Broadcom stock (AVGO) has a tokenised version, AVGOx, a blockchain based asset that represents Broadcom shares. Each AVGOx token is backed 1:1 by real Broadcom shares held in regulated custody. Broadcom designs semiconductors and infrastructure software. Its chips are used in networking, wireless, storage and data centres, including custom chips for artificial intelligence workloads, and its software business grew with the 2023 acquisition of VMware. Broadcom is headquartered in Palo Alto, California. Holding AVGOx gives you indirect exposure to Broadcom shares, but it is not the same as owning the underlying shares and does not come with shareholder rights.