Key Takeaways
- Traditional stocks like Nvidia now have a tokenized counterpart that can be bought on crypto exchanges.
- Most investors and traders who came from crypto prefer to hold tokenized Nvidia stock and other related tokenized assets because it can be traded 24/7.
- The only negative thing about holding tokenized stocks is that you do not have shareholder rights.
I know what you are thinking. Jensen Huang is all over the news for the wrong reasons that caused Nvidia’s share price to dump, and you are betting it is a generational buy on the company’s stock.
However, as a crypto trader or investor, given how crypto exchanges have made us feel spoiled with 24/7 trading over the past ten years, it kinda sucks to register for an account with a traditional stock platform and wait for the opening bell just to buy stocks.
As someone living in the Philippines, I have to wait until 9:30 PM (or 10:30 PM if Daylight Saving Time ends) to trade the U.S. stock market, which is a hassle for me because that’s when I should be getting ready for bed.
But what if I told you that there is another way to trade stocks at the comfort of your own time? Yes, I am talking about tokenized stocks. I will explain what tokenized stocks are and how you can buy tokenized Nvidia on a crypto exchange.
What is a tokenized Nvidia stock?
Tokenized Nvidia stock is a tokenized asset representation that mirrors the price of traditional Nvidia stock on the blockchain.
Crypto exchanges created these synthetic products and offer them to users as trading products on the platform.
Notably, tokenized stocks can be in the form of derivative contracts, in which I call stock futures, and the other is spot-backed tokens if you want to hold stock assets for the long term. In this article, we will focus on spot tokenized stocks.
Where can you buy tokenized Nvidia stock?
The easiest way to buy tokenized Nvidia stock is through a centralized crypto exchange.
If this is your first time buying tokenized stocks, do bear with me because it can be a bit confusing which exchange or platform you are buying on because the ticker of the tokenized Nvidia is kinda different.
To make things simple, here’s a table to organize the data.
| Name of crypto exchange/platform | The official name or term of their tokenized stock product | The ticker symbol of tokenized Nvidia stock on their platform |
| Binance | bStocks | NVDAB |
| Bitget | rToken | rNVDA |
| Gate | gStocks | NVDAG |
| Gemini | dShares™ | NVDA |
| Robinhood | Stock Tokens | NVDA |
| xStocks (Partnered with Kraken, OKX, Bybit, KuCoin, MEXC) | xStock | NVDAx |
| Ondo Finance (Partnered with Bybit, KuCoin, MEXC) | Ondo Stocks | NVDAon |
How to buy tokenized Nvidia stock: step-by-step
I mostly buy tokenized Nvidia stock and other tokenized stocks on Bitget, so I will show you how to buy there.
Other crypto exchanges have similar concepts of tokenized stocks, so my guide on buying tokenized Nvidia stock on Bitget will have the same concept for buying on other platforms, so do not worry.
The only thing that changes is the name of the tokenized stock you bought, like rNVDA on Bitget, NVDAB on Binance, NVDAG on Gate, and so on.
That said, first, go to the exchange where you plan to buy tokenized Nvidia. In my case, it is Bitget.
After logging in to your account, go to ‘Markets’ and wait for the interface to fully load. Scroll down a bit and click ‘Stocks’, then under it click ‘Spot’. To find Nvidia, type in the ticker “NVDA” and the stock will pop up.
Finally, click the stock, and you will be redirected to a new tab.
You will be greeted with a trading interface showing the trading pair rNVDA/USDT. As with crypto assets, you can choose a market or limit order when buying tokenized Nvidia stock with USDT.
Once you buy rNVDA, it will appear in your Spot account along with the other crypto assets that you hold.
Does tokenized Nvidia stock have shareholder rights?
One thing you have to note when buying tokenized Nvidia stock is that you do not have shareholder rights when holding the asset because tokenized Nvidia is just a ‘tracker’ to the original Nvidia trading on the NASDAQ.
For now, this is the only negative thing I can think of when holding tokenized stocks. However, I’m not really worried as long as your main reason for holding it is for accessibility on 24/7 trading and not jumping from one platform to another.
Maybe other platforms will include shareholder rights in their tokenized products in the future. But as things stand, more than 67 companies (including Nvidia) have already rejected OKX’s plans to tokenize their stocks.
Frequently Asked Questions
Here are some other questions about tokenized Nvidia stock and tokenized stocks in general that were not tackled in the article.
Why do some traders and investors prefer investing in tokenized Nvidia stock rather than the traditional one?
Traders/investors who mostly come from crypto prefer tokenized stocks mainly because crypto exchanges offer 24/7 trading ever since they have operated. On traditional platforms, they would still need to wait for the opening bell to start trading, but on crypto exchanges offering tokenized stocks, they can trade anytime they wish.
Can I buy tokenized Nvidia stock with USDT?
Yes, crypto exchange platforms have made their tokenized stock offerings available to buy with the USDT stablecoin to make it easy for users to purchase tokenized assets. Since traders who came from crypto have been using USDT throughout their investing journey in the past decade, exchanges made sure that buying tokenized stocks is similar to buying crypto with USDT.
Does tokenized Nvidia stock pay dividends?
Yes, owning tokenized assets like tokenized Nvidia stock lets you earn quarterly dividends in USDT as long as the crypto exchange you are using supports dividend payouts. For example, if you own the rToken product of Nvidia stock (rNVDA) on Bitget and hold it before the ex-dividend date, then you are eligible for a dividend payout. Your dividends will then be airdropped to your spot account in USDT on the dividend payout date or later.
Is buying tokenized Nvidia stock safe?
Yes, crypto exchanges have committed to making tokenized Nvidia and other tokenized stocks backed 1:1, meaning for every tokenized asset that is being issued on the blockchain, a corresponding traditional stock is being bought and held in a reserve. However, if you ask TradFi if tokenized stocks are safe, obviously they would say no because they think it dilutes the shareholder supply of the stock and that their primary business operations are being threatened because of tokenization. So it really depends on who you ask.
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