SPDR S&P 500 ETF (Ondo Tokenized ETF) (SPYON)

Rank #497

The SPDR S&P 500 ETF (Ondo Tokenized ETF), identified as SPYON, is a tokenized version of the SPDR S&P 500 ETF aimed at offering holders economic exposure similar to holding SPY, with the effect of reinvesting dividends. In practice, SPYON seeks to transform the dynamics of a traditional ETF into a format that can be tracked in the token environment.

How SPYON tokenization works

SPYON represents a tokenized stake linked to the economic performance of the ETF, allowing holders to have a position equivalent to owning SPY and reinvesting dividends. This structure was designed to make access to tokenized stocks and ETFs more straightforward for different profiles.

Use and access: mint and redeem

Ondo tokenized stocks enable non-U.S. users, as well as institutional users, to mint and redeem U.S. tokenized stocks and ETFs. The process takes place 24 hours a day, five days a week, with access to the type of trading liquidity of traditional markets, albeit with additional restrictions.

Purpose of the tokenized asset ecosystem

As Real World Assets (RWA) and Tokenized Exchange-Traded Product (ETP), SPYON fits into the movement to bring traditional financial instruments into tokenization. The goal is to facilitate the inclusion of global investors in ETF-like products, using tokenized asset infrastructure.

Where to follow information

For operational details and applicable conditions, the guidelines are gathered at ondo.finance/global-markets, including information about the limits and restrictions of the tokenization model.