Price change (24h):
0.67%
High (24h):
$756.47
Low (24h):
$750.2
Volume (24h):
$1.89M
Market Cap:
$40.84M
All Time High:
1.64% $763.58
Jun 2, 2026
All Time Low:
22% $614.77
Jul 2, 2025
21.13 %(1Y)
$751.06
Price change (24h):
0.67%
High (24h):
$756.47
Low (24h):
$750.2
Volume (24h):
$1.89M
Market Cap:
$40.84M
All Time High:
1.64% $763.58
Jun 2, 2026
All Time Low:
22% $614.77
Jul 2, 2025
SP500 tokenized ETF (xStock) (SPYX) is a tokenized exchange-traded fund built to deliver on-chain exposure to the S&P 500 index. It sits squarely within the rapidly expanding Real World Asset (RWA) tokenization vertical, functioning as a cryptographically secure digital wrapper around a fully collateralized basket of traditional equities.
The token dismantles longstanding cross-border investment barriers by giving non-US market participants direct, low-friction access to 57 US stocks and ETFs without the custodial overhead of legacy brokerage accounts. It strips out the middleman. Through on-chain composability, the asset can plug into any decentralized finance protocol that supports standard token interfaces, instantly bridging traditional equity market value into lending pools, automated market makers, and structured products.
The token operates on the Solana network as its primary settlement environment, with compatible deployments on Ethereum, Arbitrum, and BNB Smart Chain ensuring broad cross-chain liquidity. Its multi-chain footprint unifies disparate DeFi ecosystems under a single, regulation-compliant asset.
SPYX adheres to the SPL token standard on Solana and the ERC-20 standard across Ethereum, Arbitrum, and BNB Smart Chain, each backed 1:1 by the underlying equity portfolio held with a regulated custodian. This strict full-reserve model means every token in circulation is tethered directly to a legally enforceable claim on the stock’s value, satisfiable under EU financial regulations.
The token originates from Backed Finance, a Swiss issuer specializing in securitizing traditional financial instruments as bearer asset tokens. The xStocks product suite, including the S&P 500 tracker, launched after the firm structured a compliant framework that aligns on-chain representation with the European Union’s prospectus regime.
Beyond mere digitization, the project’s core objective is to collapse the artificial walls that have historically segmented national equity markets, creating a permissionless conduit for global capital to flow into American blue-chip indices. It dissolves geographic gatekeeping. By operating entirely within regulated boundaries, it sidesteps the legal ambiguity that has plagued earlier attempts at tokenized equities.
Each SPYX token is a direct, transferable claim on the net asset value of the underlying S&P 500 basket, recorded immutably on-chain and redeemable through the issuer. Unlike native protocol tokens that govern networks or pay gas, this instrument acts purely as a digital bearer asset, moving through DeFi infrastructure as collateral, liquidity, or settlement currency without extracting platform-level fees.
A DeFi lending market on Arbitrum might accept SPYX as collateral for USDC loans, allowing holders to retain equity exposure while accessing stablecoin liquidity. Automated market makers hosting SPYX pairs generate yield from swap fees for liquidity providers. Crypto-native funds can incorporate the token as a hedge or core allocation without ever interacting with a traditional brokerage interface.
SP500 tokenized ETF (xStock) has a total supply of 200,587.51 tokens. Currently, 39,899.56 are in circulation. With a market capitalization of $28,491,043, SP500 tokenized ETF (xStock) ranks #699 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $755.69 | $751.24 | $756.47 | $750.20 |
| 06/07/2026 | $752.30 | $755.96 | $756.53 | $750.47 |
| 05/07/2026 | $751.18 | $752.10 | $752.41 | $750.54 |
| 04/07/2026 | $750.24 | $750.80 | $751.58 | $748.85 |
| 03/07/2026 | $749.03 | $750.70 | $752.35 | $748.81 |
| 02/07/2026 | $749.92 | $747.94 | $755.27 | $744.70 |
| 01/07/2026 | $751.62 | $750.33 | $753.64 | $747.24 |
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