This specific observation may return “Unknown receipt” unless separately published.
Observation receipts retain timestamped evidence snapshots. Published receipts match an immutable record admitted by JUJING.
Publication and integrity do not independently verify issuer statements, reserves, eligibility, legal availability or current market conditions.
Docs incomplete Some issuer terms remain unreviewed. Live execution quote unavailable. Retained quotes are historical; mint refresh does not verify a current price or reserves.
on-legal-and-regulatory · How are Ondo tokenized stocks structured legally?; UTF-8 bytes [231, 1410) of captured response 0xe823345a6f784b4f90960b5267cc8dc1c1c0d776509620c74ebc6744913bc1e3
on-overview · What are Ondo tokenized stocks?; UTF-8 bytes [1307, 2307) of captured response 0x108e64970c10e64fe1a364d19a1bf540dac2744334cd210e8f607d9d19fecb91
Holder rights
NVDAx
No shareholder voting rights or direct equity ownership. The token represents the certificate.
on-legal-and-regulatory · Does this mean the tokenholder does not actually own the underlying asset?; UTF-8 bytes [1410, 2749) of captured response 0xf813ebed94e14b788c67d73bbdc2818f8cf3655f721ba0e3aeba78ec295e2568
Backing structure
NVDAx
Issuer describes collateral held per product in segregated accounts with regulated custodians and a security agent.
Calculated by JUJING
Documented structure only. JUJING has not independently verified current holdings or reserves.
on-trust-and-transparency · How do I know my funds and assets are protected?; UTF-8 bytes [233, 2858) of captured response 0x34399eb9eb9a789c54d51738068bf51c62bc762099cd49869b14d06d550cd40b
Custody
NVDAx
Regulated brokers and custodians hold the underlying collateral under account-control agreements.
Calculated by JUJING
Documented structure only. JUJING has not independently verified current holdings or reserves.
on-trust-and-transparency · How do I know my funds and assets are protected?; UTF-8 bytes [233, 2858) of captured response 0x34399eb9eb9a789c54d51738068bf51c62bc762099cd49869b14d06d550cd40b
on-trust-and-transparency · Who is the Ankura Trust Company?; UTF-8 bytes [4769, 5393) of captured response 0xdd0bc10156dabbc35d99b67f3aeda5921e8f5a6ef14287d8d9f3723150a33efd
Redemption & qualifications
NVDAx
Direct issuer access requires onboarding, KYC/AML and whitelisted wallets. Stablecoin and in-kind flows have separate terms.
on-investing-and-redeeming · What about redemptions?; UTF-8 bytes [5777, 6193) of captured response 0x3f8bc94df4cbb343ac81a95d34ecea06faecb5df1d1e28729f3a9b38d3c8c02b
on-legal-and-regulatory · How do you structure Ondo tokenized stocks and their offering to satisfy legal/compliance requirements?; UTF-8 bytes [2749, 4389) of captured response 0x5eb48be34efa25ddd51f5952731ec9d4a5952c87716a48f2f57564f91007a5d4
on-transferability · Are Ondo stock tokens transferable?; UTF-8 bytes [228, 637) of captured response 0xfe1b3e988c21db668da0e75c6561bb8fe0f7a6d505674f5ee0c935f4377d8a46
Dividends, splits & units
NVDAx
Net dividends are reinvested; splits and reverse splits adjust a multiplier. On Solana, base balances stay constant and Scaled UI applies the multiplier to displayed units.
on-corporate-actions · How are dividends handled?; UTF-8 bytes [957, 1697) of captured response 0x952a8842ced0181430cd32e09260bc99150d7b985ed274ca35d7e45d95720b1f
on-overview · What are the most important things I should know?; UTF-8 bytes [2307, 7851) of captured response 0xfbfb791b67775cd23544cc2dfb9a04cafa859adaf9d15f54f4c904bf65796994
Fees & qualifications
NVDAx
The issuer identifies product-specific Final Terms alongside the prospectus.
Calculated by JUJING
Final Terms were not retrievable directly in this review. No current product fee is asserted.
on-investing-and-redeeming · Are there offering documents like a prospectus, PPM, or loan documents I can see?; UTF-8 bytes [4421, 4816) of captured response 0x8b8de91681483e0aa22bbc93da17482293247bc058814ec20f28d191753a5f6f
on-fees-and-taxes · What fees does Ondo Stocks charge?; UTF-8 bytes [225, 864) of captured response 0x9ca3fad39fb8e7b118846a49488e6436c413daa25016ab47adc9bbcba0b4bb21
Reading a redemption condition does not establish that you satisfy it. No wallet eligibility determination is made.
