Nvidia Becomes a Token: Retail Blurs Lines Between Stocks and Tokens
Nvidia Corp (NASDAQ:NVDA) has become a stock that can also be traded as a tokenized equity, and even as a crypto-adjacent leveraged trade. According to CoinMarketCap's data, roughly one in four of the top 76 trending assets is a tokenized equity.
As reported by Benzinga, Alice Liu, Head of Research at CoinMarketCap, stated that 'the trending board is a real-time attention index for global retail.' She noted that right now, it shows that retail has stopped distinguishing between the ticker and the rail. The company's tokenized product, NVDAX, was roughly flat over the month covered by the interview, closely matching the underlying stock.
However, the surrounding crypto market can behave very differently. CoinMarketCap's data showed that tokenized stocks are turning over roughly 89% of their market capitalization daily, compared with about 12% for meme tokens and less than 2% for Bitcoin.