NVIDIA xStock
NVDAXOverview
NVDAX price
$211.51
NVDAX price
$211.51
Growth of $10,000 over 1 month
Growth of $10,000 over 3 months
Growth of $10,000 over 6 months
Growth of $10,000 over year to date
Growth of $10,000 over 1 year
Growth of $10,000 over all history
$10,800.58
+$800.58$10,604.35
+$604.35$11,866.19
+$1,866.19$11,287.23
+$1,287.23$11,695.45
+$1,695.45$2,105,180.94
+$2,095,180.94As of August 4, 2026
1 mo
3 mo
6 mo
YTD
1 yr
Since inception
NVDAX
+8.01%
+0.39%
+3.44%
+1.73%
+1.31%
+51.94%
Benchmark
3M T-BILL
+0.32%
+0.30%
+0.30%
+0.30%
+0.30%
+0.30%
1 mo
3 mo
6 mo
YTD
1 yr
Since inception
NVDAX
+8.01%
+1.18%
+22.53%
Pool-wide metrics
Structure & quality
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
“Ulkopuoliset talletuslaitokset suojaavat kaikki perustana olevat osakkeet siten kuin on sovittu säilytyssopimuksessa, jossa Kraken ei ole osapuolena.”
Verifier note: panel 3/3 confirmed (sourceDomains=1) | gpt: confirmed — The issuer page states that each NVDAx token is backed 1:1 by actual NVIDIA Corporation common shares and is fully collateralized by traditional shares held by a regulated external custodian. This est | anthropic: confirmed — The slot question asks about concentration of the underlying. The claim's concentration assertion (backing consists solely of NVIDIA common shares, single-equity concentration) is directly responsive, | kimi: confirmed — All material claims are supported by the Kraken NVDAx product page (assigned issuer-docs evidence, a required class). The page states each NVDAx token is pegged 1:1 to real NVIDIA Corporation Common S
Attributes the offering to xStocks and the EEA distributor (Payward Europe) but omits Backed Finance, the entity that actually issues the certificate (ev:6e15ea26, ev:991ee3e9). Conflates the brand/distributor with the issuing business; the issuer of record is not described.
“Offered by xStocks”
“xStocks-tuotteita tarjotaan ETA-alueen asiakkaille Payward Europe Digital Solutions (CY) Ltd:n kautta.”
Verifier note: panel 2/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — goal-fit: The sources support that NVDAx is an xStocks product providing indirect, tokenized exposure to NVIDIA shares and that Payward Europe Digital Solutions (CY) Ltd offers xStocks products to EEA | anthropic: confirmed — Both material claims are supported by the fetched sources, and they answer the slot question about the issuer's products and business/distribution model. Claim 1 (xStocks offers NVDAx as tokenized NVI | kimi: confirmed — Both material claims are supported by the union of fetched sources. (1) 'xStocks offers NVDAx as tokenized NVIDIA equity exposure' is directly supported by rwa.xyz: 'Offered by xStocks', 'Tokenized ve
Backers, auditor, and launch date.
Source documents from the issuer, hosted at the original source.
Independent layers of protection — the legal wrapper, the asset custodian, and third-party validators.
Protects holders if the issuer fails.
The transfer hook executes custom logic on every transfer.
Incorporate the default-frozen-account whitelist mechanism; distinguish venue purchase eligibility from on-chain transfer restrictions.
“Vain Krakenin yksityisasiakkaat tietyissä maissa voivat ostaa xStocks-tuotteita, joihin NVDAx lukeutuu.”
“Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs”
“Enables the authority to make new token accounts as frozen by default upon creation”
“Allow the token program to execute custom instruction logic on every token transfer”
Verifier note: panel 2/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — The sources support that Kraken limits NVDAx purchases to retail clients in specified countries and that the enabled transfer hook runs custom instruction logic on every transfer. However, the cited e | anthropic: confirmed — All three components answer the slot question (restricted jurisdictions, freezable, transfer-control) and are supported by assigned issuer-docs evidence (a required class). (1) The Kraken NVDAx page s | kimi: confirmed — All three parts of the claim are directly supported by the cited archived sources. (1) The Kraken page states in Finnish 'Vain Krakenin yksityisasiakkaat tietyissä maissa voivat ostaa xStocks-tuotteit
Third-party checks on the operation.
