S&P 500 ETF

The SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that seeks to track the S&P 500 index of large-capitalization U.S. companies.

Token

SP500 xStock (SPYx)

Issuer

xStocks — Backed Assets (JE) Limited

Blockchain

Solana

Mint address

XsoCS1TfEyfFhfvj8EtZ528L3CaKBDBRqRapnBbDF2WCopy mint

Token standard

SPL Token-2022

Decimals

8

Token extensions

Metadata pointerPermanent delegateDefault account stateScaled UI amountPausableConfidential transfersTransfer hookToken metadata

Balance multiplier

1.005715Read from the mint. Wallets display raw balance × multiplier to reflect corporate actions.

Issuer controls

Permanent delegate (can transfer or burn from any account), freeze authority, pause authority. Read from the onchain mint account.

Structure

Tracker certificate (bearer debt instrument) issued by Backed Assets (JE) Limited. It provides economic exposure to the underlying and is not direct equity ownership; it does not confer shareholder voting rights.

Backing

Fully collateralized 1:1 by the underlying security, held with regulated custodians and brokers in dedicated, segregated sub-accounts with no commingling between products. A three-party Account Control Agreement with an independent Security Agent governs the collateral accounts.

Issuance & redemption

Issuance and redemption happen in the primary market directly with the issuer and require KYC/AML onboarding. Primary issuance and redemption operate 24/5, aligned with the underlying market. Trading on RwaMarkets is secondary-market trading and does not involve the issuer.

Dividends & splits

Dividends (net of applicable withholding taxes) are reinvested and stock splits are applied through an onchain multiplier. On Solana the raw token balance stays constant and the multiplier is stored in the mint's Scaled UI Amount extension; wallets apply it to display the balance.

Liquidity

Deepest pool: raydium · USDC · $3.11M (2 active markets). Total routable liquidity $6.58M. A $10k test buy had -0.13% price impact.Snapshot from 2026-09-23. RwaMarkets only lists assets with at least $50k of liquidity.

Explorer

View on Solscan

Verification

Mint verified on 2026-09-23 against xStocks public assets API and Onchain mint account. Verification details →

xStocks are tracker certificates issued by Backed Assets (JE) Limited, a Jersey special purpose vehicle registered with the Jersey Financial Services Commission. Each xStock is designed to track the economic value of one underlying stock or ETF and is collateralized 1:1 by that asset, held with regulated custodians in segregated accounts.

• Geographic restrictions

  Per the issuer, xStocks are not marketed, offered, or solicited in the United States, to U.S. Persons, or in any other prohibited jurisdiction. Other jurisdictions may classify them differently, including as crypto assets.

• Market & pricing

  Secondary-market prices on Solana are set by onchain liquidity and can differ from the underlying's exchange price, especially outside the underlying market's trading hours.

• Not the underlying

  SPYx is a token issued by a third party. Its price is set by onchain markets and is not automatically identical to the price of SPY.

• Execution

  Swaps are routed across Solana liquidity venues for the best available price. RwaMarkets does not custody funds or act as a counterparty.

Information on this page is sourced from issuer documentation and onchain data. It is not investment, legal or tax advice. Review the issuer's terms before trading.