Latest NVIDIA tokenized stock (xStock) (NVDAX) News Update

Deep Dive

1. @BitMartExchange: Exchange adoption fuels accessibility bullish

"Now, BitMart users can trade tokenized stocks [...] $NVDAx [...] with the same user-friendly experience they know."
– @xStocksFi (12M followers · 1.2M impressions · 2025-08-19 09:30 UTC)
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What this means: This is bullish for NVDAX because BitMart’s integration with 12M+ users across 180 countries enhances liquidity and reduces entry barriers for retail traders seeking NVIDIA exposure via crypto rails.

2. Technical traders: RSI extremes spark debate mixed

"RSI Overbought(15m) 1. NVDAX $183.03 80.77 [...] RSI Oversold(15m) 2. NVDAX $173.05 26.20" (CoinMarketCap)
– Community post (2025-08-10 09:17 UTC)
What this means: Mixed signals – the 15-minute RSI swung from severely oversold (26.2) to overbought (80.77) within 10 days, suggesting volatile intraday speculation. Traders debate whether this reflects healthy price discovery or excessive leverage.

3. Derivatives traders note OI buildup neutral

"OI Gainers (15m) [...] 6. NVDAX 1.26M +7.65%" (CoinMarketCap)
– Community post (2025-08-07 06:56 UTC)
What this means: Neutral implication – rising open interest during NVDAX’s sideways price action (-0.13% 24h change as of 2025-09-12) could indicate accumulating positions ahead of NVIDIA’s next earnings catalyst.

Conclusion

The consensus on NVDAX is mixed, balancing exchange-driven liquidity growth against technical overextension risks. While BitMart’s integration signals mainstreaming of tokenized equities, conflicting RSI readings and flat price action suggest cautious positioning. Watch NVIDIA’s next earnings release (historically correlated with NVDAX volatility) and the xStocks Alliance’s next exchange partnership announcement for directional cues.

Deep Dive

1. Bitget Adds NVDAX Futures (20 August 2025)

Overview: Bitget introduced NVDAX as part of its RWA Futures suite, offering USDT-settled perpetual contracts. Traders can hedge or speculate on NVIDIA’s stock performance 24/7, mirroring crypto futures mechanics.

What this means: This is bullish for NVDAX as it taps Bitget’s $1.38T derivatives liquidity (Bitget), though leverage risks could amplify volatility.

2. BitMart Joins xStocks Alliance (19 August 2025)

Overview: BitMart listed NVDAX alongside nine other tokenized stocks, expanding access to its 12M users. The xStocks Alliance now spans 180+ countries with on-chain settlement.

What this means: Neutral for NVDAX – broader distribution offsets regulatory uncertainty in restricted regions (xStocks).

3. Gate Launches xStocks Trading (3 July 2025)

Overview: Gate integrated NVDAX spot and futures (1x-10x leverage), backed 1:1 by NVIDIA shares. Trading pairs include NVDAX/USDT, with $609K 24h volume as of September 2025.

What this means: Bullish for liquidity, though open interest remains modest at $1.26M (Gate).

Conclusion

NVDAX’s exchange footprint and product integrations reflect growing demand for tokenized equities, though regulatory gray areas persist. Will NVIDIA’s AI-driven stock momentum translate to sustained crypto-market interest?

Deep Dive

1. BitMart Exchange Integration (19 August 2025)

Overview: NVDAX became available for spot trading on BitMart as part of the xStocks Alliance expansion (xStocks announcement). BitMart’s 12M+ user base gains access to NVIDIA’s AI growth narrative alongside traditional stocks like Tesla and Apple.
What this means: Neutral for NVDAX, as exchange listings typically boost liquidity but don’t directly affect intrinsic value. Monitor 24h volume post-launch (current: $2.25M) for sustained demand.

2. Gate.io Perpetual Futures (3 July 2025)

Overview: Gate.io introduced NVDAX perpetual futures with up to 10x leverage, settling in USDT (Gate.io launch). This followed NVDAX’s initial listing on Phemex in July 2025.
What this means: Bullish for trading activity – derivatives often amplify price volatility. However, open interest remains low ($1.26M as of 7 August 2025), suggesting cautious adoption.

3. Bitget RWA Futures (20 August 2025)

Overview: Bitget added NVDAX to its RWA futures suite, enabling 24/7 exposure to NVIDIA’s stock amid AI sector growth (Bitget update).
What this means: Bullish for institutional interest, as Bitget’s 25M+ users gain regulated-compliant access. Risks include potential decoupling from NVDA’s Nasdaq price during crypto volatility.

4. DeFi Collateral Integration (No Date)

Overview: Backed Finance’s xStocks framework allows NVDAX to be used as DeFi collateral (e.g., lending protocols), though no active integrations are confirmed (Bitrue blog).
What this means: Neutral until execution – DeFi utility could enhance demand but depends on Ethereum/Solana ecosystem adoption.

Conclusion

NVDAX’s roadmap prioritizes exchange accessibility and derivatives products, leveraging NVIDIA’s AI leadership while navigating crypto-native risks like liquidity fragmentation. With turnover at 1.69 (high liquidity), watch for divergence from NVDA’s stock price during macro tech-sector shifts. How might regulatory scrutiny of tokenized equities impact NVDAX’s cross-chain ambitions?

Deep Dive

1. Product fundamentals

NVDAX remains a dual-chain (Ethereum/Solana) tokenized equity instrument tracking NVIDIA’s stock price, unchanged since its 2023 launch. The June 2025 Backed Assets documentation refresh focused on:
- Legal disclaimers for non-US professional investors
- Custodian partnerships with Alpaca Securities and Swiss banks
- Clarification of 0.25% potential future management fee

2. Technical considerations

As a tracker certificate rather than a protocol-native token, NVDAX’s “codebase” refers to:
- ERC-20/SPL wrapper contracts (unchanged per last audit)
- Off-chain asset custody mechanisms
- Regulatory compliance layers for investor verification

Conclusion

NVDAX prioritizes regulatory compliance over technical iteration, with its value proposition tied to NVIDIA’s AI-driven stock performance rather than blockchain innovation. How might expanding tokenization standards (like ERC-7621 for synthetic assets) impact future iterations of stock-tracker tokens?