NVDAr, issued by Step Labs LLC, is a tokenized U.S. equity product providing onchain economic exposure to the performance of NVIDIA Corporation common stock that the issuer disclaims as not being the underlying security and as conveying no ownership rights [S1].

Each NVDAr token tracks the price and performance of NVIDIA Corporation common stock (NVDA), with Remora Markets stating each tokenized equity is backed 1:1 by the underlying stock held through a regulated custodian [S2][S3]. Holders interact with real-world stock performance onchain, and the issuer notes the onchain price may diverge from the traditional exchange price, with arbitrage helping realign prices [S2]. The issuer markets no commissions on trades [S3].

The issuer is Step Labs LLC, trading as Remora Markets, a company formed in the Cook Islands (Registration No. LLC15405/2024) whose Terms of Use are governed by the laws of the Cook Islands [S4][S5]. Step Labs LLC states it is in the process of seeking regulatory authorization and licensing [S1]. Tokens are not themselves stocks and do not grant ownership or rights to underlying assets [S1]. Offerings are not marketed, offered, or solicited in the USA or any other sanctioned or prohibited jurisdiction [S1]. The underlying is held through custodian and broker Alpaca Securities LLC, which acts as paying agent upon a Realization Event [S5].

Tokens are issued as SPL tokens on Solana, composable across Solana DeFi [S3]. Operating similarly to stablecoins, Remora Markets serves as the gateway for minting and burning, with Alpaca Crypto LLC handling conversion between USD Coin (USDC) and U.S. dollars (USD) [S3][S5]. The issuer markets instant settlement [S2].

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    { id: "S1", url: "https://remoramarkets.xyz/legal-documentation/disclaimer" },
    { id: "S2", url: "https://remoramarkets.xyz/legal-documentation/privacy-policy" },
    { id: "S3", url: "https://remoramarkets.xyz/" },
    { id: "S4", url: "https://remoramarkets.xyz/legal-documentation/terms-of-use" },
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Tokenized stocks

Remora Markets operates by tokenizing traditional stocks into blockchain-based assets that can be traded on Solana, providing continuous market access beyond traditional trading hours. The platform leverages smart contracts for instant settlement and integrates with existing DeFi protocols to enable seamless portfolio diversification and global accessibility without geographic restrictions.

The platform enables global investors to trade tokenized versions of major public companies like Tesla, Nvidia, and SPY through blockchain technology. It offers 24/7 trading capabilities, fractional ownership, instant settlement, and commission-free transactions for traditional equities in a decentralized environment integrated with Solana's DeFi ecosystem.

Remora Markets is a decentralized financial platform that provides tokenized stock trading infrastructure on the Solana blockchain.

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Real-world asset (RWA) issuers

Remora Markets

NVIDIA rStock (NVDAr) is a tokenized exposure to NVDA and distributed through Remora Markets with Alpaca Securities LLC as broker.

The underlying security is listed in the information technology sector in North America.

The underlying shares are held by Alpaca Securities LLC.

NVDAr has been issued on Solana as a SPL Token-2022 token since August 2025.

NVIDIA rStockNVDAr

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