NVDAx is a tokenized stock giving holders a right to redeem through Backed for an additional fee. Each token is pegged 1:1 to NVIDIA shares held by a third-party custodian.
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NVDAx is a tokenized stock giving holders a right to redeem through Backed for an additional fee. Each token is pegged 1:1 to NVIDIA shares held by a third-party custodian.
Sources · 4
The opening sentence frames the holder's claim as a redemption right through Backed, but the sharper verified backing truth is omitted: xStocks/NVDAx are described as fully collateralized by traditional shares held by a regulated third-party custodian (ev:b2cbe87a). Composition guidance directs leading with the sharpest verified truth about backing/collateralization; 'pegged 1:1 ... third-party custodian' understates the available 'fully collateralized by a regulated custodian' language.
Minor scope note: 'a right to redeem through Backed for an additional fee' is accurate (ev:30ddc415) but is only one exit path; presenting it as the defining first-sentence claim slightly narrows the holder's core economic claim, which the evidence more centrally frames as 1:1 price-tracking exposure to NVIDIA shares with gains/losses relative to the underlying (ev:b4ecdd00, ev:ccadb82e).
“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.”
“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
“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 2/2 confirmed (sourceDomains=1, disputed) | gpt: confirmed — The archived Kraken pages support every material element: NVDAx is described as a tokenized stock; holders can redeem through Backed for an additional fee; each token is linked 1:1 to real NVIDIA comm | anthropic: confirmed — Every material claim is supported by the archived Kraken NVDAx pages. 'Tokenized stock': 'Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake.' 1:1 peg to real NVIDIA shares held by an external custodian:
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
“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 2026-08-04T18:24:33.889Z from rejected status | panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The archived Kraken content expressly states that each NVDAx token is linked 1:1 to real NVIDIA shares held by a third-party custodian and that NVDAx is fully backed by traditional shares. This direct | anthropic: confirmed — The claim collateralization_ratio = 100% is a restatement of a 1:1 backing ratio, which directly answers the SLOT QUESTION. The Kraken source states each NVDAx token 'on sidottu suhteessa 1:1 oikeisii
How NVDAX works
Eligible, verified Kraken retail clients in supported countries buy NVDAx with dollars, cryptocurrency, or stablecoins. The issuer's primary market creates or removes tokens at the underlying equity's prevailing market price. NVIDIA share-price changes drive the holder's gains or losses. Holders exit by redeeming through Backed for an additional fee or selling on Kraken for dollars, cryptocurrency, or stablecoins.
Disputed
Sources · 6
No misreadings or unsupported scope; primary-market issuance/redemption (ev:e44c2139), onboarding/verification (ev:32bf86c3), purchase means (ev:a9db4493), and exits (ev:30ddc415) are all supported. Omission only: the caution that redemption value may be lower than direct share ownership due to fees (ev:5968bde4) is a verified value-accrual/exit qualifier not reflected in the money-flow narrative.
“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.”
“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
“NVIDIA CORPORATION
2788 SAN TOMAS EXPRESSWAY
SANTA CLARA, CALIFORNIA 95051
(408) 486-2000”
Verifier note: recovered from reshaped fact a6320386-0520-4cf6-b4ca-fb4946f63e95
Portfolio overview
Pool-wide metrics
Structure & quality
Performance
Growth
Growth of $10,000 over 1 month
Growth
Growth of $10,000 over 3 months
Growth
Growth of $10,000 over 6 months
Growth
Growth of $10,000 over year to date
Growth
Growth of $10,000 over 1 year
Growth
Growth of $10,000 over all history
Returns
As of August 8, 2026
1 mo
3 mo
6 mo
YTD
1 yr
Issuer
Backed Assets
Issuer
Ownership
Kraken
Backed created xStocks as the bToken successor with unchanged underlying exposure. xStocks comprises over 55 tokenized stocks and ETFs for Kraken distribution and Solana DeFi. NVDAx uses a tracker-certificate wrapper governed by Backed Assets Final Terms No. 19. Holders receive NVIDIA price exposure without share ownership or shareholder rights.
Structural credibility
Shared legal identity, ownership, people, incidents, and channels.
Legal & regulatory structure
The legal claim, governing regime, and holder protections if the structure fails.
✓
Legal wrapper
Protects holders if the issuer fails.
If the issuer fails
The independent security agent may control segregated collateral accounts after issuer default. The agent may distribute proceeds under prospectus terms.More
Token holders lack ownership, voting, information, and other shareholder rights in NVIDIA shares. The evidence does not identify senior claims.
“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.”
“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
“Redemption fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: re-adjudicated 2026-08-04T18:24:43.116Z from rejected status | panel 2/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources support redemption through Backed and a redemption fee of 0.50% of market price with a USD 100 minimum fee. However, the claim does not fully answer the required exit-path slot: | anthropic: confirmed — The SLOT QUESTION asks for the redemption path facts (method, timing, minimum, fee). This claim describes the Backed redemption path, so it is goal-fit. The Kraken source confirms the method: 'Tokenie | kimi: confirmed — Method is supported: the archived Kraken page states in Finnish that token holders can redeem xStock products through Backed for an additional fee ('Tokenien haltijat voivat lunastaa xStock-tuotteitaa
Risks & protections
Concentration
NVDAx concentrates underlying exposure in NVIDIA common stock
⌄
NVDAx concentrates underlying exposure in NVIDIA common stock. Alpaca Securities LLC represents the identified custody dependency.DisputedMoreSources · 2
Evidence ID dd1f6572, cited to support the NVIDIA common-stock concentration claim, does not appear in the provided corpus. Only b26da5f8 (Alpaca custodian) is present, which supports the custody-dependency half but not the underlying-concentration assertion.