A permanent delegate can transfer or burn tokens from any account. The pausable configuration can halt transfers, minting, and burning.
Add the freeze-by-default and updatable-multiplier powers; state that no multisig/timelock/committee gating is evidenced.
“Mint Authority 7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj”
“Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs”
“Extensions defaultAccountState permanentDelegate transferHook metadataPointer confidentialTransferMint pausableConfig scaledUiAmountConfig tokenMetadata”
The settlement ladder for exiting your position.
Unsupported.
“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
Underlying / economic
NVDAx tracks NVIDIA stock, whose business faces export-control risk affecting H20 products
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
HSBC filed the offering under Rule 433
“Filed Pursuant to Rule 433 Registration No. 333-277211 June 18, 2026 FREE WRITING PROSPECTUS”
“Neither the U.S. Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of the Notes or passed upon the accuracy or the adequacy of this document”
Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The SEC-hosted filing identifies the document as a free writing prospectus filed pursuant to Rule 433 under Registration No. 333-277211. It also expressly states that neither the SEC nor any state sec | anthropic: confirmed — Both material claims are supported by the fetched FWP. Page 1 shows 'Filed Pursuant to Rule 433 Registration No. 333-277211' confirming HSBC filed the offering under Rule 433, and the disclosure 'Neit
Credit / counterparty
HSBC USA Inc
Investors face unsecured issuer credit risk without FDIC insurance or bank guarantees.
“All payments on the Notes are subject to the credit risk of HSBC USA Inc.”
“The purchaser of a Note will acquire a senior unsecured debt security of HSBC USA Inc. linked to the Reference Asset as described below.”
“Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value”
Verifier note: panel 2/2 confirmed (sourceDomains=1) | gpt: confirmed — The assigned SEC-filed prospectus establishes that HSBC USA Inc. is the issuer, the Notes are its senior unsecured debt securities, all payments are subject to its credit risk, and the Notes are neith | anthropic: confirmed — The claim answers the SLOT QUESTION (credit exposure inside the backing; the counterparty whose failure hits holders is HSBC USA Inc.). All material claims are supported by the fetched SEC FWP: 'All p
Hack / smart contract
Solana authorities can freeze accounts, pause transfers, permanently transfer or burn tokens, and execute transfer-hook logic
Unsupported and partly off-scope.
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“Enables the authority to make new token accounts as frozen by default upon creation”
“Allows the token program to pause all interactions including transfers, mints, and burns”
A permanent delegate can transfer or burn tokens from any account. The pausable configuration can halt transfers, minting, and burning.
Add the freeze-by-default and updatable-multiplier powers; state that no multisig/timelock/committee gating is evidenced.
“Mint Authority 7pt9tkctJPK7PPNQJ77GKg8ZffSF6QxoMiCFYHxrtaCj”
“Freeze Authority JDq14BWvqCRFNu1krb12bcRpbGtJZ1FLEakMw6FdxJNs”
“Extensions defaultAccountState permanentDelegate transferHook metadataPointer confidentialTransferMint pausableConfig scaledUiAmountConfig tokenMetadata”
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“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
yield source — searched, not found: The corpus establishes only optional third-party DeFi uses; it does not establish intrinsic NVDAx yield or economic yield allocation.
yield mechanics — searched, not found: The corpus does not establish issuer-paid yield, NAV accrual, rebasing, distributions, or any required staking step.
issuer entity — searched, not found: The corpus names xStocks, Backed Assets Final Terms Nr 19, and an EEA distributor, but not the exact legal issuing SPV, jurisdiction, wrapper, or Kraken acquisition chain.
launch date — searched, not found: The corpus provides no dated NVDAx or xStocks launch announcement.
operating history — searched, not found: The corpus provides no dated xStocks or Backed operating history, acquisition milestone, or non-volatile scale disclosure.
backers investors — searched, not found: The corpus identifies no investors or financial backers of the xStocks issuing structure.
key people — searched, not found: The corpus identifies neither xStocks or Backed founders nor current leadership, departures, or dated role changes.
issuer incidents — searched, not found: The corpus contains no regulator, audit, issuer, or aggregator evidence establishing incidents or establishing that none are known.
regulatory regime — searched, not found: The corpus provides no qualifying regulator or legal-terms evidence for NVDAx's offering regime.
