Marvell xStockPrice

(MRVLX)

MRVLx is a tokenized tracker certificate issued by Backed Assets, available on blockchain networks like Ethereum and Solana. It is designed to mirror the price of Marvell Technology, Inc. (MRVL) common stock. While it is not the stock itself, it functions as a blockchain-native instrument that allows users to gain exposure to the underlying asset's value through a digital token format.

Yes, each MRVLx token is backed 1-to-1 by a real share of Marvell Technology stock held in custody by regulated third-party institutions. While retail users typically realize value by selling the token for stablecoins or fiat on platforms like LBank, the structure ensures the token represents a legitimate claim on the underlying asset's value. Direct redemption for physical shares is generally reserved for eligible professional investors who complete a specific onboarding process.

Holding MRVLx does not grant voting rights in Marvell Technology’s corporate meetings. Regarding dividends, cash payments are not distributed directly to token holders. Instead, dividends are typically reinvested into the underlying asset. This is reflected through a multiplier mechanism that adjusts the value of the token holdings relative to the stock price, allowing holders to benefit from the reinvestment over time.

MRVLx can be traded on centralized exchanges like LBank and various decentralized platforms. One of the main advantages of MRVLx is its 24/7 availability on the blockchain, allowing for trading outside of traditional stock market hours. However, users should note that liquidity may vary during weekends or holidays when the underlying US stock market is closed. This product is strictly prohibited for US persons due to regulatory restrictions.

Since MRVLx is issued as a standard ERC-20 or Solana token, you can withdraw it from an exchange to any compatible self-custody wallet. The price is kept accurate through arbitrage performed by authorized participants who can mint or redeem tokens to align the token's value with the market price of the underlying stock. Minor price differences may occasionally occur due to on-chain liquidity or the dividend multiplier effect.

The issuer operates under a prospectus approved by regulatory authorities and complies with relevant Swiss and EU regulations for tracker certificates. To protect investors, the underlying stocks are held by separate regulated custodians and are "ring-fenced." This legal structure means the assets are protected from the issuer's creditors and belong to the token holders, providing a layer of security even in the event of the issuer's bankruptcy.