“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
“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 2/2 confirmed (sourceDomains=2, disputed) | gpt: confirmed — The archived Kraken page supports retail eligibility, supported-country and verification requirements, purchases using U.S. dollars, cryptocurrency, or stablecoins, NVIDIA-linked gains or losses, and | anthropic: confirmed — goal-fit: the claim directly answers the holder lifecycle slot — acquisition (buy on Kraken), value accrual (share-price driven gains/losses), and exit (redeem via Backed or sell on Kraken). Every mat
Backing concentrates entirely in NVIDIA Corporation Common Stock. Equity backing has no disclosed duration, maturity, or credit rating.MoreSources · 2
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“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.”
Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The fetched pages disclose that each NVDAx token is backed 1:1 by actual NVIDIA Corporation Common Stock held by a third-party custodian and further state that NVDAx is fully collateralized by traditi | anthropic: confirmed — The concentration claim is directly supported: both sources state each NVDAx token is pegged 1:1 to real NVIDIA Corporation Common Stock held by a third-party custodian, and that xStocks are 'fully co
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
“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 2026-08-04T18:24:33.889Z from rejected status | panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The archived Kraken content expressly states that each NVDAx token is linked 1:1 to real NVIDIA shares held by a third-party custodian and that NVDAx is fully backed by traditional shares. This direct | anthropic: confirmed — The claim collateralization_ratio = 100% is a restatement of a 1:1 backing ratio, which directly answers the SLOT QUESTION. The Kraken source states each NVDAx token 'on sidottu suhteessa 1:1 oikeisii
Portfolio composition
1 holdings · sorted by weight
Nvda common stock
NVIDIA Corporation common stock; disclosed as 1:1 backing, with no disclosure date providedMoreSources · 2
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”
Verifier note: re-adjudicated 2026-08-04T18:19:28.801Z from rejected status | panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The CoinMarketCap content states that each NVDAX token is backed 1:1 by real NVIDIA shares, while the SEC filing identifies NVDA as NVIDIA Corporation common stock. The CoinMarketCap page has a public | anthropic: confirmed — The value asserts the holding is NVIDIA Corporation common stock, disclosed as 1:1 backing, with no as-of/disclosure date. Both cited sources support the stated pieces. The SEC FWP confirms verbatim '
1M
10.41% 30d return
$10,968.23
+$968.23
Jul 8, 26Jul 16, 26Jul 23, 26Jul 31, 26Aug 8, 26
$11.2K$10.8K$10.3K$9.94K$9.53K$9.12K
$10,420.02
+$420.02
May 8, 26May 31, 26Jun 23, 26Jul 15, 26Aug 8, 26
$11.2K$10.7K$10.2K$9.64K$9.12K$8.6K
$12,080.51
+$2,080.51
Feb 8, 26Mar 25, 26May 9, 26Jun 23, 26Aug 8, 26
$13K$12K$11K$10K$9.4K$8.4K
$12,015.74
+$2,015.74
Jan 1, 26Feb 25, 26Apr 20, 26Jun 14, 26Aug 8, 26
$13K$12K$11K$10K$9.3K$8.4K
$12,265.98
+$2,265.98
Aug 8, 25Nov 7, 25Feb 6, 26May 8, 26Aug 8, 26
$13K$12K$11K$10K$9.5K$8.6K
$2,241,055.57
+$2,231,055.57
Jul 11, 25Oct 17, 25Jan 23, 26May 1, 26Aug 8, 26
$3M$2M$1M$900K$300K-$300K
Since inception
NVDAX
+10.41%
+1.38%
+2.79%
+2.58%
+1.72%
+52.03%
Benchmark
Benchmark unavailable
1 mo
NVDAX+10.41%
Benchmark unavailable—
3 mo
NVDAX+1.38%
Benchmark unavailable—
6 mo
NVDAX+2.79%
Benchmark unavailable—
YTD
NVDAX+2.58%
Benchmark unavailable—
1 yr
NVDAX+1.72%
Benchmark unavailable—
Since inception
NVDAX+52.03%
Benchmark unavailable—
1 mo
3 mo
6 mo
YTD
1 yr
Since inception
NVDAX
+10.41%
+4.20%
+17.92%
+20.16%
+22.66%
+22310.56%
Benchmark
Benchmark unavailable
1 mo
NVDAX+10.41%
Benchmark unavailable—
3 mo
NVDAX+4.20%
Benchmark unavailable—
6 mo
NVDAX+17.92%
Benchmark unavailable—
YTD
Key people
Adam Levi co-founded Backed. Backed appointed Yotam Katznelson CTO and Erwan Mismaque COO; the corpus provides no appointment dates or current-status confirmation.
Service providers
Alpaca Securities LLCRole detail
Alpaca Securities LLC serves as custodian under legal identifier 0001702580.
Incidents
NVIDIA settled SEC disclosure-control charges on May 6, 2022, without admitting or denying findings, and paid a $5.5 million penalty.
“xStockeihin sijoittavilla ei ole omistusoikeutta perustana oleviin osakkeisiin eikä äänestys- tai tiedonsaantioikeuksia eikä mitään muita oikeuksia, jotka perustana olevan osakkeen omistajalla olisi.”
“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 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The xStocks FAQ directly supports the segregated three-party collateral structure and states that, upon issuer default, the independent security agent may assume control of the collateral accounts and | anthropic: confirmed — goal-fit: The claim directly answers the slot question. Who controls assets on failure: the xStocks FAQ states collateral is held in segregated accounts under a three-party structure (issuer, custodia
Vehicle
Backed Assets (JE) Limited, a Jersey private limited company, legally issues xStocks from Jersey.DisputedMoreSources · 2
Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 2/2 confirmed (sourceDomains=2, disputed) | gpt: confirmed — The xStocks source expressly states that xStocks are issued by Backed Assets (JE) Limited and identifies it as a Jersey private limited company. RWA.xyz independently identifies Backed Assets as the i | anthropic: confirmed — The xStocks.fi archived footer contains the claimed quote verbatim: "xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company)", directly establishing the issuing legal vehic
Transfer restrictions
XStocks exclude residents of the United States, United Kingdom, Canada, Australia, and sanctioned jurisdictions.MoreSources · 2
“xStocks are also not currently available in the United Kingdom or in any other jurisdiction where their offer or distribution would be unlawful or would require regulatory authorization that has not been obtained.”
Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The archived xStocks content expressly states that xStocks are unavailable to residents of the United States, United Kingdom, Canada, Australia, or sanctioned jurisdictions, directly supporting the cl | anthropic: confirmed — The archived xstocks.fi page contains verbatim the first claimed quote: 'xStocks are not available to residents of the United States, United Kingdom, Canada, Australia, or sanctioned jurisdictions.' I
Regime
Payward Europe Digital Solutions (CY) Ltd. offers xStocks to eligible EU and EEA customers.MoreSources · 1
“In the European Union / European Economic Area, xStocks are offered to eligible customers via Payward Europe Digital Solutions (CY) Ltd. (“PEDLS-CY”), a Cyprus investment firm authorized and regulated under MiFID II.”
Verifier note: panel 2/3 confirmed (sourceDomains=1) | trimmed uncited claims (1) and re-confirmed | gpt: unsupported — The archived xStocks issuer/marketing page expressly states that PEDLS-CY offers xStocks to eligible EU/EEA customers and describes PEDLS-CY as a Cyprus investment firm authorized and regulated under | anthropic: confirmed — The archived disclaimer on https://xstocks.fi states verbatim: 'In the European Union / European Economic Area, xStocks are offered to eligible customers via Payward Europe Digital Solutions (CY) Ltd. | gpt: confirmed — The archived xStocks content expressly states that, in the EU/EEA, xStocks are offered to eligible customers through Payward Europe Digital Solutions (CY) Ltd. It also identifies PEDLS-CY as a Cyprus
Sources · 4
Under-cited/omission. The value correctly notes BitGo and Alpaca are examples but the synthesis leaves the fund auditor Grant Thornton (Cayman) (9acaa0a7) entirely unmapped to any custody/audit slot despite it being answerable.
“Ulkopuoliset talletuslaitokset suojaavat kaikki perustana olevat osakkeet siten kuin on sovittu säilytyssopimuksessa, jossa Kraken ei ole osapuolena.”
“The underlying securities are held with regulated custodians under a bankruptcy-remote structure.”
Verifier note: panel 2/2 confirmed (sourceDomains=3, disputed) | gpt: confirmed — The archived content supports the value as stated: CoinMarketCap names BitGo and Alpaca Securities as examples of regulated institutions holding the NVDA shares; xStocks issuer documentation says the | anthropic: confirmed — goal-fit: passes — the claim answers the slot question (who holds the underlying, the segregation model, and honestly flags that the regulator/charter is undisclosed). Each component is textually supp
Attestations
XStocks publishes collateral proof of reserves through its DeFi portal; the evidence does not identify the attestation provider.MoreSources · 1
Verifier note: WARNING: evidence class mismatch; trusted tier 1 evidence requires substance and goal-fit review | panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The cited FAQ states that collateral backing is publicly verifiable and that proof-of-reserves information is available through the xStocks DeFi portal. The archived evidence names no attestation prov | anthropic: confirmed — The archived FAQ directly supports both components of the claim. It states 'Proof of reserves information is available through the xStocks DeFi portal' and 'Collateral backing is publicly verifiable,'
Minimum5000
Kraken sale
Kraken clients…
Kraken clients can sell NVDAx for U.S. dollars, cryptocurrency, or stablecoins on Kraken.DisputedMoreSources · 1
“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 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The Kraken page states the sale method, but the claim does not cover settlement timing, minimum, caps/gates, or fees as required for the exit-path slot. Additionally, evidence class mismatch | anthropic: confirmed — The archived Kraken NVDAx page contains the claimed quote verbatim in its redemption FAQ ('Voinko lunastaa...'): 'Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksu | kimi: confirmed — The cited Kraken NVDAx page states verbatim (in Finnish) that token holders can 'sell them for U.S. dollars, cryptocurrency, or stablecoins directly on the Kraken platform' ('myydä niitä Yhdysvaltojen
Verifier note: panel 2/2 confirmed (sourceDomains=2, disputed) | gpt: confirmed — The Kraken source states that NVDAx represents NVIDIA Corporation common stock, is backed 1:1 by actual NVIDIA shares, and provides indirect exposure to that single underlying, supporting underlying-e | anthropic: confirmed — The claim answers the SLOT QUESTION (underlying concentration and custody dependency). Kraken confirms NVDAx is a tokenized share representing NVIDIA Corporation Common Stock, backed 1:1 by real NVIDI
One of two cited IDs (29b83c9b) is absent from the corpus. The remaining 67a5e87c is a proxy-statement compensation disclosure (export controls triggering Stretch Compensation Plan goal adjustments), not NVIDIA's own business-risk disclosure. The slot requires grounding in the issuer's risk disclosures; a comp-plan footnote is weak, indirect support for 'the underlying business deteriorates.'
“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.”
“due to the imposition of additional export controls on the Company’s H20 products during the first half of Fiscal 2026”
Verifier note: panel 2/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: confirmed — Both material claims are supported by the fetched sources (judged against the union). CoinMarketCap confirms 'NVDAX is a blockchain-based digital token that tracks the price of NVIDIA Corporation (NVD | kimi-family: confirmed — Both material claims are supported by the union of fetched sources, and the load-bearing risk claim rests on required-class evidence. The SEC proxy statement (regulator class, assigned evidence) expli
Regulatory
XStocks exclude the United States and prohibited jurisdictions
⌄
XStocks exclude the United States and prohibited jurisdictions. Regulatory protections vary, and some users may lack compensation safeguards.MoreSources · 4
“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.”
“Krakenin eri tuotteiden ja palvelujen sääntelyn tila vaihtelee lainkäyttöalueittain, eikä sinulla välttämättä ole valtion myöntämien korvausten tai sääntelyyn perustuvien suojatoimien antamaa turvaa.”
“Jotkin kryptotuotteet ja -markkinat ovat säätelemättömiä.”
Verifier note: panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The cited xStocks FAQ supports the U.S. and prohibited-jurisdiction restriction, while Kraken’s disclosure supports that regulatory status varies by jurisdiction and that users may lack government com | anthropic: confirmed — goal-fit: The claim answers the slot question on restricted investors and regulatory protections/impact on holders. The US/prohibited-jurisdiction exclusion is verbatim-supported by the xStocks FAQ ('
Issuer failure
NVDAx holders depend on xStocks and Backed Finance entities issuing the tracker certificate representing NVIDIA exposure
⌄
NVDAx holders depend on xStocks and Backed Finance entities issuing the tracker certificate representing NVIDIA exposure.DisputedMoreSources · 2
Issuer risk is answerable only for HSBC USA Inc. or Ethena Labs, not for the claimed entities.
“The token is a "tracker certificate" issued by entities like Backed Finance.”
Verifier note: re-adjudicated 2026-08-04T18:21:54.023Z from rejected status | panel 2/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources identify xStocks as the platform, Backed Assets as the issuer, and NVDAx as a tracker certificate, but they do not explain what holders lose or what rights, collateral, custody a | anthropic: confirmed — Both cited quotes are accurate. RWA.xyz states "Offered by xStocks" and lists the Issuer as "Backed Assets" (a Backed Finance entity, domiciled Jersey under the Liechtenstein Blockchain Act). CoinMark | kimi: confirmed — Every material element is supported by the union of sources: (1) 'tracker certificate' is verbatim in the CoinMarketCap source ('The token is a "tracker certificate" issued by entities like Backed Fin
Custodian
Alpaca Securities LLC holds the backing shares
⌄
Alpaca Securities LLC holds the backing shares. Custody failure could impair backing access because Kraken is not party to custody agreements.MoreSources · 3
“Ulkopuoliset talletuslaitokset suojaavat kaikki perustana olevat osakkeet siten kuin on sovittu säilytyssopimuksessa, jossa Kraken ei ole osapuolena.”
“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 2/2 confirmed (sourceDomains=2) | gpt: confirmed — The sources collectively support the material claims: RWA.xyz identifies Alpaca Securities LLC as NVDAx’s custodian; Kraken states that regulated third-party custody providers hold the fully backing t | anthropic: confirmed — The claim addresses the SLOT QUESTION directly: a custodian failure impairing backing access. Material claims are supported by the union of sources. rwa.xyz lists 'Custodian / Legal Identifier: Alpaca
Credit / counterparty
NVDAx contains equity rather than loan exposure
⌄
NVDAx contains equity rather than loan exposure. Holders nevertheless depend on regulated third-party custody of the backing shares.DisputedMoreSources · 2
The slot targets credit/counterparty exposure inside the backing. The second sentence pivots to 'regulated third-party custody,' duplicating risk_custodian rather than addressing credit. The credible answer ('equity, not loan exposure — no material credit risk') is fine, but the grounding conflates two distinct slots.
“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 2/2 confirmed (sourceDomains=2, disputed) | gpt: confirmed — The sources support both material points and answer the slot question. RWA.xyz classifies NVDAx as “Equity” in the “Stocks” asset class, while Kraken describes it as a tokenized stock backed 1:1 by NV | anthropic: confirmed — goal-fit: The slot asks about credit exposure inside the backing and counterparties whose failure hits holders. The claim answers this by asserting the backing is equity (not a loan/credit instrument)
Hack / smart contract
NVDAx exposes holders to mint, freeze, pause, transfer-hook, and permanent-delegate authority risks on Solana
⌄
NVDAx exposes holders to mint, freeze, pause, transfer-hook, and permanent-delegate authority risks on Solana.DisputedMoreSources · 5
“Allow the token program to execute custom instruction logic on every token transfer”
Verifier note: panel 2/2 confirmed (sourceDomains=1, disputed) | gpt: confirmed — The archived Solana Explorer evidence identifies NVDAx as a Token-2022 mint with active mint and freeze authorities and shows the permanent-delegate, pausable-config, and transfer-hook extensions as e | anthropic: confirmed — The claim asserts NVDAx exposes holders to mint, freeze, pause, transfer-hook, and permanent-delegate authority risks. This directly addresses the SLOT QUESTION's on-chain attack surface (mint contrac
Program ID
None
Sources · 1
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
Freeze authority
A program-derived authority (program System Program)MoreSources · 2
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs
Mint authority
A single externally-owned address controls minting; no on-chain multisig is visibleMoreSources · 2
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj
Bridge configuration
None
Sources · 3
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj
JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs
Authority multisig
None
Sources · 3
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj
JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs
Claims vs chain
XStocks calls transfers permissionless and unrestricted. Privileged authorities can transfer, burn, or pause.DisputedMoreSources · 5
Issuer narrative: xStocks are permissionless and freely transferable.
On-chain configuration: authorities can freeze accounts, override holdings, pause activity, and execute custom transfer logic.
“### Permanent Delegate
Enabled
Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“### Transfer Hook
Enabled
Allow the token program to execute custom instruction logic on every token transfer”
Verifier note: panel 2/3 confirmed (sourceDomains=2, disputed) | trimmed uncited claims (2) and re-confirmed | gpt: unsupported — The narrative identifies the requested apparent conflict: xStocks markets tokens as permissionless and freely transferable, while the cited NVDAx mint exposes delegate, freeze-related, pause, and tran | anthropic: confirmed — The claim identifies a precise conflict answering the SLOT QUESTION: the narrative control claim ('permissionless and freely transferable') versus the current on-chain configuration. Each material ele | gpt: confirmed — The sources establish a precise narrative-versus-configuration conflict for NVDAx: xStocks markets the tokens as “permissionless and freely transferable,” while the current Solana mint configuration h
Monitoring and attestation
The xStocks DeFi portal publicly reports proof of reserves for collateral backing.MoreSources · 1
Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The FAQ explicitly states that collateral backing is publicly verifiable and that proof-of-reserves information is available through the xStocks DeFi portal. This supports both the named monitoring so | anthropic: confirmed — The cited FAQ explicitly states 'Proof of reserves is publicly available' and, under 'Is there proof of reserves?', 'Collateral backing is publicly verifiable. Proof of reserves information is availab
Unilateral changes
The token program permits an authority to update its displayed-amount multiplier. Kraken may change optional reward rates and restrict service access.DisputedMoreSources · 4
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.
