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What is Vida Global xStock (VIDAx)?

Quick Facts

  • Token: VIDAx — tokenized equity for Vida Global, Inc.
  • Backing: Each token is 1:1 backed by real VIDA shares in custody
  • Framework: Built on Payward's (Kraken) xStocks infrastructure
  • Blockchains: Ethereum, Solana, BNB Smart Chain, Mantle, and more
  • Availability: Accessible in 110+ countries (not available in the USA)
  • Underlying company: AI Agent Operating System provider, NYSE American: VIDA
  • CEO: Lyle Pratt, Founder and Chief Executive Officer

Introduction

VIDAx is a tokenized equity token that gives investors digital exposure to Vida Global, Inc. — a publicly listed AI software company trading on NYSE American. Rather than buying shares through a traditional brokerage, eligible investors can hold VIDAx on a blockchain wallet and trade it across multiple networks.

Each VIDAx token is fully collateralized 1:1 by actual VIDA Global Inc. shares, held securely by a regulated third-party custodian via the Backed Finance (assets.backed.fi) platform.

History & Background

Vida Global, Inc. was incorporated in 2022 and is headquartered in Austin, Texas. The company completed its IPO on NYSE American in May 2026, raising $15 million. Shortly after going public, Vida listed its tokenized equity, VIDAx, on Payward's xStocks platform — expanding investor access to more than 110 countries worldwide.

The xStocks framework, launched in June 2025, has grown rapidly into the leading tokenized equities infrastructure, supporting over 100 tokenized stocks and ETFs.

How Vida Global xStock Works

VIDAx is issued by Backed Finance and lives on multiple blockchains simultaneously. When a user acquires VIDAx, a corresponding number of real VIDA shares are purchased and placed in custody. The token can be held in a self-custodied wallet or traded on supported centralized exchanges like Kraken.

Because VIDAx is built on the multi-chain, interoperable xStocks framework, it can move seamlessly across wallets, protocols, and trading venues. Holding VIDAx provides economic exposure to the underlying stock price but does not confer shareholder rights such as voting.

Tokenomics

VIDAx follows a fully collateralized model — every token in circulation is backed by an equivalent share held in custody. New tokens are minted when investors buy in, and tokens are burned when redeemed. This design keeps the token's value tightly pegged to the market price of VIDA stock.

Circulating Supply ? 219,855 VIDAx
Reserved supply ? 0 VIDAx
Burned
0x0000000000000000000000000000000000000001
0 VIDAx
Total supply ? 56.93 million VIDAx
Max supply ? -- VIDAx
Updated 6d ago

Ecosystem & Use Cases

VIDAx is designed to unlock use cases beyond simple price exposure. The xStocks framework enables tokenized equities to function as collateral in DeFi, be used within onchain applications, and settle instantly without traditional brokerage infrastructure. For international investors, VIDAx offers a frictionless, digital-native path to U.S. equity exposure.

Team, Governance & Community

Vida Global is led by Lyle Pratt, Founder and CEO. The token infrastructure is managed by Backed Finance, with custody and issuance governed by regulated custodians. As a tokenized equity, VIDAx governance is tied to the issuer and custodian framework rather than a decentralized DAO structure.

Advantages

  • Global access — available in 110+ countries through blockchain rails
  • 1:1 backing — every token fully collateralized by real shares
  • Multi-chain — tradeable across Ethereum, Solana, BNB Smart Chain, and more
  • DeFi composability — can be used as collateral or in onchain applications
  • Instant settlement — no traditional brokerage delays

Risks & Challenges

  • No shareholder rights — holding VIDAx does not grant voting or dividend rights
  • Regulatory uncertainty — tokenized equities face evolving legal treatment globally
  • Geographic restrictions — not available to U.S. investors
  • Custodian risk — asset safety depends on the regulated third-party custodian
  • Underlying company risk — VIDAx value is tied to VIDA stock performance, which can be volatile

Long-Term Vision

VIDAx represents Vida Global's strategy to build a truly global investor base by combining traditional equity markets with blockchain infrastructure. As tokenized equities gain broader regulatory clarity and DeFi adoption grows, VIDAx is positioned to benefit from increased accessibility and composability in the onchain capital markets ecosystem.

Frequently Asked Questions

VIDAx is a tokenized equity token that represents shares in Vida Global, Inc., a publicly listed AI software company. Each VIDAx token is backed 1:1 by real VIDA shares held by a regulated custodian.

VIDAx is issued through Backed Finance (assets.backed.fi) using Payward's xStocks framework. The token is available for trading on Kraken and other supported platforms.

Vida Global, Inc. is an AI Agent Operating System (Agent OS) for businesses, enabling enterprises to build, deploy, and manage omnichannel AI agents. The company is listed on NYSE American under the ticker VIDA.

No. Holding VIDAx provides economic exposure to the VIDA stock price but does not confer any shareholder voting rights or direct ownership of the underlying shares.

VIDAx is available on multiple blockchains including Ethereum, Solana, BNB Smart Chain, Mantle, TON, and Inkonchain, making it interoperable across wallets and DeFi protocols.

No, VIDAx and xStocks are not available to U.S. investors. Access is restricted to eligible retail clients in more than 110 supported countries outside the United States.

VIDAx offers digital-native, blockchain-based exposure to VIDA shares, enabling faster settlement, self-custody, and potential DeFi use cases. Traditional NYSE shares provide full shareholder rights, which VIDAx does not.

xStocks is an industry benchmark for tokenized equities developed by Payward (Kraken's parent company). It brings publicly listed U.S. stocks and ETFs onchain through fully collateralized, 1:1-backed tokens designed for multi-chain interoperability.