
Backed NVIDIA (bNVDA) is a tokenised tracker certificate issued as an ERC-20 token. It tracks the price of NVIDIA Corporation’s common stock and is fully backed 1:1 by the underlying equity. The token is designed to provide blockchain-based access to the performance of NVIDIA shares for eligible market participants.
Backed classifies its tokenised products into two categories: bTokens and xStocks. bTokens offer onchain exposure to equities and fixed income assets, while xStocks specifically provide access to tokenised shares of listed companies. bNVDA is issued under the xStocks category.