legal vehicle — searched, not found: The corpus does not establish the issuing SPV, jurisdiction, or legal wrapper from legal terms or registry evidence.
bankruptcy remote — searched, not found: The corpus does not establish bankruptcy remoteness or its legal mechanism.
holder rights on failure — searched, not found: The corpus does not establish asset control, creditor priority, or holder recovery rights following issuer failure.
tax treatment — searched, not found: The corpus provides no disclosed tax treatment for NVDAx holders.
attestations — searched, not found: The corpus provides no qualifying reserve attestation or proof-of-reserves evidence.
attestation frequency — searched, not found: The corpus provides no independently attested reserve frequency or latest attestation date.
audits smart contract — searched, not found: The corpus provides no qualifying NVDAx smart-contract audit.
audits fund — searched, not found: The corpus provides no qualifying NVDAx fund or reserve audit.
upgradeability — searched, not found: The corpus does not establish contract upgradeability, upgrade authority, or an execution delay.
unilateral changes — searched, not found: The corpus provides no legal-terms evidence establishing changes permitted without holder consent.
redemption minimum — searched, not found: The corpus discloses a USD 100 minimum redemption fee, but no minimum redemption amount.
settlement time — searched, not found: The corpus does not disclose standard NVDAx direct-redemption settlement timing.
redemption cap — searched, not found: The corpus does not disclose NVDAx redemption caps, windows, notice periods, or queue treatment.
risk credit — searched, not found: The corpus does not directly disclose NVDAx issuer-credit protections, insolvency ranking, or bankruptcy-remoteness.
risk redemption gate — searched, not found: The corpus does not disclose NVDAx redemption gates, aggregate limits, notice periods, or stressed-exit procedures.
min investment — searched, not found: The corpus discloses fee minimums but no minimum initial NVDAx investment.
“### 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,
Unverifiable.
“Backed Assets Final Terms Nr 19 (NVDAx)”
Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — The fetched rwa.xyz page for NVDAx contains, under the 'Legal & Regulatory' > 'Terms' field, the exact string 'Backed Assets Final Terms Nr 19 (NVDAx)', matching the claimed quote verbatim. This estab | kimi: unsupported — goal-fit: the slot requires one fact per key document giving type, date, and the URL at the original source; the claim itself concedes date undisclosed and original-source URL unavailable, so it does
Internal inconsistency across slots.
“Hyväksytyt asiakkaat voivat nyt sijoittaa tokenisoituihin osakkeisiin ja ETF:iin. Lataa Kraken-sovellus, niin pääset alkuun.”
“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
Unsupported scope + jurisdiction conflict.
“Vain Krakenin yksityisasiakkaat tietyissä maissa voivat ostaa xStocks-tuotteita, joihin NVDAx lukeutuu.”
“Hyväksytyt asiakkaat voivat nyt sijoittaa tokenisoituihin osakkeisiin ja ETF:iin. Lataa Kraken-sovellus, niin pääset alkuun.”
“xStocks-tuotteita tarjotaan ETA-alueen asiakkaille Payward Europe Digital Solutions (CY) Ltd:n kautta.”
Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited Kraken retail page addresses platform purchase eligibility, not investor classes for direct mint/redeem versus secondary holding or the applicable KYC tiers and excluded jurisdicti | anthropic: unsupported — goal-fit: The slot question asks specifically about investor classes for direct mint/redeem (accredited investor? qualified purchaser? KYC tier?) versus secondary holding, and the list of excluded jur | kimi: confirmed — All three claimed quotes appear verbatim in the archived snapshot. The FAQ states only Kraken retail clients in certain countries may buy xStocks products including NVDAx, the CTA states approved clie
Partially unsupported.
“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
“Custodian Legal Identifier Alpaca Securities LLC 0001702580”
Verifier note: panel 1/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | kimi: confirmed — Both material parts of the claim are supported by the union of the cited sources, and the assigned evidence is of a required class (regulator). Kraken states NVDAx is a tokenized share backed 1:1 by N
Thinly supported; no historical episode in evidence.
“NVDAX is part of the broader xStocks ecosystem, traded on centralized exchanges like Gate and BitMart, and integrated into DeFi platforms.”
