VXUSX is a token on Solana that tracks the price of Vanguard Total International Stock 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 VXUSX in a self-custody wallet such as Solflare.

Why can the price of VXUSX differ from Vanguard Total International Stock ETF?

The price of VXUSX 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 VXUSX has low liquidity?

Low liquidity means a small swap can move the price of VXUSX, 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 VXUSX 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 VXUSX 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 VXUSX represents slightly more of the fund over time while the number of tokens in your wallet stays the same.

When can I trade VXUSX?

You can swap VXUSX on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours, the price of VXUSX 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.

VXUSX price today: Vanguard Total International Stock ETF on Solana

Q: Is buying VXUSX the same as buying Vanguard Total International Stock ETF?

No. VXUSX is a separate token that tracks the price of Vanguard Total International Stock 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 VXUSX?

Backed Finance issues VXUSX. 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 VXUSX; it does not issue, back, or custody the token, so the backing arrangement is the issuer's.

What VXUSX tracks

VXUSX tracks Vanguard Total International Stock 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 Total International Stock

Vanguard Total International Stock (VXUSX) is issued by xStocks and trades on the Solana blockchain. Vanguard Total International Stock is verified on Solana's token registry. The chart and market figures on this page come from on-chain trades and refresh as new ones settle.

Website

VXUSX contract address

XsLT5v4DAd1kwViPQh3SZiT5kzJfNLxzJxJN1dySZTe

Ticker

VXUSX

Issuer

xStocks

Status

Verified

How VXUSX works

VXUSX 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. VXUSX tracks the price of Vanguard Total International Stock 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 VXUSX, and it does not issue, back, or custody the token.

The price of VXUSX 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 VXUSX 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 VXUSX?

VXUSX 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 VXUSX comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for VXUSX

The scaling factor for VXUSX is 1.0031. 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. VXUSX is issued by Backed Finance and gives price exposure to Vanguard Total International Stock 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 Total International Stock ETF (VXUSX) price

Vanguard Total International Stock ETF price chart