Integration Requirements
Observed token controls and handling requirements for applications reviewing this mint.
1.0009180758490996Scheduled multiplier: 1.001701196801074 Effective from
Observed onchain
Raw and displayed amounts
Required
Calculated by JUJING
Extra accounts for transfers
Not currently indicated
Calculated by JUJING
Historical admitted snapshot; independent of live mint refreshes. Stored and scheduled multipliers do not establish the active multiplier without the chain clock. Preserve raw integer amounts and mint decimals.
Token handling facts do not establish transfer eligibility, compatibility or listing approval.
Handling notes and limitations
No configured program means only that no hook program was configured at the observed slot. Future state may differ.
Exact stored multiplier and scheduled update from the retained mint. The onchain clock was not captured; no claim is made about which multiplier is currently effective.
Applications should preserve integer raw token amounts and mint decimals. Select the applicable UI multiplier using the chain clock and stored schedule for display; this snapshot does not establish the active multiplier. Do not use displayed amounts as raw transfer quantities. No amount conversion or rounding is performed here.
For a configured hook, resolve its transfer extra-account metadata before constructing a transfer; the account list was not fetched. This row addresses hook-specific accounts only and does not establish transfer eligibility.
Historical admitted observation only; independent of the latest cached or refreshed mint summary.
Extension presence does not establish active execution, transfer eligibility or support by any application.
These handling requirements are not a compatibility determination, listing approval, risk score or investment, legal or eligibility advice.
No reserves, current state, transaction success or issuer statements are independently verified. No extra accounts or metadata were fetched.
Not established means the relevant observation or decode is incomplete or unavailable. Do not infer absence.
There is no single verified connection between the underlying equity price, the exact tokenized-stock mint, its wrapper-specific market quote, and the freshness of both observations. Verified Market Context demonstrates how JUJING can connect those facts.
Demonstration snapshot
Deterministic demonstration data only. This is not a live market quote, executable price or recommendation.
NVDA · Solana mainnet
NVDAx
Backed Assets (JE) Limited
Exact mint · DemonstrationXsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
Underlying equity observation
$120.00 USD
Per demonstration share unit
Source / provenance
Demonstration fixture
Fixed observation
Token market observation
$125.00 USD
Wrapper-specific implied price · per demonstration share unit
Demonstration input
$250.00 USD
Demonstration output
2 displayed token units
Source / provenance
Demonstration fixture
Execution status
Not executable
Fixed observation
Exact token mint
Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh
Demonstration comparison
Comparable demonstration inputs
Reference price
$120.00 USD
Wrapper-specific implied price
$125.00 USD
Absolute difference
$5.00 USD
Direction
Above the demonstration reference
Percentage difference
4.166667%
Observation time difference
5 seconds
Fixed evaluation:
Freshness is evaluated at this fixed demonstration timestamp.
Wallets, trading venues and lending protocols can use this structure to confirm which mint a quote belongs to and whether the underlying and token observations are comparable before relying on them.
How the demonstration is calculated
Raw token output
160000000
Token decimals
8
Demonstration multiplier
1.25
Displayed units per share unit
1
Reference age at evaluation
20 seconds
Token observation age at evaluation
15 seconds
Freshness limits
Reference: 60 seconds. Token observation: 30 seconds. Maximum time difference: 15 seconds.
Wrapper-specific implied price = demonstration USD input ÷ displayed token output × displayed units per share unit.
Signed difference = wrapper-specific implied price − reference price. Absolute difference = magnitude of signed difference.
Percentage difference = signed difference ÷ reference price × 100.
Observation time difference = absolute difference between the two fixed observation timestamps.
Exact integer/rational arithmetic. Outputs round half away from zero to six decimal places; trailing zeros are omitted. Calculations and gates use unrounded values.
USD inputs are invented demonstration units; no stablecoin peg is assumed.
The multiplier and one displayed unit per share mapping are invented demonstration inputs, not assertions about the wrappers.
Demonstration fixture · Formula version vmc-demo-rational/1
This receipt proves the integrity of a deterministic JUJING demonstration snapshot. It does not prove that the prices were observed from a live market or that a trade was available. The digest is unsigned and separate from admitted publication receipts.
02 / TECHNICAL CORROBORATION
What the mint can tell you.
Finalized account observations, decoded with Solana’s official Token-2022 library. Refresh checks the shared 60-second cache first. Issuer claims remain separate documented evidence. No legal rights are inferred from a token extension.
NVDAx
Observed onchain
Token-2022Stale observation
Program
TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb
Decimals
8
Raw supply
32127990303310
Finalized account slot
446505212
Observed at
Calculated by JUJING Base supply: 321279.9030331 (before Scaled UI).