“We may, in our discretion, determine that it is necessary or appropriate to temporarily suspend or even terminate your account.”
Verifier note: re-adjudicated 2026-08-05T23:37:48.449Z from rejected status | panel 2/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The Solana Explorer confirms that NVDAx has an updatable UI-amount multiplier, but this does not establish what the issuer may change under its terms, identify the authority as the issuer, o | anthropic: confirmed — All four claimed quotes are present verbatim (or near-verbatim) in the archived sources and support the composed value. The Solana Explorer's Scaled UI Amount Config entry states 'Allows the token pro | kimi: confirmed — Each sub-claim is directly supported by archived content. (1) The Solana explorer snapshot states the Scaled UI Amount extension 'Allows the token program to scale the UI amount of the token by an upd
“Allows the token program to pause all interactions including transfers, mints, and burns”
Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The on-chain explorer supports the named mint and freeze authorities and the generic capabilities of the enabled permanent-delegate and pausable extensions. However, the narrative does not i | anthropic: confirmed — The claim identifies who holds admin powers over the token, directly answering the slot question about pause/freeze/upgrade powers. Each material claim is supported by the fetched Solana Explorer (onc | kimi: confirmed — All material claims are directly supported by the archived Solana Explorer on-chain snapshot: (1) Mint Authority 7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj is shown verbatim on the mint page; (2) Fr
Terms of service: xStocks Terms of Service, undated; https://xstocks.fi/documents/xstocks-terms-of-service.pdf.
“xStocks are issued using the SPL Token-2022 standard (Solana) or ERC-20 standard (EVM-compatible chains). They can be transferred onchain like other tokens.”
Verifier note: panel 2/2 confirmed (sourceDomains=3, disputed) | gpt: confirmed — The Solana explorer identifies Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh as the NVIDIA xStock token and shows Token-2022 activity. The issuer documentation states that xStocks use SPL Token-2022 on | anthropic: confirmed — All three source classes converge on the claimed value. The Solana explorer confirms the mint Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh is the 'NVIDIA xStock (Xs…Eh)' token operated via the 'Token-2
Category
Filled-verified
None
CompositionRejected-retryNone
Structure & qualityFilled-verifiedNone
Yield sourceRejected-retryNone
Yield mechanicsFilled-verifiedNone
Legal entityFilled-verifiedNone
What the issuer doesFilled-verifiedNone
LaunchedRejected-retryNone
Operating historyFilled-verifiedNone
Service providersFilled-verifiedNone
RegimeFilled-verifiedNone
VehicleFilled-verifiedNone
Bankruptcy remoteEmptyNone
If the issuer failsFilled-verifiedNone
CustodiansFilled-verifiedNone
Attestation frequencyEmptyNone
AuditsRejected-retryNone
Admin powersFilled-verifiedNone
UpgradeabilityRejected-retryNone
Mint authorityFilled-verifiedNone
Freeze authorityFilled-verifiedNone
Fee scheduleRejected-retryNone
Exit pathsFilled-verifiedNone
Underlying / economicFilled-verifiedNone
Credit / counterpartyFilled-verifiedNone
Issuer failureFilled-verifiedNone
CustodianFilled-verifiedNone
Hack / smart contractFilled-verifiedNone
RegulatoryFilled-verifiedNone
Exit riskRejected-retryNone
Who can hold/mintFilled-verifiedNone
Source documentsFilled-verifiedNone
Rejected facts
Exit risk
Retail holders may redeem directly with the issuer after KYC, subject to a $5,000 minimum transaction size. Redemption costs 0.50% of market price, with a $100 minimum fee.DisputedMore
The evidence specifies no caps, windows, notice periods, or stressed-exit treatment.
Sources · 2
Fee/minimum evidence does not establish gating; only the explicit 'no caps/windows/notice periods' negative finding is on-point for this slot.
“Redemption fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: panel 0/2 confirmed (sourceDomains=2, disputed) | gpt: contradicted — The issuer FAQ supports direct retail redemption after KYC and states a $5,000 minimum, while RWA.xyz supports the 0.50% fee with a $100 minimum. However, the assertion that the evidence specifies no | anthropic: unsupported — goal-fit: The slot question asks about caps, windows, notice periods, and stressed-exit treatment — what happens when everyone redeems at once. The factual assertions the claim does make are all suppo
Corporate-action passthrough
The custodian reinvests cash dividends into additional underlying shares. The multiplier reflects reinvested dividends and cumulative corporate actions.DisputedMore
Stock splits increase the multiplier proportionally; reverse splits decrease it. Holders take no action when the multiplier changes. NVDAx holders receive no shareholder information rights. The evidence does not establish merger, tender-offer, or voting-event treatment.
Sources · 7
ev:992c4705 supports 'no shareholder/ownership rights,' which entails no voting rights; the synthesis should state holders receive no voting rights, not that voting is unestablished.
Assigned evidence pool omits available timing/publication mechanics that the slot ('how ... corporate actions reach token holders') can answer.
“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.”
“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 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — Every material claim is supported by the union of fetched sources. The xStocks docs confirm the custodian receives dividend cash on behalf of custodied shares, reinvests it into additional shares of t | gpt: unsupported — evidence class mismatch
Final terms document
Backed Assets Final Terms Nr 19 (NVDAx) governs NVDAx and appears in Backed’s legal-documentation registry.DisputedMoreSources · 2
ev:36b81348 provides the registry URL that the slot explicitly requests; value should cite it verbatim.
