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Gold xStockGLDx price and how to buy

Solana

Tokenised exposure to a gold ETF, tradeable on Solana.

Swap SOL → GLDx

GLDx / USD
 

What GLDx is

GLDx is an xStock issued by Backed Finance that tracks a gold exchange-traded fund, so its price follows the gold price through the fund's holdings. It is the way to hold gold exposure as a Solana token without a vault, a dealer or a brokerage, and it can be swapped against SOL or USDC at any hour.

It is not the same thing as a gold-backed token such as PAXG or XAUT, which are backed by physical bars. GLDx is backed by shares of a fund that holds the bars, one step further removed, and priced from the fund's quote rather than the spot gold market.

You need SOL or USDC first

GLDx is bought by swapping something you already hold for it, so an empty wallet cannot buy any. If yours is empty, start here.

How to get your first SOL

Buying GLDx, step by step

  1. 1

    Connect a Solana wallet

    Open the swap panel and connect Phantom, Solflare or Backpack. Privacc only reads your public address. It cannot move your funds.

  2. 2

    Select GLDx

    The panel is already set to buy GLDx using the verified mint address, so there is nothing to paste and no risk of picking an impostor token.

  3. 3

    Enter an amount and review the quote

    Type how much SOL you want to spend. The quote shows the GLDx you will receive, the price impact and the fee before you commit.

  4. 4

    Sign in your wallet

    Approve the transaction. Solana settles in about a second and the Gold xStock arrives in the wallet you signed from.

What GLDx is used for

  • GLDx is a place to park value on Solana that is not a dollar token and not a crypto asset, for someone who wants gold exposure without leaving their wallet.

  • It trades at the weekend and overnight, when the fund and the gold futures market do not, so a position can be changed on news at any hour.

  • It swaps into SOL, USDC or anything else on Solana in seconds, where selling fund shares at a broker takes days to reach a bank.

How GLDx trades

GLDx has around a million dollars of depth against USDC on Solana and is listed on Kraken and MEXC. During US market hours arbitrage keeps it close to the fund's quote; outside them the book is thin and the price drifts. Gold moves less than a stock, so the drift is usually small, but the price impact on a large swap is not.

Common mistakes

  1. GLDx is not gold and not a gold-backed token. It is a claim on fund shares, which are a claim on gold, and both the issuer and the fund sit between you and the metal.

  2. The fund charges an annual fee, which shows up as the token slowly underperforming spot gold. That is not a bug in the token; it is the fund.

  3. A weekend price is not a preview of Monday's gold price. The on-chain book is thin when the fund is not trading.

  4. The ticker is easy to fake. The token this page describes is the mint shown above.

Safety check

Jupiter Shield

Checking GLDx…

Risks to understand

You hold a token backed by ETF shares an issuer holds, not gold and not the shares. Issuer and custody risk sit on top of the gold price, the fund's own fee drags on the price over time, and when the US market is closed the on-chain price has nothing to anchor to. Liquidity is around a million dollars. xStocks are not offered to US persons.

Nothing on this page is financial advice. Read how to spot a rug pull before buying anything smaller than this. This token is a special case: how tokenized stocks work explains what you are actually holding.

GLDx — Contract address

Symbols on Solana are not unique: anyone can mint a token using the GLDx ticker. Verify the mint address, never the name:

Xsv9hRk1z5ystj9MhnA7Lq4vjSsLwzL2nxrwmwtD3re

The swap panel on this page is already pointed at this mint.

GLDx questions

Is GLDx backed by physical gold?

Indirectly. It is backed by shares of a gold ETF held by the issuer's custodian, and the fund holds the gold. PAXG and XAUT are the tokens backed by bars directly.

Why does GLDx slowly lag the gold price?

The fund it tracks charges an annual expense ratio, taken out of the fund's holdings, and the token tracks the fund. Over a year the gap is a fraction of a percent.

Can I redeem GLDx for gold?

No. Redemption, where the issuer offers it, is for the fund shares or their cash value under the issuer's terms, and is not available to retail holders in most places.

Where can I buy GLDx?

On this page. Connect a Solana wallet, enter an amount, and approve the swap. The GLDx goes straight to your wallet without passing through Privacc.

Do I need an account to buy GLDx?

No. Privacc has no accounts and no sign-up because it never takes custody of your funds. You connect a wallet, sign a transaction, and the tokens go straight to you.

What does it cost to buy GLDx?

The Solana network fee, the price impact of the route, and the Privacc fee included in the quote you see before signing.

Info

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