SPDR S&P 500 ETF (Ondo Tokenized ETF)

SPYON is a tokenized representation of the SPDR S&P 500 ETF, issued by Ondo Finance on multiple blockchains including Ethereum, Solana, BNB Chain, and HyperEVM. It is designed to give non-US retail and institutional users economic exposure similar to holding the traditional SPY ETF, with dividends reinvested, accessible around the clock on weekdays. The product addresses the problem that many investors outside the United States cannot easily access US exchange-traded funds through conventional brokerage channels.

Each SPYON token is backed by holdings in the underlying SPDR S&P 500 ETF, and Ondo connects the token to traditional exchange liquidity so that eligible users can mint new tokens or redeem them for the equivalent value at any time during a standard five-day trading week. The token exists across several blockchain ecosystems simultaneously, meaning it is not tied to a single chain or consensus mechanism. Settlement and custody arrangements follow Ondo's framework described at ondo.finance/global-markets, and the token itself does not participate in any on-chain consensus process.

The data provided does not contain a fee stream, revenue figure, or protocol earnings metric for SPYON, so no fee-based measures are available on this page. What the data does show is a circulating supply of 58,707.72 tokens at a point-in-time price of 774.33 USD, giving a market capitalisation of 45,458,419 USD. The fully diluted value equals the market capitalisation exactly, as reflected by an fdv-to-mcap ratio of 1.0, and there is no maximum supply cap recorded. Any costs associated with minting, redemption, or custody would be governed by Ondo's own terms rather than by on-chain mechanics visible here.