“Raydium Clmm: Swap V2”
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”
Verifier note: panel 0/4 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — The fetched sources support the trading-venue facts: CoinMarketCap (aggregator) states NVDAX is 'traded on centralized exchanges like Gate and BitMart, and integrated into DeFi platforms,' and the Sol | kimi: unsupported — Trading venues are supported: CMC AI confirms centralized-exchange trading (Gate, BitMart) and the Solana explorer shows Raydium CLMM swap activity, i.e., Solana DEX trading. But the material risk mec | gpt: unsupported — goal-fit: The sources support that NVDAx is traded on named centralized exchanges and show at least one successful Raydium CLMM swap involving the cited Solana token address. However, this does not an
Unsupported.
“Vain Krakenin yksityisasiakkaat tietyissä maissa voivat ostaa xStocks-tuotteita, joihin NVDAx lukeutuu.”
“xStocks-tuotteita tarjotaan ETA-alueen asiakkaille Payward Europe Digital Solutions (CY) Ltd:n kautta.”
“Avaa Kraken-sovellus ja vahvista kelpoisuutesi ja suorita tilin varmennuksen vaiheet.”
Verifier note: lost head-to-head to incumbent 130c7c88-84bf-496b-bc1e-8ff18545fb41: The incumbent directly addresses registration status and regulatory approval, naming Rule 433, Registration No. 333-277211, the SEC, state securities commissions, and the June 18, 2026 filing date. Its SEC evidence expressly supports both statements. The new claim supports current retail-client eligibility restrictions in certain countries and an EEA provider, but its assertion about future regulatory changes and holder impact is vague and not directly supported by the cited evidence.
Unsupported.
“Custodian Legal Identifier Alpaca Securities LLC 0001702580”
“Kaikilla xStocks-tuotteilla, NVDAx mukaan lukien, on täytenä vakuutena perinteiset osakkeet, jotka ovat säännellyn ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 1/4 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | kimi: confirmed — RWA.xyz explicitly lists Custodian: Alpaca Securities LLC (Legal Identifier 0001702580) for NVDAx, and Kraken confirms the backing shares sit with an external third-party custodian under a custody agr | gpt: unsupported — goal-fit: The claim identifies a custodian and says backing shares are safeguarded, but it does not address the consequences of custodian or operational-provider failure or concentration across provid
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
“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) | gpt: unsupported — goal-fit: The source establishes that NVDAx can generate losses, including loss of the entire investment, and that returns vary with NVIDIA’s underlying share value. However, the claim addresses a gen | anthropic: unsupported — evidence class mismatch | kimi: confirmed — The archived Kraken NVDAx page (Finnish locale) contains both cited quotes verbatim: the FAQ states capital is at risk and investors can lose the entire sum invested in any xStock, including NVDAx, an
Overreach; evidence shows secondary trading occurred, not a redemption mechanism.
“Raydium Clmm: Swap V2”
“Associated Token Program: Create Idempotent Jupiter: Route Token Program: Transfer Checked”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited transaction-history snippets show successful Raydium and Jupiter-labeled instructions involving the token, but they do not establish that token holders can exit, identify the swaps | anthropic: unsupported — goal-fit: The slot demands, per disclosed exit path, method + settlement timing + minimum + caps/gates + fee. The claim only asserts that holders can swap on Raydium/Jupiter 'subject to available mark | kimi: unsupported — The archived explorer history shows one successful "Raydium Clmm: Swap V2" and one "Jupiter: Route" transaction touching the token's address, which establishes that the token appears in Raydium/Jupite
Unsupported/unverifiable as written.
“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 0/4 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | kimi: unsupported — evidence class mismatch. The specific atomic values (0.50% fee, USD 100 minimum) appear only on app.rwa.xyz, a third-party data aggregator, which is not a legal-terms, issuer-docs, or onchain source. | gpt: unsupported — evidence class mismatch
“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
Frame BitGo/Alpaca as examples cited by the source, not a verified complete custodian set; note regulator/charter and segregation detail are unavailable.
“real NVDA shares are held in custody by regulated institutions (e.g., BitGo, Alpaca Securities).”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The cited CMC AI page names BitGo and Alpaca Securities but does not establish their regulator or charter or describe the account-segregation model. It is also not assigned evidence of a req | anthropic: unsupported — evidence class mismatch | kimi: unsupported — goal-fit: the claim names example custodians but provides no regulator/charter and no account segregation model, so it does not answer the slot question. evidence class mismatch — the only support is
“The token is a "tracker certificate" issued by entities like Backed Finance.”