Displayed supply: NOT_ESTABLISHED. The retained observation does not establish the active display multiplier without the chain clock. Authority roles are separate even when their addresses match. ABSENT_AT_OBSERVED_SLOT means absence only in this finalized snapshot, not permanent absence.
Calculated by JUJING
Mint authority
PRESENT · An authority can issue additional tokens.
Freeze authority
PRESENT · An authority can freeze token accounts.
Permanent delegate
A permanent delegate is configured; Token-2022 permits delegate transfers and burns.
Transfer hook
Extension present; hook program is unset at the observed slot.
Extension presence is a technical observation, not a legal conclusion. Mint refresh does not verify a current price or reserves. Metadata links are not fetched.
NVDAon
Observed onchain
Token-2022Stale observation
Program
TokenzQdBNbLqP5VEhdkAS6EPFLC1PHnBqCXEpPxuEb
Decimals
9
Raw supply
16722477252736
Finalized account slot
446505267
Observed at
Calculated by JUJING Base supply: 16722.477252736 (before Scaled UI).
Displayed supply: NOT_ESTABLISHED. The retained observation does not establish the active display multiplier without the chain clock. Authority roles are separate even when their addresses match. ABSENT_AT_OBSERVED_SLOT means absence only in this finalized snapshot, not permanent absence.
Calculated by JUJING
Mint authority
PRESENT · An authority can issue additional tokens.
Freeze authority
PRESENT · An authority can freeze token accounts.
Permanent delegate
This extension was not present in the saved observation.
Transfer hook
Extension present; hook program is unset at the observed slot.
Extension presence is a technical observation, not a legal conclusion. Mint refresh does not verify a current price or reserves. Metadata links are not fetched.
03 / HISTORICAL MARKET EVIDENCE
Live execution quote unavailable
Mint verification and issuer evidence remain available. Saved route quotes below are historical records, not current market offers.
Calculated by JUJINGReference unavailable No validated timestamped NVIDIA reference is available. No premium, discount or NAV is asserted.
NVDAx / USDC
Historical evidence only. These snapshots do not establish current pricing, available liquidity or an executable quote. USDC is not assumed to equal USD.
Calculated by JUJINGSession closed at receipt: . Scheduled US cash session only; token markets may remain open.
Calculated by JUJINGQuote unavailable
100 USDC quote unavailable. The retained route failed validation and was excluded.
Quoted by market sourceHistorical quote
1000 USDC → 4.54894416 NVDAx
Historical output in base token units. Captured .
Price impact
-0.53340875%
Router / type
jupiterz / rfq
Context slot
Not returned by Jupiter
Source
Jupiter Swap V2, quote only
Calculated by JUJING
219.83123222 USDC per base token. Premium / discount: unavailable.
Quote age at receipt: 25,446.526s. The historical receipt stays unchanged.
This specific observation may return “Unknown receipt” unless separately published.
Observation receipts retain timestamped evidence snapshots. Published receipts match an immutable record admitted by JUJING.
Publication and integrity do not independently verify issuer statements, reserves, eligibility, legal availability or current market conditions.
NVDAon / USDC
Historical evidence only. These snapshots do not establish current pricing, available liquidity or an executable quote. USDC is not assumed to equal USD.
Calculated by JUJINGSession closed at receipt: . Scheduled US cash session only; token markets may remain open.
Quoted by market sourceHistorical quote
100 USDC → 0.454117445 NVDAon
Historical output in base token units. Captured .
Price impact
-0.70190722%
Router / type
jupiterz / rfq
Context slot
Not returned by Jupiter
Source
Jupiter Swap V2, quote only
Calculated by JUJING
220.20735187 USDC per base token. Premium / discount: unavailable.
Quote age at receipt: 25,458.61s. The historical receipt stays unchanged.
This specific observation may return “Unknown receipt” unless separately published.
Observation receipts retain timestamped evidence snapshots. Published receipts match an immutable record admitted by JUJING.
Publication and integrity do not independently verify issuer statements, reserves, eligibility, legal availability or current market conditions.
04 / DOCUMENT TRAIL
Evidence you can trace.
Retained evidence excerpts can be reproduced locally. Full remote-document hashes are separate historical records; full website documents are not archived here. Neither hash proves that a source remains current or that an issuer’s statements are true.
Each receipt contains the issuer evidence references and hashes, saved mint controls, quote snapshots, provenance and unavailable fields. Identical inputs and evaluation time produce identical JSON and SHA-256.
Receipts are unsigned and offchain. They are not issuer attestations or trusted timestamps. They do not establish safety, current reserves or personal eligibility.