“the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation”
Verifier note: panel 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — Both claimed quotes appear verbatim in the archived sources. The rwa.xyz/assets/NVDAx page lists under 'Legal & Regulatory' → 'Terms': 'Backed Assets Final Terms Nr 19 (NVDAx)', with Issuer 'Backed As | gpt: unsupported — evidence class mismatch
Audits
Grant Thornton (Cayman) is the named fund auditor; the evidence does not disclose its audit scope or date.UnverifiedMoreSources · 1
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The source names Grant Thornton (Cayman) as “Auditor,” but provides neither audit scope nor audit date. The value therefore does not answer the slot question, which requires both scope and d | anthropic: unsupported — goal-fit: The archived page does confirm the literal quote — under Service Providers, "Auditor: Grant Thornton (Cayman)" appears verbatim — so the naming of Grant Thornton (Cayman) as auditor is evide
Fee schedule
The NVDAx issuer charges a 0% performance fee.UnverifiedMoreSources · 1
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The aggregator lists “Performance Fees 0%” for NVDAx, but it does not establish that the issuer is the charging entity. No qualifying legal-terms or issuer-document evidence was provided. | anthropic: confirmed — The cited RWA.xyz page for NVDAx states 'Performance Fees 0 %' — appearing twice, once in Key Facts and again in the Fees section under the Legal & Regulatory block where the Issuer is identified as B
Fee schedule
The NVDAx issuer charges a 0% management fee.UnverifiedMoreSources · 1
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The cited RWA.xyz aggregator lists a 0% management fee for NVDAx, but it does not explicitly state that the issuer charges that fee, and no qualifying legal-terms or issuer-doc evidence was | anthropic: confirmed — The archived RWA.xyz page for NVDAx explicitly lists 'Management Fees 0 %' (twice, including in the Fees section for the asset issued by Backed Assets). A management fee is by definition the fee levie
Fee schedule
The NVDAx issuer charges 0.50% of market price per redemption, subject to a USD 100 minimum.UnverifiedMoreSources · 2
“Redemption fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The aggregator states a 0.50% redemption fee with a USD 100 minimum, but it does not explicitly state that the issuer charges it. It also does not satisfy the required legal-terms or issuer- | anthropic: confirmed — The archived RWA.xyz page for NVDAx states verbatim under Primary Market: 'Redemption Fees 0.50%' and 'Redemption description: Redemption fee is 0.50% of market price with a minimum of USD 100.' This
Fee schedule
The NVDAx issuer charges 0.50% of market price per subscription, subject to a USD 100 minimum.UnverifiedMoreSources · 2
“Subscription fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: panel 1/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The aggregator supports a 0.50% subscription fee with a USD 100 minimum, but it does not explicitly state that the issuer charges it. No qualifying legal-terms or issuer-doc evidence was pro | anthropic: confirmed — The archived RWA.xyz page for NVDAx directly states under Primary Market: 'Subscription Fees 0.50%' and 'Subscription fee is 0.50% of market price with a minimum of USD 100.' This matches the claimed
Incident response
XStocks recommends 15-minute pre-activation and post-activation pauses for venues and protocols during multiplier changes. The evidence discloses no recovery or notification process.UnverifiedMoreSources · 1
“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=1) | gpt: contradicted — The source confirms the recommended pause of approximately 15 minutes before and after multiplier activation and discloses no recovery process. However, it does disclose a notification/update process: | anthropic: confirmed — The cited quote is present verbatim in the archived source under 'Multiplier Updates': the doc recommends venues and protocols 'pause all interactions with the token for a brief window (e.g., 15 minut
Upgradeability
The Solana token program enables an updatable display multiplier through Scaled UI Amount Config. The evidence identifies no authority or update delay.DisputedMoreSources · 1
Misread. Evidence 8b1efe55 describes the Scaled UI Amount Config token extension — an updatable display multiplier — which is a mutable token parameter, not evidence that the smart contracts themselves are upgradeable. The slot asks whether contracts are upgradeable, by whom, and with what delay. The value conflates a display-multiplier with contract upgradeability without evidence for the latter.
“### Scaled UI Amount Config
Enabled
Allows the token program to scale the UI amount of the token by an updatable multiplier”
Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source confirms that this mint has Scaled UI Amount Config and that its display multiplier is updatable, but a mutable UI-display parameter is not evidence that the token contracts or pr | anthropic: confirmed — The archived Solana Explorer page for the token (NVIDIA xStock, Xs…Eh) lists 'scaledUiAmountConfig' among the enabled extensions and, under the '### Scaled UI Amount Config' heading, shows 'Enabled' w
Bridge custody
The issuer, custodians, and an independent security agent govern segregated collateral accounts. The security agent may control those accounts after default.DisputedMore
The evidence does not identify bridge contracts or signers.
Sources · 2
Unsupported scope / misread. The cited evidence (63ae194f, dbeb42ad) describes the three-party segregated custody of real underlying shares, not any cross-chain bridge or bridge-locked collateral. Nothing in the corpus establishes that a bridge exists for NVDAx; repurposing share-custody evidence to populate bridge_custody imports facts the evidence does not support. If no bridge is evidenced this should be an unknown, not a synthesized narrative.
“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.”
Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The sources support only the general collateral arrangement: underlying securities are held in segregated custody accounts under a three-party structure involving the issuer, custodians, and | anthropic: unsupported — goal-fit: The SLOT QUESTION asks specifically where bridge-locked collateral sits and demands identification of the contracts, signers, or entities that control it. The claim accurately restates the F
Launched
2025-06-20DisputedMoreSources · 1
Keep the date but flag it as a reported/unconfirmed inception date from an aggregator, lowering confidence.
Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The aggregator states an “Inception Date” of 06/20/2025, but does not establish that this was the token/product launch date. No qualifying blog announcement or fetched issuer documentation e | anthropic: confirmed — The cited source app.rwa.xyz/assets/NVDAx lists 'Inception Date 06/20/2025' in its Key Facts, which matches the claimed launch_date = 2025-06-20. Inception date on an asset registry directly answers t
Yield source
PDSL administers optional weekly same-xStock rewards for eligible Kraken customers. The corpus discloses no economic funding source or intermediary spread.DisputedMoreSources · 4
Acceptable framing; qualify that rewards are an xStocks-wide discretionary program not corpus-confirmed for NVDAx, and that this is promotional reward rather than an intrinsic economic yield.