“Backed Assets Final Terms Nr 19 (NVDAx)”
Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt: contradicted — goal-fit: The claim does not give the exact issuing entity and vehicle. RWA.xyz identifies the issuer as “Backed Assets,” not “Backed Finance,” and lists “Backed Assets Final Terms Nr 19 (NVDAx).” Coi | anthropic: contradicted — The required-class evidence (rwa.xyz registry/legal-terms) explicitly names the Issuer as 'Backed Assets' (Issuer LEI 984500001AB7C6C7F577, domiciled Jersey, Channel Islands) under 'Backed Assets Fina
Lists only Alpaca Securities LLC as custodian. Evidence also names Backed as the redemption service provider (ev:30ddc415) and Payward Europe Digital Solutions (CY) Ltd as the EEA distributor (ev:f59be3e7); these named service providers are omitted.
“Custodian Legal Identifier Alpaca Securities LLC 0001702580”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | kimi: unsupported — evidence class mismatch
“Jokainen digitaalinen NVDAx -token on sidottu suhteessa 1:1 oikeisiin NVIDIA Corporation Common Stock -osakkeisiin, jotka ovat ulkopuolisen säilytyspalvelun hallussa.”
Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: The issuer content states that each NVDAx token is backed 1:1 by NVIDIA Corporation common stock held by a third-party custodian, but it provides no as-of date for that disclosed holding. Th | anthropic: unsupported — evidence class mismatch | kimi: confirmed — The Kraken xStocks page explicitly states each NVDAx token is tied 1:1 to real NVIDIA Corporation Common Stock held by a third-party custodian, and the FAQ reiterates that all xStocks including NVDAx
Value is '100%' only. The slot asks for the mechanism that maintains the ratio; evidence describes 1:1 collateralization plus arbitrage mechanisms with oracles feeding stock data on-chain (ev:4da6a72a). The maintenance mechanism is available but not stated.
“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: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | kimi: unsupported — evidence class mismatch
“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 1/3 confirmed (sourceDomains=1) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — goal-fit: The SLOT QUESTION requires the disclosed reserve breakdown (instruments, weights) AND the as-of date of that disclosure. The Kraken source does substantiate the descriptive backing elements | kimi: confirmed — Both material claims are directly supported by the archived Kraken issuer page (assigned issuer-docs evidence). The page states each NVDAx token is pegged 1:1 to real NVIDIA Corporation Common Stock h
The legal nature of the claim (debt certificate / unsecured obligation vs. clean redemption right) should be surfaced, not just the redemption path.
“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.”
“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 1/4 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch: the required evidence class for this slot is legal-terms, but all assigned evidence (d95f5cae, 89421d0d, 152d74db, 0741f31b, 24ce272d) and the fetched content are issuer/excha | kimi: confirmed — The archived Kraken NVDAx page directly supports every element of the claim. The FAQ states: 'Tokenien haltijat voivat lunastaa xStock-tuotteitaan Backed-palvelun kautta (lisämaksusta)' — holders can | gpt: unsupported — evidence class mismatch
“Tokenisoitu NVIDIA (NVDAx) on tokenisoitu osake – eräänlainen lohkoketjuun perustuva varallisuuslaji, joka edustaa NVIDIA Corporation Common Stock -osakkeita.”
“NVDAx on xStocks-tuote. Kaupankäynti näillä tuotteilla mahdollistaa epäsuorat sijoitukset pörssinoteerattujen yritysten osakkeisiin, mutta ilman omistusta perustana olevasta NVIDIA Corporation Common Stock -osakkeesta.”
Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: confirmed — Assigned issuer evidence identifies the underlying asset as NVIDIA Corporation common stock: each NVDAx token is linked 1:1 to actual shares held by a third-party custodian and provides indirect econo | anthropic: contradicted — The cited Kraken issuer-doc page (issuer-docs class, satisfying the required evidence class) clearly and repeatedly identifies the underlying asset of NVDAx as NVIDIA Corporation Common Stock — a publ | kimi: contradicted — The cited Kraken page explicitly states NVDAx is a tokenized stock ('tokenisoitu osake') pegged 1:1 to NVIDIA Corporation Common Stock held by a third-party custodian. The underlying asset is publicly
Holders receive indirect price exposure and redemption access, but no ownership or shareholder rights in those shares.
