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DeFi Terminal
SPYx

SP500 xStock

SPYx
Equities KYC Required
Issued by Backed Finance
xstocks.com
TVL
$95.2K
Price
$1.00
APY
---
Holders
35
Total Supply
---

Asset Details

Jurisdiction
Jersey
Custodian Type
qualified
Redemption Timing
t+2
Audited
Yes
Redeemable
Yes
Transferable
Yes
Accredited Only
No
Description
xStocks tracker certificate for SPDR S&P 500 ETF Trust (SPY), issued by Backed Assets (JE) Limited (Jersey) on Solana as a Token-2022 SPL token. Freely transferable on secondary markets; primary mint/redemption requires KYC with Backed. Distributed via Kraken and Solana DeFi.

About SP500 xStock

SP500 xStock (SPYx) is a tokenized equities asset issued by Backed Finance. The asset currently has $95.2K in total value locked across all chain deployments. Access requires KYC verification, making it suitable for regulated institutional investors.

Tokenized equities bring public company shares on-chain, enabling fractional ownership and 24/7 trading.

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SP500 xStock (SPYx) is a tokenized equities asset issued by Backed Finance. The asset currently holds $95.2K in total value locked. This asset requires KYC verification for participation.