Visa tokenized stock (xStock) PriceVX

What is Visa tokenized stock (xStock) (VX)?

Visa tokenized stock (xStock) (VX) is a tokenised tracker certificate issued as both Solana SPL and ERC-20 tokens. It tracks the price of Visa Inc. Class A stock, providing eligible cryptocurrency market participants with regulatory-compliant access to the stock price of Visa Inc. Class A while maintaining the benefits of blockchain technology. The underlying is Visa Inc. Class A stock (NYSE: V); Visa is a global digital payments technology company that facilitates transactions between consumers, merchants and financial institutions in over 200 countries. Each VX digital token is backed 1:1 by real Visa Inc. shares held by a third-party custodian. The product is part of the xStocks family, issued by Backed (Backed.fi). VX is designed for indirect exposure to publicly traded Visa shares, though holding the token does not constitute ownership of the underlying stock nor convey any shareholder rights. The token is issued on Solana as an SPL token and as an ERC-20 token on Ethereum-compatible networks (the ERC-20 contract is deployed on Chain ID 1). With a circulating supply of approximately 1.24K VX and a total supply of roughly 286.94K VX, the project is in an early-stage phase with limited but growing adoption.

Key Specifications & Tokenomics

• Name: Visa tokenized stock (xStock)
• Ticker / Symbol: VX
• Token Standard: Solana SPL and ERC-20
• Underlying Asset: Visa Inc. Class A stock
• Issuer / Product Family: xStocks (Backed / Backed.fi)
• Smart Contract (ERC-20, Chain ID 1): 0x2363fd1235c1b6d3a5088ddf8df3a0b3a30c5293
• Smart Contract (Solana SPL): XsqgsbXwWogGJsNcVZ3TyVouy2MbTkfCFhCGGGcQZ2p
• Category: Tokenised Stock, DeFi, Tokenised Assets
• Circulating Supply: Approximately 1.24K VX
• Total Supply: Approximately 286.94K VX
• Max Supply: Not capped
• Market Cap: Approximately $468.79K (CoinMarketCap, as at 9 October 2026)
• Fully Diluted Market Cap: Approximately $107.91M
• Holders: Approximately 2.23K (CoinMarketCap, as at 9 October 2026)

Who created Visa tokenized stock (xStock)?

VX is issued by Backed (Backed.fi) under the xStocks product line; the official product page is assets.backed.fi/products/visa-xstock. The underlying asset is Visa Inc. Class A stock, and the tokenised product is designed to give cryptocurrency market participants compliant exposure to Visa's stock price. The product is distributed through various platforms and is accessible via the official xStocks website and social channels. Third-party depositary institutions secure all underlying stocks in accordance with a custody agreement, ensuring full collateralisation of all xStocks, including VX.

How does Visa tokenized stock (xStock) work?

VX functions as a blockchain-based tracker certificate. Each token is backed 1:1 by actual Visa Inc. shares held in custody by a regulated third-party depositary institution. When a user purchases VX, they gain indirect exposure to the price movements of Visa Inc. Class A stock without owning the underlying shares. The tokens are issued on both Solana as SPL tokens and on Ethereum-compatible networks as ERC-20 tokens, allowing for flexibility across different blockchain ecosystems. xStocks can be traded 24/5, providing access outside traditional market hours, with weekend trading availability in development. Holders can redeem their xStocks with Backed for an additional fee, or sell them for USD, crypto or stablecoins on supported venues such as Kraken. Purchasing VX is possible using cryptocurrency, stablecoins, or USD, and fractional shares are available with investments starting as low as $1 per xStock. VX tokens can be withdrawn to any compatible on-chain wallet. Investing in VX does not grant ownership rights over the underlying Visa stock, nor does it entitle holders to receive information from Visa Inc.

Eligibility is restricted: xStocks are not available in the USA, and only eligible clients in certain countries can purchase them. Backed's products are prohibited for US citizens, US residents and anyone otherwise taxable in the United States.

What makes Visa tokenized stock (xStock) unique and valuable?

