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SPDR S&P 500 ETF Trust on-chain
SPYCompare the tokenized versions of SPDR S&P 500 ETF Trust and see where to buy each one. None of these tokens makes you a shareholder. What you hold instead
Fund fee: 0.0945% per year, already inside the ETF price. Token fees come on top. Source (opens in a new tab)
| Version | Where to buy | Network | Access | KYC | Tokens go to | Actions |
|---|---|---|---|---|---|---|
| SP500 xStock (SPYx)Backed Assets (JE) LimitedDebt certificate backed by shares |      Kraken, Bitso (Argentina), Jupiter +6 |
| Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | KYC variesIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Wallet or platformWhere the tokens end up after you buy.
| Where to buy |
| SPDR S&P 500 ETF (Ondo Tokenized) (SPYon)Ondo Global Markets (BVI) LimitedStructured note backed by shares |      Ondo (direct mint/redeem), Binance Alpha / Binance Wallet, Bitget (spot SPYon/USDT) +5 |
| Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | KYC variesIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Wallet or platformWhere the tokens end up after you buy.
| Where to buy |
| SPDR S&P 500 ETF Trust Robinhood Token (SPY, Robinhood Chain)Robinhood Assets (Jersey) LimitedDebt security backed by shares |  Uniswap, Rialto |
| Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | No KYC documentedIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Your walletWhere the tokens end up after you buy.
| Where to buy |
| SPY Stock Token (Robinhood EU, US-listed Share / ETP Derivative)Robinhood Europe, UABOTC derivative contract |  Robinhood (EU app) | - | Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | KYC requiredIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Platform accountWhere the tokens end up after you buy.
| Where to buy |
| SPY.d (Dinari dShares), also distributed by Gemini EUDinari, Inc.1:1 backed, or OTC derivativeSources disagree |   Gemini (EU), Dinari partner platforms (API) |
| Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | KYC requiredIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Custody not confirmedWhere the tokens end up after you buy.
| Where to buy |
| SPYB (Binance bStocks, State Street SPDR S&P 500 ETF)BTech Holdings Ltd (ADGM)Certificate: 1:1 beneficial interest | Binance (spot SPYB/USDT, Convert), PancakeSwap |
| Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | KYC not confirmedIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Wallet or platformWhere the tokens end up after you buy.
| Where to buy |
| rSPY (Reality, Bitget)Reality (Bitget ecosystem), entity not confirmed by the issuerBeneficial ownership certificate |  Bitget (spot rSPY/USDT), Bitget Wallet |
| Set your countryChoose your country of residence above to see documented restrictions. It never confirms that you can buy. | KYC variesIdentity checks on the buying route, from each venue’s documentation. A quote seen without a wallet does not prove there is no KYC later.
| Wallet or platformWhere the tokens end up after you buy.
| Where to buy |
| aSPY (Anchored)Anchored, entity not identifiedClaimed 1:1 backedLegal terms not found | No known place to buy | - | - | - | - | Where to buy |
What you hold with a tokenized SPDR S&P 500 ETF Trust share
A claim, not a share
Most versions are debt certificates or certificates backed by shares held by a custodian. Some are contracts with a platform. A synthetic token has no shares behind it.
Rights
"1:1" does not mean one share is yours. Voting, dividends and redemption depend on each program. Each version links to its program page.
Who you depend on
The issuer, its custodian, the platform and the smart contract. Past failures came from platforms and counterparties, not from the share itself.
3 discontinued versions
| Version | Backing | Ended | Source |
|---|---|---|---|
| Mirrored SPDR S&P 500 (mSPY)Mirror Protocol (Terra) | Synthetic, crypto collateralNo shares behind it | Aug 11, 2022 | source (opens in a new tab) |
| SPY stock token (FTX)CM-Equity AG / Digital Assets AG, settlement via Canco GmbH (FTX Switzerland) | Platform ledger entry, share-backed | Nov 1, 2022 | source (opens in a new tab) |
| SPDR S&P 500 ETF tokenized stock (Bittrex Global)DigitalAssets.AG | Platform ledger entry, share-backed | Nov 14, 2022 | source (opens in a new tab) |