# Marvell tokenized stock (xStock) (MRVLX): D-Score 46/100 — Moderately Decentralized

**BlockIndex D-Score: 46/100 (Moderately Decentralized).** Marvell tokenized stock (xStock) (MRVLX) is a Layer 2 cryptocurrency using Other consensus. Marvell tokenized stock (xStock): Multi-chain tokenized equity exposure to Marvell shares with 1-to-1 backing.

_Source: https://blockindex.ai/coin/mrvlx · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 46 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 5 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other (2026)
- Founder: Yoshi Yokokawa
- VC funded: No
- Max supply: N/A
- Circulating: 558,042

## Market data (as of 2026-06-19)
- Price: $316.8
- Market cap: $176.79M
- 24h volume: $152,195.65
- 24h change: +4.56% · 7d change: +12.85%

## About
Marvell tokenized stock (xStock), traded under MRVLX or MRVLx, is a tokenized equity product in the xStocks ecosystem that gives eligible crypto-market participants onchain exposure to Marvell Technology, Inc. stock. It is not a standalone cryptocurrency network and does not run its own consensus system, validator set, mining network, or native full-node infrastructure. The product is described as a tracker certificate and tokenized stock backed 1-to-1 by the underlying equity exposure, with public market pages identifying it as issued across Solana SPL and ERC-20 compatible environments. The earliest concrete date in the supplied data is March 5, 2026, when market data providers recorded the asset's all-time low, so that date is used as the conservative launch or first-observed trading proxy rather than a confirmed official launch date.

Technically, MRVLX depends on parent-chain infrastructure rather than introducing a new blockchain architecture. The supplied data lists visibility or addresses across Solana, Ethereum, BNB Smart Chain, and Arbitrum, including a Solana address beginning with XsuxRG and a shared EVM address used on Ethereum, BNB Smart Chain, and Arbitrum. Its core features come from the xStocks model: tokenized equity exposure, immediate settlement, wallet-compatible custody, multi-chain availability, cross-chain mobility, and possible DeFi composability where venues support the asset. Because it is an issued tokenized security-style product, mining algorithm, block reward, native TPS, block timing, blockchain size, and UTXO fields are not applicable to MRVLX itself.

The ecosystem data shows MRVLX tracked by market and analytics platforms including CoinMarketCap, CoinGecko, Coinbase, and DefiLlama RWA context. Exchange coverage in the validated summary includes centralized venues such as Kraken, Coinbase, Bybit, Binance, and Meteora, plus decentralized venues including Jupiter, Uniswap, Orca, and Curve. Wallet support is mostly software and browser-extension oriented, with MetaMask, MEW, and Argent explicitly appearing in the verified wallet extraction. Infrastructure references include Solscan, Arbiscan, BscScan, Etherscan, Backed Assets or Backed API, Chainlink Proof of Reserve with The Network Firm, and xStocks cross-chain mobility.

The tokenomics model is tied to the underlying Marvell Technology equity reference rather than to a crypto-native issuance schedule. The master summary states that xStocks are designed around 1-to-1 backing, while MRVLX public supply snapshots varied by crawl date and included a CoinMarketCap snapshot around June 3, 2026 showing approximately 558,042 MRVLX in circulating and total supply. No premine percentage, public initial percentage, ICO allocation, staking reward, block subsidy, or protocol dev fund was disclosed in the supplied data. Market snapshots are time-sensitive, but the supplied extraction includes a price around $220.35 from Coinbase converter data, a market cap near $161.63 million, 24-hour volume near $175,230, and all-time high data from June 3, 2026.

Governance appears issuer-led and off-chain rather than DAO-based. The DScore extraction identifies Yoshi Yokokawa as CEO and references Backed or the xStocks ecosystem as the corporate issuer structure, including Backed Assets (JE) Limited in Jersey registry context. No MRVLX-specific DAO, community-governed treasury, onchain voting system, governance token process, or decentralized treasury mechanism was found in the supplied summary. Regulatory constraints are central to the product: xStocks states that its products are not intended for distribution in the United States, to U.S. persons, or in prohibited jurisdictions, and Coinbase context describes xStocks as EU-compliant and intended for non-U.S. users.

## Links
- Website: https://xstocks.com/us/products
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore