Tokenized Nvidia ($NVDA) Now Available on Solana

Backpack expands its tokenized stock lineup on Solana with Nvidia ($NVDA). Each $NVDA token is tradable 24/7 and redeemable 1:1 for a traditional share of Nvidia (Nasdaq: NVDA) through Backpack Securities.

Token details

About Nvidia

NVIDIA Corporation (Nasdaq: NVDA) is a semiconductor company headquartered in Santa Clara, California, incorporated in 1993. It began in PC graphics and later applied the same chip architecture to artificial intelligence and accelerated computing. It reports through two segments: Compute and Networking, covering data center and automotive platforms, and Graphics, covering GeForce GPUs for gaming and PCs along with Quadro and RTX GPUs for enterprise workstations.

Moving between $NVDA and traditional NVDA shares

$NVDA and traditional NVIDIA Corporation (Nasdaq: NVDA) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Nvidia from Backpack Exchange to tokenize it into $NVDA on Solana.

Deposit $NVDA from a Solana wallet to Backpack Exchange to convert it back into the underlying NVDA share held in Backpack Securities.

How to trade $NVDA

You can trade Backpack-issued $NVDA on Solana using Backpack Wallet.

$NVDA is also accessible across the Solana ecosystem, including decentralized exchanges, aggregators, wallets, and apps such as Backpack, fomo, Titan, Jupiter, Phantom, Solflare, Raydium, Kamino, and others.

Unlike most tokenized stocks that only track a price, tokenized securities issued by Backpack, including $NVDA, are:

• Redeemable 1:1 for real underlying shares
• Transferable to traditional brokerages