“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.”
“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 1/3 confirmed (sourceDomains=1) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | kimi: confirmed — Every material claim is supported by the archived Kraken page (assigned as issuer-docs, satisfying the required evidence class). The page states NVDAx is an xStocks tokenized share representing NVIDIA
“|Principal Amount|$1,000 per Note|”
Verifier note: panel 0/2 confirmed (sourceDomains=1) | gpt: unsupported — goal-fit: “$1,000 per Note” states the principal amount or denomination of each Note, not a minimum initial subscription or purchase requirement. | anthropic: unsupported — evidence class mismatch
“Following KYC and AML checks and once otherwise permissioned, users may mint USDe by transferring their digital assets (specifically, USDC or USDT) to the Ethena Protocol’s minting smart contract to serve as backing for USDe.”
Verifier note: panel 1/3 confirmed (sourceDomains=1) | gpt: unsupported — evidence class mismatch | anthropic: confirmed — The Ethena Labs SEC submission directly states: 'Following KYC and AML checks and once otherwise permissioned, users may mint USDe by transferring their digital assets...' This is an issuer-doc/regula | gpt: unsupported — evidence class mismatch
No on-chain attack-surface or admin-key disclosure for any NVDAx token exists in the evidence.
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“Allows the token program to pause all interactions including transfers, mints, and burns”
Verifier note: lost head-to-head to incumbent 28bb2e66-a9f3-45f1-9f1b-98e0dd2e53d8: The incumbent more fully answers the attack-surface slot by identifying four distinct authority capabilities, each supported by its own cited evidence: default account freezing, pausing, permanent-delegate transfers or burns, and an updatable UI-amount multiplier.
The corpus contains no redemption-fee data for any NVDAx/Backed product; this candidate must be dropped.
“Redemption fee is 0.50% of market price with a minimum of USD 100.”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | gpt: unsupported — evidence class mismatch
admin_powers should also list the updatable scaled-UI multiplier authority per ev:3e460aa8.
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“Allows the token program to pause all interactions including transfers, mints, and burns”
Verifier note: panel 1/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The source confirms that the mint has enabled permanent-delegate and pausable-config extensions and describes their powers. However, it does not identify the addresses or entities holding th | anthropic: confirmed — Both material assertions map verbatim to the archived Solana Explorer token-extensions page for NVIDIA xStock (mint Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh). The Permanent Delegate extension reads
“Tokenized version of NVIDIA Corporation.”
“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: panel 0/3 confirmed (sourceDomains=2) | gpt: unsupported — evidence class mismatch | anthropic: unsupported — evidence class mismatch | gpt: unsupported — evidence class mismatch
unknown
“Beyond simple price exposure, NVDAX can be used in decentralized finance protocols for lending, borrowing, or earning yield.”
Verifier note: panel 0/2 confirmed (sourceDomains=1, disputed) | gpt: unsupported — goal-fit: The aggregator says NVDAX can be used in third-party DeFi protocols for lending, borrowing, or earning yield, but it does not answer how yield reaches holders—NAV accrual, rebase, or distrib | anthropic: unsupported — evidence class mismatch
Investors can redeem subject to equivalent fees or trade through supported secondary markets.
“Subscription fee is 0.50% of market price with a minimum of USD 100.”
“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.”
“Redemption fee is 0.50% of market price with a minimum of USD 100.”
“Raydium Clmm: Swap V2”
Verifier note: panel 0/1 confirmed (sourceDomains=3) | gpt: contradicted — RWA.xyz states that the minimum primary-market investment is USD 5,000 and that the USD 100 minimum applies to the subscription fee, not the subscription amount. It also limits eligible subscribers to
Sole cited ID 991ee3e9 is absent from the corpus. The existence of 'Backed Assets Final Terms Nr 19 (NVDAx)' cannot be verified against the supplied evidence.
