Core concepts
What the multiplier is
One number decides how many real shares each token represents. It changes without any transaction, and it is the single most important thing Accuren records.
A tokenized stock is not a share. It is a claim on a share, and the size of that claim is set by a multiplier the issuer maintains. Your token balance is the quantity you hold; the multiplier is what each unit is currently worth in shares.
shares = tokenBalance × multiplier
120.0 NVDAx × 1.0341 = 124.092 shares#Why it moves
- Cash distributions. Rather than paying you, the issuer raises the multiplier so each token represents slightly more stock.
- Corporate actions. Splits, reverse splits, and certain reorganisations are applied the same way.
- Fee accrual. Some issuers reduce the multiplier over time instead of charging a separate fee.
None of these write a transaction to your wallet
Your balance is unchanged, no transfer event fires, and no token arrives. Every generic crypto tax tool concludes that nothing happened.
#What Accuren records
For every token, on every block where the value changes, Accuren stores the multiplier, the block, the timestamp, and the resulting share equivalence — plus the exchange rate for your reporting currency on that date.
{
"token": "NVDAx",
"changes": [
{
"block": 44901772,
"date": "2026-08-14",
"from": "1.0338",
"to": "1.0341",
"reason": "cash_distribution",
"sharesPerToken": "1.0341",
"fx": { "USD/IDR": "16103", "source": "central_bank", "date": "2026-08-14" }
}
]
}Precision
Multipliers are stored as exact decimals, never floats. A rounding error here propagates into every basis figure and every income number downstream.
#Why it has to be recorded now
A multiplier is a value that was true at a block and then stopped being true. Reading it today tells you today's value. Unless the issuer publishes a full archive — and most do not — the historical series is only available to whoever wrote it down while it was happening.