confirmed — The archived Kraken NVDAx page directly supports every element of the holder_claim. It states investment enables indirect exposure without ownership of the underlying share ('Kaupankäynti näillä tuott

Remove unless onboarding evidence is supplied.

Verifier note: lost head-to-head to incumbent f8459483-e1f3-4aeb-809d-79df70c31e4f: Both claims directly address KYC/KYB steps and cite identical evidence, but the new claim adds 'jurisdictional' eligibility, which its evidence does not explicitly support. The incumbent more precisely matches its cited evidence; ties also favor the incumbent.

Remove unless the cited eligibility materials are supplied.

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source supports only Kraken secondary-purchase eligibility: retail clients in certain permitted countries must complete account verification. It does not identify investor classes, accre | anthropic(sub:gpt): unsupported — goal-fit: The source describes eligibility to buy NVDAx through Kraken—retail clients in certain countries who complete account verification—but does not establish investor classes, KYC tiers, or excl [duplicate actual family allowed by substitution]

Do not use this evidence alone as a depeg-risk candidate.

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited issuer page explicitly supports that xStock fees can make NVDAx redemption value lower than the potential return from holding NVIDIA shares directly. However, this concerns redempt | anthropic(sub:gpt): unsupported — goal-fit: The cited Kraken issuer page explicitly supports that xStock fees can make NVDAx’s value at redemption lower than the potential return from directly owning NVIDIA shares. However, this conce [duplicate actual family allowed by substitution]

Remove unless regulatory and eligibility evidence is supplied.

Verifier note: lost head-to-head to incumbent 130c7c88-84bf-496b-bc1e-8ff18545fb41: The incumbent directly establishes registration status and regulatory non-approval, naming HSBC, Rule 433, Registration No. 333-277211, the SEC and state securities commissions, and the June 18, 2026 filing date. Its cited SEC filing expressly supports both statements. The new claim addresses investor restrictions but leaves eligible countries unspecified and its evidence supports retail-client eligibility and account verification, not clearly that only verified retail clients may purchase.

Remove unless token-control evidence is supplied and identify the actual authority rather than attributing powers generically to Solana.

Verifier note: lost head-to-head to incumbent d1707b6b-18dc-45a2-9588-f2893c8ba9ad: The incumbent directly addresses Solana's on-chain attack surface and is broader and better supported by its own evidence: it identifies mint and freeze authorities and documents pause, permanent-delegate, and transfer-hook capabilities. The new claim is narrower, and its frozen-by-default evidence does not by itself establish a general authority to freeze existing holder accounts.

Remove unless custody and failure-impact evidence is supplied.

Verifier note: re-adjudicated 2026-08-04T22:18:35.584Z from rejected status | panel 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources support Alpaca Securities LLC being listed as NVDAx’s custodian and support that Kraken is not a party to the custody agreement. However, they do not establish failure consequenc | anthropic(sub:gpt): unsupported — goal-fit: The sources support that Alpaca Securities LLC is listed as NVDAx’s custodian and that Kraken is not a party to the custody agreement. However, the narrative does not answer the slot’s requi [duplicate actual family allowed by substitution] | kimi: confirmed — Both material elements are supported by the union of sources. RWA.xyz's archived NVDAx page explicitly lists 'Custodian — Alpaca Securities LLC' (Legal Identifier 0001702580) under Service Providers,

Do not infer total-loss exposure from the supplied evidence.

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The issuer confirms that NVDAx value tracks the underlying NVIDIA shares and that investors can lose their entire investment. However, it does not say that a decline in NVIDIA shares—without | anthropic(sub:gpt): unsupported — goal-fit: Kraken supports that NVDAx gains or loses value relative to NVIDIA shares and that an investor can lose the entire amount invested. However, the claim does not identify deterioration in NVID [duplicate actual family allowed by substitution]

Remove unless evidence establishes both the sale mechanism and its treatment as an exit path under this slot.

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source expressly supports the stated Kraken sale method and settlement assets, but the value does not fully answer the required exit-path slot: it omits settlement timing, minimum, caps/ | anthropic(sub:gpt): unsupported — goal-fit: The source explicitly supports the method: holders may sell xStocks directly on Kraken for U.S. dollars, cryptocurrency, or stablecoins. However, the value does not answer the required exit- [duplicate actual family allowed by substitution]

Remove unless the cited evidence is supplied and directly supports the full path, including method, settlement timing, minimum, caps or gates, and fee.

