Crypto
Tokenized NVIDIA Shares Soar by $18 Million on Arbitrum One
A tokenized version of NVIDIA's stock called rNVDA has seen significant growth on Arbitrum One, reaching a market cap of $20.56 million in just 30 days.
rNVDA is issued by Reality Protocol and is backed 1:1 by actual NVIDIA shares held by a FINRA-registered custodian.
This allows holders to receive dividends in stablecoins and benefit from corporate actions automatically, without the need for traditional stock trading.
The tokenized equity can be traded instantly on decentralized platforms and used in DeFi applications.