VGKX is a token on Solana that tracks the price of Vanguard FTSE Europe ETF. It's issued by Backed Finance, not by Solflare, and gives you price exposure to the underlying ETF without making you a holder of it. You can hold and swap VGKX in a self-custody wallet such as Solflare.

Why can the price of VGKX differ from Vanguard FTSE Europe ETF?

The price of VGKX is set by on-chain trading on Solana. When the underlying market is closed, there's no live price to follow, and when liquidity is thin, a small swap can move the token's price. A scaling factor, where one applies, also means the token's price won't match the underlying price one for one.

What happens if VGKX has low liquidity?

Low liquidity means a small swap can move the price of VGKX, the spread between buying and selling widens, and selling can cost more than you expect. The token's price can also sit further from the underlying asset. Liquidity on tokenized funds and commodities varies a lot between tokens and over the course of a day.

You buy VGKX by swapping SOL, USDC, or another Solana token for it in a self-custody wallet such as Solflare. The swap settles on Solana, so no brokerage account is involved. Keep a small SOL balance for network fees, and check Backed Finance's terms first, since availability varies by jurisdiction.

Does VGKX pay dividends or distributions?

Not as separate payments. When the underlying fund pays a distribution, Backed Finance folds it into the token's scaling factor, so each VGKX represents slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can I trade VGKX?

You can swap VGKX on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of VGKX comes from on-chain trading alone, so spreads can widen and the price can drift from the fund's last close until the market reopens.

VGKX price today: Vanguard FTSE Europe ETF on Solana

Q: Is buying VGKX the same as buying Vanguard FTSE Europe ETF?

No. VGKX is a separate token that tracks the price of Vanguard FTSE Europe ETF. Holding it gives you the price exposure, but not shareholder rights or a direct claim on the underlying holdings. Any redemption into the underlying asset is handled by Backed Finance for eligible clients under its own terms, not by Solflare.

Q: Who issues VGKX?

Backed Finance issues VGKX. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients. Solflare is a self-custody wallet that lets you hold and swap VGKX; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What VGKX tracks

VGKX tracks Vanguard FTSE Europe ETF, a fund that holds stocks listed outside the United States. Its price is quoted in US dollars, so it moves with both the shares it holds and the exchange rate between the dollar and those shares' local currencies.

Many of the fund's holdings trade on exchanges in other time zones, so during US hours the fund's price partly reflects estimates of where those shares will trade next.

About Vanguard FTSE Europe

Vanguard FTSE Europe (VGKX) is issued by xStocks and trades on the Solana blockchain. Vanguard FTSE Europe is verified on Solana's token registry. The price, 24-hour volume and liquidity shown here update live from trading on Solana DEXes.

Website

VGKX contract address

XsosCAu1L8Ebpr4SdBDV1EboYDRTWCH8j79UnHYzvbN

Ticker

VGKX

Issuer

xStocks

Status

Verified

How VGKX works

VGKX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. VGKX tracks the price of Vanguard FTSE Europe ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping VGKX, and it does not issue, back, or custody the token.

The price of VGKX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Backed Finance folds it into the token instead of paying it out, so each VGKX comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can you trade VGKX?

VGKX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of VGKX comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for VGKX

The scaling factor for VGKX is 1.0112. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

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Prices are volatile and can fall as well as rise. VGKX is issued by Backed Finance and gives price exposure to Vanguard FTSE Europe ETF, not fund shares, shareholder rights, or a claim on the fund's holdings; redemption terms are set by the issuer. Liquidity can be thin, which widens spreads and can move the price on small swaps, especially outside US market hours. Availability varies by jurisdiction. Solflare is a wallet interface and does not issue, back, or custody this token. Nothing here is financial advice.

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Vanguard FTSE Europe ETF (VGKX) price

Vanguard FTSE Europe ETF price chart