What is the current price of Nasdaq xStock?
The current price of Nasdaq xStock is $720.05 with a 0.18% change in the last 24 hours.
Nasdaq xStock, ticker QQQX, is not a blockchain project. It is a tokenized financial product: a tracker certificate issued under the xStocks brand that is designed to follow the price of the Invesco QQQ Trust, the exchange traded fund that tracks the Nasdaq-100 Index. Each token is issued as a blockchain bearer instrument and is intended to be backed one to one by the underlying ETF shares held in regulated custody.
Holding QQQX gives you an economic claim on the value of the underlying, not ownership of the ETF itself. There are no fund holder rights, no voting rights, and no direct relationship with Invesco or with Nasdaq. That is the single most important thing to understand about the product, and the issuer states it plainly.
Official sources:
The issuer of record is Backed Assets (JE) Limited, a Jersey incorporated company. The tokenization and product infrastructure is provided by Backed Finance AG, a Swiss company that has been issuing tokenized securities under the "bToken" and later "xStocks" names since 2021. The product carries its own securities identifier, ISIN CH1436219724, separate from the identifier of the underlying Invesco QQQ Trust, ISIN US46090E1038.
Distribution in the European Economic Area is conducted under a base prospectus approved by the Liechtenstein Financial Market Authority under the EU Prospectus Regulation. Exchange distribution has run through licensed partner entities, including Payward Digital Solutions in Bermuda and a Payward Europe entity in Cyprus, which is how the product reached a wider retail audience on centralized venues from 2025 onward.
There is no founding team, whitepaper, or protocol roadmap in the usual crypto sense. QQQX is a regulated financial instrument with a blockchain wrapper, so its history is corporate and regulatory rather than technical.
The mechanism has four moving parts.
Primary issuance A qualified investor delivers cash or assets to the issuer, the issuer buys the corresponding number of underlying ETF shares, and an equivalent quantity of QQQX tokens is minted on-chain. Primary market access is identity verified and restricted to professional or qualified investors, so most holders never touch this step.
Custody of the backing The underlying shares are held asset by asset in segregated accounts at regulated custodians. Published custodians have included Maerki Baumann in Zurich, InCore Bank in Switzerland, Alpaca Securities in the United States, and a GTN Europe entity. The structure is described as bankruptcy remote, meaning the collateral is intended to remain identifiable and separate from the issuer's own balance sheet.
Secondary trading Once minted, QQQX moves like any other token. It can be transferred between wallets, listed on centralized exchanges, and pooled on decentralized exchanges. This is where nearly all retail activity happens.
Redemption A qualified investor can redeem tokens back to the issuer for the cash value or the underlying, again subject to identity verification. Retail holders in practice exit by selling on a venue rather than redeeming.
Corporate actions on the underlying, including fund distributions, are handled through an adjustment mechanism on the token rather than by paying cash to wallets. Refer to the current Final Terms and Key Information Document for the exact treatment, because the mechanism has been described differently across product generations.
Xs8S1uUs1zvS2p7iwtsG3b6fkhpvmwz4GYU3gWAmWHZ and an EVM contract at 0xa753a7395cae905cd615da0b82a53e0560f250af on chains including Ethereum, BNB Smart Chain, Base, Arbitrum, Polygon, Avalanche, Optimism, Mantle, TON, Tron, Gnosis, and InkQQQX is not a utility token and has no staking, governance, or gas function. What it offers is exposure and composability:
Fees are charged at the product level rather than through a token mechanism. The published schedule includes an annual management fee of 0.20 percent and up to 0.50 percent on entry and exit through the primary market.
Broad index exposure is the distinguishing feature. Most tokenized equity products wrap a single company, while QQQX wraps a fund that already holds the largest non-financial companies listed on Nasdaq, so one token carries diversified exposure to a familiar benchmark. The second is verifiability: reserves are checked by an external auditor and published on-chain, a stronger transparency posture than a periodic attestation document, though it does not eliminate issuer risk.
Security here means two different things.
Technically, the token is protected by the security of whichever chain it sits on. A Solana held QQQX depends on Solana, an Ethereum held one on Ethereum, and so on. Standard self-custody practice applies.
Financially, the protection comes from the legal structure: 1:1 backing, segregated bankruptcy remote custody at regulated banks and brokers, an approved prospectus, external audit of reserves, and on-chain publication of those reserve figures. None of that is the same as blockchain style trustlessness. If the issuer, a custodian, or the attestation process fails, the token holder's recourse is legal rather than cryptographic.
Tokenized equities are one of the more credible bridges between traditional markets and public blockchains, and an index product is the clearest test of the idea. QQQX shows what the wrapper genuinely delivers, meaning continuous transfer, self-custody, and composability, and equally what it does not, meaning shareholder rights, universal access, and freedom from issuer risk.
QQQX is available on centralized exchanges that have partnered with the xStocks distribution entities, and on decentralized exchanges on the chains where it is deployed, most actively on Solana. Access depends on your jurisdiction and on the venue's own eligibility rules. Buying on-chain requires the native gas asset of the chain you use, and the contract address should be checked against the issuer's product page before any swap.
xStocks products have been distributed through exchange partners that operate under the licensed entities described above, alongside listings on several other international venues. Regional restrictions apply and listings change, so confirm current availability directly with the exchange.
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Read the complete paper trading guideThe current price of Nasdaq xStock is $720.05 with a 0.18% change in the last 24 hours.
The daily trading volume is $364,506 representing a 89.45% change in the past 24 hours.
The market capitalization of Nasdaq xStock is $36,296,376, ranking #389 globally.
The fully diluted valuation (FDV) of Nasdaq xStock is $192,224,395, calculated assuming the total supply of 266,960 QQQX is in circulation.
Circulating: 50,408. Total: 266,960. Max: N/A.
In the last 24 hours, Nasdaq xStock traded between a low of $718.16 and a high of $723.68.
QQQX/USDTTether USDT720.05 USDT