Verifier note: re-adjudicated 2026-08-04T22:14:16.034Z from rejected status | panel 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources support redemption through Backed and a 0.50% fee with a USD 100 minimum fee, but the value does not fully answer the slot question. It omits the disclosed daily redemption timin | anthropic(sub:gpt): unsupported — goal-fit: The sources support redemption through Backed and a 0.50% redemption fee with a USD 100 minimum fee, but the claimed path is incomplete for the required slot. RWA.xyz additionally discloses [duplicate actual family allowed by substitution] | kimi: confirmed — The two archived sources jointly support the atomic value as stated. Kraken's NVDAx FAQ states token holders can redeem xStocks through Backed for an additional fee ('Tokenien haltijat voivat lunastaa

Unsupported actor and scope: evidence 3e460aa8 says the multiplier is updatable, but does not identify the authority or establish that the issuer or Kraken may update it. It also does not describe a term change without holder consent.

Product conflation: the changeable reward rate concerns the optional Opt-In Rewards program, while discretionary account eligibility and suspension concern Kraken services. The evidence does not establish that these are unilateral changes to NVDAx terms, fees, limits, or eligibility by the issuer.

Verifier note: re-adjudicated 2026-08-04T22:13:47.728Z from rejected status | panel 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The Kraken terms directly support discretionary account/service eligibility restrictions, which answers the eligibility part of the slot. However, the Solana displayed-amount multiplier is a | anthropic(sub:gpt): unsupported — goal-fit: The sources support that the token has an authority-controlled, updatable UI-display multiplier and that Kraken may change opt-in reward rates or restrict account/service access. However, th [duplicate actual family allowed by substitution] | kimi: confirmed — All three components are directly supported by archived content. (1) The Solana explorer shows the scaledUiAmountConfig extension enabled on this exact mint with the quoted text 'Allows the token prog

Most of the acquisition and redemption lifecycle is unsupported by the supplied evidence.

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support eligibility, purchases with USD/crypto/stablecoins, value exposure to NVIDIA share-price movements, Kraken sales, compatible-wallet withdrawals, and fee-bearing Backed re | anthropic(sub:gpt): confirmed — The sources support each lifecycle element: geographically eligible, verified Kraken retail clients can acquire NVDAx using U.S. dollars, cryptocurrency, or stablecoins; NVDAx provides indirect exposu [duplicate actual family allowed by substitution]

Treat “tracker certificate” as provisional and do not assign a current as-of date without dated evidence.

Verifier note: lost head-to-head to incumbent ded42149-59c4-402c-b8e5-1ccc2e194db8: Both claims directly identify NVDAx, describe indirect exposure, state 1:1 custodied NVIDIA-share backing, and disclaim shareholder rights. The new claim's added 'tracker certificate' characterization relies only on secondary CoinMarketCap wording and is not established by its Kraken evidence, so it is not better supported; under the tie rule, the incumbent wins.

Unsupported and overlaps risk_custodian; not a genuine credit disclosure.

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 payment failure would harm holders and precisely characterizes the exposure as senior unsecured issuer credit risk, with no FDIC insurance or bank guarantee. Its cited evidence explicitly supports each point. The incumbent identifies a custodian and 1:1 share backing but does not establish from its evidence that Alpaca bears payment obligations or that its failure necessarily causes holder losses.

rwa-other is acceptable as the residual class for tokenized single-name equity.

Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: confirmed — The cited issuer/product documentation identifies the underlying asset as NVIDIA Corporation common stock: each NVDAx token is backed 1:1 by actual shares held by a third-party custodian. The token pr | anthropic: contradicted — The cited Kraken source unambiguously identifies the underlying asset as NVIDIA Corporation Common Stock — a publicly-listed equity traded on NASDAQ, held 1:1 by a third-party custodian. The quoted te

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

Internal inconsistency across slots.

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

Wrong slot and unsupported; issuer-failure/what-survives is unanswered.

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

Overreach; evidence shows secondary trading occurred, not a redemption mechanism.

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

These two facts are the only NVDA-linked evidence present, and they belong to the HSBC USA Autocallable Notes.

Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — The SEC filing establishes that the described HSBC notes have a single Reference Asset—NVIDIA Corporation common stock—and that the stock trades under NVDA. However, it never identifies or discusses “ | anthropic: confirmed — The SEC free writing prospectus (regulator-class, an assigned required evidence class) directly states the Reference Asset is 'The common stock of NVIDIA Corporation (Ticker: NVDA) (the "Company").' a | gpt: unsupported — goal-fit: The SEC-filed prospectus supports that NVIDIA Corporation common stock trades on the Nasdaq Global Select Market under “NVDA,” but this identification fact does not address concentration in

The corpus contains no redemption-fee data for any NVDAx/Backed product; this candidate must be dropped.

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

unknown

Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The aggregator says NVDAX can be used in third-party DeFi protocols for lending, borrowing, or earning yield, but it does not answer how yield reaches holders—NAV accrual, rebase, or distrib | anthropic: unsupported — evidence class mismatch

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.

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

unverifiable

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