Novo Nordisk xStockPrice

(NVOX)

NVOX is a tokenized version of Novo Nordisk A/S shares, functioning as a tracker certificate rather than the share itself. It bridges traditional finance and decentralized finance by tracking the price of the underlying stock on the blockchain. Unlike traditional NVO shares that require a brokerage account and follow exchange market hours, NVOX offers 24/7 trading availability on digital asset platforms and supports fractional ownership, allowing users to invest in smaller increments.

No, NVOX is not issued by Novo Nordisk A/S. The token is created by a third-party provider, Backed Assets (JE) Limited, which is a subsidiary of the regulated Swiss entity Backed Finance AG. While it tracks the performance of the pharmaceutical company's stock, it is an independent financial product designed to provide on-chain exposure to the asset's price movements.

NVOX is collateralized 1:1 by actual Novo Nordisk shares. These physical shares are held in segregated accounts by licensed third-party depository institutions in Switzerland or the United States. This structure ensures that the tokens are backed by real-world assets and are kept bankruptcy-remote from the issuer, providing a level of security and transparency for investors in the Web3 ecosystem.

Holding NVOX provides price exposure to the underlying stock but does not grant shareholder voting rights or the ability to attend company meetings. Regarding dividends, holders do not receive cash payouts directly. Instead, dividends are typically reinvested by the issuer, which may result in an increase in the token's value or a rebase of the token supply in the user's wallet.

NVOX can be traded on digital asset exchanges such as LBank, as well as various decentralized exchanges (DEXs). It is highly accessible due to fractional ownership, allowing for very low minimum investments. However, due to strict securities laws, NVOX is generally not available to residents of the United States, Canada, and other restricted jurisdictions. Investors should verify their local regulations before trading.

NVOX is a multi-chain asset primarily available as an SPL token on Solana and an ERC-20 token on Ethereum, Arbitrum, and BNB Chain. A key feature of NVOX is the ability for self-custody; users can withdraw their tokens from exchanges like LBank to private wallets such as Phantom or MetaMask. This flexibility allows holders to utilize NVOX within various DeFi protocols, including using the tokens as collateral for decentralized loans.