# Vanguard Total World Tokenised ETF (xStock) (VTX): D-Score 48/100 — Moderately Decentralized

**BlockIndex D-Score: 48/100 (Moderately Decentralized).** Vanguard Total World Tokenised ETF (xStock) (VTX) is a Layer 2 cryptocurrency using Other consensus. VTX: Tokenized Vanguard Total World ETF exposure delivered through xStocks real-world asset infrastructure on public chains.

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

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 48 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other
- Founder: N/A
- VC funded: No
- Max supply: N/A
- Circulating: 476,222

## Market data (as of 2026-06-19)
- Price: $157.99
- Market cap: $75.24M
- 24h volume: $25.61
- 24h change: -0.75% · 7d change: +3.09%

## About
Vanguard Total World Tokenised ETF (xStock), traded as VTX or VTx in the supplied data, is a tokenized real-world asset designed to represent exposure to the Vanguard Total World Stock ETF. The underlying ETF seeks to track the FTSE Global All Cap Index, giving broad equity exposure across developed and emerging markets. VTX is therefore not a cryptocurrency created to run its own blockchain; it is a tokenized securities-style product in the xStocks ecosystem, with Backed/xStocks appearing as the official product infrastructure and issuer context in the provided summaries.

Technically, VTX is best classified as a token rather than an independent layer-1 network. The summaries identify a Solana token address, XsEdDDTcVGJU6nvdRdVnj53eKTrsCkvtrVfXGmUK68V, while other extracted market data also references an Ethereum contract and Base-market DEX venues. Because it is a tokenized asset, VTX does not have its own mining algorithm, validator set, native consensus mechanism, UTXO model, block timing, or independent node network. Its transaction finality, security, and execution depend on the parent-chain infrastructure where the token representation is issued or traded.

The primary use case is tokenized exposure to a global equity ETF through crypto-market infrastructure. The supplied data places VTX in real-world asset and tokenized ETF categories, with visibility through CoinGecko, CoinMarketCap, Phantom, Etherscan, and xStocks-related infrastructure. Market access appears across centralized and decentralized venues, including Kraken, Uniswap-related markets, Curve, Orca, Jupiter, and BaseSwap in the extracted exchange list. Wallet access is broad but unevenly documented, with MetaMask, Phantom, Argent, and MEW among the named wallets or wallet tools.

Tokenomics are issuer-driven rather than mining-driven. The supplied sources report inconsistent supply and market data: CoinMarketCap lists a price near $160.01, market capitalization around $76.12 million, 24-hour volume around $1.49 thousand, and 475.77 thousand VTx in total and circulating supply, while Phantom reports $157.65, about $23 million market capitalization, $169.93 daily volume, and 149.72 thousand total and circulating supply as of June 4, 2026. Because the provided data does not include a max supply, ICO, premine, public allocation, or formal issuance schedule, those distribution fields remain unknown or not applicable.

Governance and development are centralized around the issuer/product framework rather than a public DAO. The summaries identify Backed/xStocks as the relevant company context, but do not provide named founders, a CEO, a GitHub repository, source license, roadmap, or token-holder governance process. Regulatory framing is central to the project: the official-site text states that the securities have not been and will not be registered under the U.S. Securities Act of 1933 or U.S. state securities regulators, and that Backed products are restricted for U.S. persons. No VTX-specific hacks, chain freezes, halts, or protocol upgrades were documented in the supplied material.

## Links
- Website: https://xstocks.fi/
- 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