“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.”
“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: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source supports that eligible customers may opt in, receive weekly rewards in the same xStock, and that the program is offered via PDSL. It does not disclose the rewards’ economic fundin | anthropic: confirmed — All four claimed quotes appear verbatim in the archived blog post, and every material assertion in the narrative is supported. The source confirms: rewards are 'offered to eligible Kraken customers vi
Composition
NVDAx is fully collateralized one-for-one by NVIDIA common stock. Alpaca Securities LLC serves as custodian.DisputedMoreSources · 4
Value should say the custodian is an unnamed regulated third-party; the specific 'Alpaca Securities LLC' claim has no evidentiary basis and should be removed or moved to unknowns.
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“Kyllä. 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, disputed) | gpt: unsupported — goal-fit: The sources support 1:1 backing by NVIDIA common stock and identify Alpaca Securities LLC as custodian, but the narrative omits the required as-of date for that collateral disclosure. It the | anthropic: confirmed — Both material claims are supported by the union of fetched sources. The Kraken pages state each NVDAx token is tied 1:1 to real NVIDIA Corporation Common Stock held by a regulated third-party custodia
Bridge & oracle
Stale multiplier data can cause unexpected settlement behavior; xStocks advises venues to pause interactions briefly around on-chain activation.UnverifiedMoreSources · 3
“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.”
“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
Key management
The 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.
“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
Custodians
Alpaca Securities LLC and BitGo· regulated custodians of NVDA sharesRole detail
Alpaca Securities LLC and BitGo are identified; Custodians hold collateral in segregated accounts involving an independent security agent.
KrakenRole detail
Kraken is not party to the custody agreement.
DisputedSources · 5
'LLC' unsupported; examples treated as exhaustive.
“Ulkopuoliset talletuslaitokset suojaavat kaikki perustana olevat osakkeet siten kuin on sovittu säilytyssopimuksessa, jossa Kraken ei ole osapuolena.”
“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 fails
Token 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
“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.”
“xStockeihin sijoittavilla ei ole omistusoikeutta perustana oleviin osakkeisiin eikä äänestys- tai tiedonsaantioikeuksia eikä mitään muita oikeuksia, jotka perustana olevan osakkeen omistajalla olisi.”
“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
How it works
Eligible 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.
“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.
“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 documents
Issuer documentation: Dividends and Stock Splits, date unavailable; https://docs.xstocks.fi/docs/dividends-and-stock-splits.DisputedMoreSources · 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 documents
Legal-documentation repository: Base Prospectus, Final Terms, and country restrictions; undated; https://assets.backed.fi/legal-documentation.UnverifiedMoreSources · 2
“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 documents
Final terms: Backed Assets Final Terms Nr 19 (NVDAx), undated; listed at https://app.rwa.xyz/assets/NVDAx.UnverifiedMoreSources · 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
Onboarding
Kraken buyers must open an account, confirm jurisdictional eligibility, and complete verification. Direct retail redemption requires issuer KYC.DisputedMoreSources · 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.
“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.”
“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/mint
Primary investment is limited to professional investors. Retail clients may redeem after KYC and buy through Kraken in eligible countries.DisputedMoreSources · 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.
“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 / liquidity
Crypto-market volatility can separate NVDAx's traded price from NVIDIA exposure. Primary-market issuance and redemption support price alignment through arbitrage.UnverifiedMoreSources · 2
“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 contract
Privileged Solana authorities can freeze accounts, pause transfers, or permanently transfer and burn tokens. Compromise could disrupt or destroy holdings.DisputedMoreSources · 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.
“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 / economic
NVDAx holders gain or lose with NVIDIA stock. Investors can lose their entire invested capital.UnverifiedMoreSources · 3
“Kyllä. Kun sijoitat xStockeihin, kuten NVDAx, pääomaasi kohdistuu riski ja voit menettää koko summan, jonka olet sijoittanut mihin tahansa ostamaasi xStockiin.”
“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 paths
Kraken holders can sell NVDAx for dollars, cryptocurrencies, or stablecoins. Kraken supports trading 24 hours daily, five days weekly.UnverifiedMoreSources · 2
“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
“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 paths
Backed 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.
“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
“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 powers
The Solana mint enables permanent-delegate transfers and burns, default-frozen accounts, global pausing, and custom transfer-hook logic.UnverifiedMoreSources · 4
“### Permanent Delegate
Enabled
Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“### 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
Networks
Issuer documentation also identifies native xStocks issuance on TON and other EVM-compatible networks.UnverifiedMoreSources · 3
“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
Audits
Grant Thornton Cayman serves as NVDAx auditor; the evidence does not specify scope or audit date.UnverifiedMoreSources · 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 restrictions
Secondary transfers are permissionless, but issuance and redemption require whitelisted wallets.UnverifiedMoreSources · 2
“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.
Vehicle
Backed Assets (JE) Limited, a Jersey private limited company, legally issues xStocks.UnverifiedMoreSources · 2
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
Regime
Payward Digital Solutions Ltd. offers xStocks to eligible customers under a Bermuda Monetary Authority digital-asset license.UnverifiedMoreSources · 1
“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 composition
Reserves comprise 100% NVIDIA Corporation Common Stock, backing NVDAx 1:1 through a regulated external custodian. The valuation basis and dated reserve attestation remain undisclosed.UnverifiedMoreSources · 4
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
“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
“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
What the issuer does
Backed Assets issues NVDAx within the xStocks tokenized-equity range. xStocks expanded Backed's bToken model into over 55 tokenized stocks and ETFs.UnverifiedMoreSources · 3
“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.”
“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,
Holdings
100% NVIDIA Corporation common stock exposure; one custodied share backs each token. The corpus provides no dated holdings report.UnverifiedMoreSources · 2
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“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
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“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 mechanics
Eligible Kraken clients must opt in to receive weekly rewards paid as additional units of the same xStock.DisputedMoreSources · 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.
“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.
Structure & quality
NVDAx has concentrated, single-name exposure to NVIDIA Corporation common stock.UnverifiedMoreSources · 2
“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.”
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.
“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 claim
A token with no ownership or shareholder rights in the underlying NVIDIA shares.UnverifiedMoreSources · 2
“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.”
“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
“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 is
NVDAx 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.
“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.”
“NVDAx on xStocks-tuote. Kaupankäynti näillä tuotteilla mahdollistaa epäsuorat sijoitukset pörssinoteerattujen yritysten osakkeisiin, mutta ilman omistusta perustana olevasta NVIDIA Corporation Common Stock -osakkeesta.”
“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 documents
Each xStock has a base prospectus specifying investment fees; date and original-source URL are unstated.UnverifiedMoreSources · 1
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 documents
Kraken published its xStocks Opt-In Rewards announcement on April 2, 2026.UnverifiedMoreSources · 2
“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 documents
The xStocks terms state that Backed Finance and affiliates do not offer tokenized equities directly to the public.UnverifiedMoreSources · 1
“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 documents
Backed publishes legal documentation and prohibited-country lists through its original legal-documentation library.UnverifiedMoreSources · 1
“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
Concentration
NVDAx concentrates economic exposure in one company, NVIDIA, while third-party custody concentrates operational dependence.DisputedMoreSources · 2
Drop the custody-concentration clause or re-cite the single-issuer point to present evidence.
“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 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.
Regulatory
Jurisdictional restrictions and uneven regulation can remove access and leave holders without governmental compensation or regulatory safeguards.UnverifiedMoreSources · 3
“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.”
“Krakenin eri tuotteiden ja palvelujen sääntelyn tila vaihtelee lainkäyttöalueittain, eikä sinulla välttämättä ole valtion myöntämien korvausten tai sääntelyyn perustuvien suojatoimien antamaa turvaa.”
“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 redemption
The corpus does not establish redemption into registered NVIDIA shares or any physical commodity.DisputedMoreSources · 2
Re-cite to 992c4705 for the no-underlying-share-ownership basis.
“Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta) tai myydä niitä Yhdysvaltojen dollareita, kryptovaluuttaa tai stablecoineja vastaan suoraan Kraken-alustalla.”
“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 paths
Kraken holders can withdraw NVDAx to compatible blockchain wallets; withdrawal is not disclosed as direct share redemption.UnverifiedMoreSources · 2
“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 paths
Token holders can redeem through Backed for an additional fee; disclosed timing, minimums, caps, and fee amounts remain unspecified.DisputedMoreSources · 2
Downgrade to fee-on-investment fact (79022b20) or mark the Backed redemption path unverified.
“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 1/3 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 deployment
Solana hosts a Token-2022 issuance at mint Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh.UnverifiedMoreSources · 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 history
Backed 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.
“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 extensions
3 Sensitive extensionsUnverifiedMoreSources · 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 ownership
Backed announced that it became part of Kraken on December 2, 2025.UnverifiedMoreSources · 2
“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 people
Mark Greenberg is Kraken’s Global Head of Consumer and is publicly tied to xStocks rewards, not Backed’s legal issuer.UnverifiedMoreSources · 1
“said Mark Greenberg, Kraken Global Head of Consumer.”
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 / counterparty
NVDAx depends on Alpaca Securities holding the NVIDIA shares that collateralize each token.DisputedMoreSources · 2
Unsupported and overlaps risk_custodian; not a genuine credit disclosure.
“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 documents
Solana Explorer contract record, accessed 2026-08-04: https://explorer.solana.com/address/Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh/token-extensionsUnverifiedMoreSources · 1
“### 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 documents
Final terms, date undisclosed, original-source URL unavailable in the corpus; titled Backed Assets Final Terms Nr 19 (NVDAx).DisputedMoreSources · 1
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 documents
Product page, date undisclosed, https://www.kraken.com/mx/xstocks/nvdaxDisputedMoreSources · 3
“Kun sijoitat xStockeihin, kuten NVDAx, pääomaasi kohdistuu riski ja voit menettää koko summan, jonka olet sijoittanut mihin tahansa ostamaasi xStockiin.”
“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 failure
NVDAx gives holders indirect NVIDIA exposure without ownership, voting, information, or other shareholder rights.DisputedMoreSources · 3
Wrong slot and unsupported; issuer-failure/what-survives is unanswered.
“NVDAx on xStocks-tuote. Kaupankäynti näillä tuotteilla mahdollistaa epäsuorat sijoitukset pörssinoteerattujen yritysten osakkeisiin, mutta ilman omistusta perustana olevasta NVIDIA Corporation Common Stock -osakkeesta.”
“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.”
“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 paths
Token holders can exit through Raydium or Jupiter swaps on Solana, subject to available market liquidity.DisputedMoreSources · 2
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
Unilateral changes
The token program permits its authority to update the multiplier that scales displayed token amounts.UnverifiedMoreSources · 1
“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
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 paths
Backed charges 0.50% of market price, subject to a $100 minimum fee, for direct redemption.DisputedMoreSources · 1
The corpus contains no redemption-fee data for any NVDAx/Backed product; this candidate must be dropped.
“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
Holdings
NVIDIA Corporation equity provides the referenced exposure under the disclosed 1:1 collateralization model.UnverifiedMoreSources · 3
“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.”
“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 2026-08-09T00:37:06.847Z
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)
ingest · ingest · ok
plan · plan · ok
synthesize · synthesize · ok
Coverage
32 of 43 fields verified · 0 unverified · 0 not found
Run 2026-08-09T00:23:11.660Z · done · cost $0.00
Automated research, human-reviewed. Verify against source documents before credit decisions.
