SPY (bStocks Tokenized Stock)

SPY (bStocks Tokenized Stock), ticker SPYB, is a tokenized representation of the SPDR S&P 500 ETF Trust (SPY) issued within the bStocks ecosystem on BNB Chain. It is designed to allow holders to gain on-chain exposure to the price movements of that ETF without going through a traditional brokerage. The asset targets users who want to access a familiar financial instrument through blockchain infrastructure.

SPYB lives on BNB Chain and is categorized as a tokenized exchange-traded product, meaning its value is intended to track the price of the underlying SPY ETF share, which is currently reflected at 768.26 USD per token. No consensus algorithm is recorded for this asset because it does not operate its own blockchain; it settles through BNB Chain's existing infrastructure. The token's role within the bStocks ecosystem is to mirror the underlying instrument's price on-chain rather than to power governance or staking functions.

The data provided does not record any fee stream, revenue mechanism, or protocol fee associated with SPYB, so no fee-based measures are available for this asset on this site. The circulating supply stands at 41,515.25 tokens, which represents 100 percent of supply issued with zero supply pending and zero dilution overhang, meaning fully diluted value equals market capitalization at 31,894,860 USD at the point-in-time recorded. Any costs a user might encounter when acquiring or redeeming SPYB would be external to what this dataset captures.