VX offers a distinctive combination of traditional equity exposure and blockchain efficiency. Unlike direct stock ownership, tokenised equities like VX provide more flexible, transparent, and accessible trading, allowing for 24/5 trading in eligible geographies worldwide. The 1:1 backing by real Visa Inc. shares held by a regulated third-party custodian ensures full collateralisation. This structure enables eligible investors in supported jurisdictions to gain exposure to one of the world's largest digital payments companies using cryptocurrency or stablecoins, without needing access to traditional brokerage accounts. Fractional investment starting at $1 lowers the barrier to entry. The dual-chain issuance on Solana and Ethereum-compatible networks enhances interoperability and accessibility. Additionally, VX represents a growing trend of real-world asset tokenisation, bridging traditional finance and decentralised ecosystems. However, it is important to note that VX does not convey shareholder rights, and its value is not widely recognised by the broader market. As with any tokenised asset, the token's price can fluctuate significantly and may differ across trading venues.

xStocks are not available in the USA and are subject to geographic restrictions; only eligible clients in certain countries can purchase them.

What is Visa tokenized stock (xStock) used for?

The primary use of VX is to provide blockchain-based exposure to the market price of Visa Inc. Class A stock. It allows cryptocurrency market participants to gain indirect exposure to Visa's share price movements without purchasing traditional shares. VX can be used for portfolio diversification within crypto ecosystems, enabling holders to speculate on or hedge against Visa's stock performance using digital assets. It also serves as a tool for accessing US equity exposure in a regulatory-compliant manner for eligible participants in supported jurisdictions. The token can be traded on supported platforms, withdrawn to compatible on-chain wallets, and redeemed according to issuer terms. Additionally, VX contributes to the broader tokenised asset ecosystem, facilitating the integration of traditional financial instruments into decentralised finance (DeFi) applications and enabling programmable finance use cases through smart contracts.

xStocks are not available in the USA and are subject to geographic restrictions; only eligible clients in certain countries can purchase them.

How Is the Visa tokenized stock (xStock) ecosystem developing?

The VX ecosystem is in an early stage, with a relatively small circulating supply and a limited number of holders. As at 9 October 2026, the token was listed on two active markets, with 24-hour turnover of about 1.4% of market cap (CryptoSlate). The xStocks product family continues to expand, with similar tokenised stocks available for other major companies. The underlying platform supports multi-chain issuance, and the development of weekend trading capabilities indicates ongoing efforts to improve accessibility. Separately, Visa offers the Visa Tokenized Asset Platform (VTAP), a developer capability that lets banks tokenise fiat currencies on blockchain networks (developer.visa.com). VTAP is unrelated to VX, which is issued by Backed. While VX is a separate product from VTAP, both reflect the broader trend of integrating blockchain technology with traditional financial infrastructure. The ecosystem's growth will depend on increased adoption, liquidity, and regulatory clarity in supported regions.

How to mine Visa tokenized stock (xStock)?

VX is not mined or staked. Tokens are minted and redeemed by the issuer, Backed, against Visa Inc. shares held by a regulated third-party custodian; holders can redeem with Backed for an additional fee or sell on supported venues. Supply is managed by the issuer and is not capped. The token's value is derived from the underlying Visa Inc. Class A stock price, not from network consensus rewards. Participants do not earn VX by validating transactions or providing computational power; instead, they acquire VX through supported platforms using cryptocurrency, stablecoins, or USD. There are no block rewards or validator incentives associated with VX.

How to keep your Visa tokenized stock (xStock) safe?

To keep your VX tokens safe, store them in a compatible on-chain wallet that supports Solana SPL or ERC-20 tokens, depending on which blockchain version you hold. Use hardware wallets for enhanced security when holding significant amounts. Always verify contract addresses before interacting with any token, and ensure you are using official platforms and links. Since VX tokens can be withdrawn to any compatible on-chain wallet, maintaining control of your private keys is essential. Be cautious of phishing attempts and fake tokens that mimic VX. Enable two-factor authentication on any exchange accounts you use. Keep your wallet software updated and avoid sharing seed phrases or private keys with anyone. Liquidity may be lower than that of mainstream crypto assets, so exercise additional caution when trading, and be aware that market data may vary across sources. Regularly review the official xStocks website and social channels for updates and security advisories. As with any tokenised asset, understand the redemption terms and custody arrangements before investing.

Risks and uncertainties apply. The token's price can fluctuate sharply with the underlying share price and broader market conditions. Regulatory treatment of tokenised assets may change in supported jurisdictions, which could affect availability or redemption. Technical risks include smart contract vulnerabilities, wallet security and the reliability of the blockchains on which the token is issued. Full collateralisation does not eliminate issuer or custodian risk: redemption depends on the issuer's terms and fees, and the token's value can still fall sharply with the underlying share price.

This article is for general information only and does not constitute investment advice.