“Backed Assets Final Terms Nr 19 (NVDAx)”
Verifier note: panel 1/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — The archived RWA.xyz page names “Backed Assets Final Terms Nr 19 (NVDAx)” under Terms, but RWA.xyz is not assigned regulator evidence and does not provide the document date or an original-source URL. | anthropic-family: confirmed — The archived rwa.xyz page for NVDAx contains a 'Terms' field reading exactly 'Backed Assets Final Terms Nr 19 (NVDAx)', matching the claimed quote verbatim. The claim identifies this as the final-term | kimi-family: unsupported — goal-fit: the slot question requires each key document's type, date, and original-source URL. The cited rwa.xyz page confirms only that a document named 'Backed Assets Final Terms Nr 19 (NVDAx)' exist
Both cited IDs (6e15ea26, 1bc9bf76) are absent from the corpus. The claim that holders depend on institutions holding NVIDIA shares supporting the tracker certificate has no support in the supplied evidence.
“The token is a "tracker certificate" issued by entities like Backed Finance.”
“real NVDA shares are held in custody by regulated institutions (e.g., BitGo, Alpaca Securities).”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch
unverifiable
“The token is a "tracker certificate" issued by entities like Backed Finance.”
“Backed Assets Final Terms Nr 19 (NVDAx)”
Verifier note: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — goal-fit: “tracker certificate” describes the investment instrument, not the legal wrapper protecting holders (such as an LP, trust, SPV, or foundation). The cited RWA.xyz registry also identifies Bac | anthropic-family: contradicted — The tracker-certificate framing (CMC AI: 'tracker certificate issued by entities like Backed Finance') and the 'Backed Assets Final Terms Nr 19 (NVDAx)' terms reference (rwa.xyz) are both supported. H | kimi-family: unsupported — Two problems. (1) The 'tracker certificate' characterization rests solely on an AI-generated CMC article that hedges — 'issued by entities like Backed Finance' — which is vaguer than claimed and infer
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”
“Tokenized version of NVIDIA Corporation.”
Verifier note: panel 0/2 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch
Issuer of record is Backed (Backed Assets Final Terms Nr 19); xStocks is the distribution brand.
“Offered by xStocks”
“NVDAX is part of the broader xStocks ecosystem, traded on centralized exchanges like Gate and BitMart, and integrated into DeFi platforms.”
Verifier note: panel 0/3 confirmed (sourceDomains=2, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch
“Price tracking is maintained through this 1:1 collateralization and arbitrage mechanisms, with oracles feeding real-time stock data on-chain.”
“The common stock of NVIDIA Corporation (Ticker: NVDA) (the “Company”).”
Verifier note: panel 0/3 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch. The dossier plan assigns no evidence of a required class (attestation, audit, issuer-docs) to this slot. The CoinMarketCap page is AI-generated summary content (explicitly "CM | gpt-family: unsupported — evidence class mismatch
“Tokenized version of NVIDIA Corporation.”
“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: panel 0/3 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | gpt-family: unsupported — evidence class mismatch
discover · claude · ok · 2s · 20 links
discover · codex · ok · 87s · 109 links
ingest · ingest · weak
plan · plan · ok
synthesize · synthesize · ok
13 of 35 fields verified · 0 unverified · 25 not found
Run 2026-08-04T17:27:36.272Z · done · cost $0.00
Automated research, human-reviewed. Verify against source documents before credit decisions.
+12.87%
+16.95%
+20951.81%
Benchmark
3M T-BILL
+0.32%
+0.89%
+1.79%
+2.11%
+3.68%
+3.96%
“Delegates permanent authority to a specific address that can transfer or burn tokens from any account holding this token”
“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
“Allow the token program to execute custom instruction logic on every token transfer”
Verifier note: panel 2/3 confirmed (sourceDomains=1, disputed) | gpt: unsupported — The explorer supports that this specific NVDAx Token-2022 mint has enabled permanent-delegate, default-account-state, pausable, and transfer-hook extensions. However, the narrative inaccurately attrib | anthropic: confirmed — All four material capability claims are verbatim-supported by the cited Solana Explorer token-extensions page for NVIDIA xStock (Xsc9...qEh): Permanent Delegate ('...can transfer or burn tokens from a | kimi: confirmed — All four mechanisms in the claim are verbatim-supported by the archived Solana Explorer token-extensions page for this mint: Permanent Delegate is enabled and 'can transfer or burn tokens from any acc