SPDR S&P 500 ETF (Ondo Tokenized)

Name: SPDR S&P 500 ETF (Ondo Tokenized)
Brand: Cryptocurrency
SKU: SPYon
Price: 689.68 USD
Availability: InStock

SPYon

$689.68

-$5.11(-0.74%)Today

Market cap

28.84M

Total volume (24h)

2.73M

Volume / Market cap

0.0946

Circulating supply

41.83K

Day range (24h)

$687.93$696.85

All-time low

$634.98

All-time high

$701.14

About SPYon

SPYon is Ondo Global Markets' tokenised version of SPDR S&P 500 ETF Trust (NYSE: SPY). It is backed 1:1 by real shares held with trusted US custodians. You can buy and sell SPYon 24/5, and use it 24/7 for DeFi liquidity, lending, and swaps on blockchain networks like Ethereum. SPYon allows global investors—from Asia and Europe to Latin America and Africa—to gain economic exposure to S&P 500's price performance and dividends.

Launched in 1993, the SPDR S&P 500 ETF Trust (SPY) was designed to track the S&P 500 Index, which represents 500 of the largest publicly traded companies in the United States. Often viewed as a barometer of US equity market performance, the S&P 500 spans sectors such as technology, healthcare, financials, energy, and consumer goods. SPY has become one of the most widely traded and recognised ETFs in the world.

Ondo Global Markets launched SPYon tokenised ETF (live price ~$689.68) to bring S&P 500 exposure onto decentralised finance (DeFi) networks, enabling trading worldwide. Owners of SPYon can buy, sell, swap, trade, and store it directly on leading crypto wallets like MetaMask—ideal for investors outside the US.

SPYon offers several differences over traditional SPY exposure. As a tokenised asset on DeFi blockchains, SPYon unlocks functionalities like lending, collateral, and yield strategies that are not available in traditional financial (TradFi) institutions or brokerages.

Trading (buying and selling) of tokenised ETFs—also known as RWAs—is available 24/5, with 24/7 peer-to-peer transfers across DeFi. Fractional ownership starts under $1, and settlement is instant rather than the standard T+2 timeline. By holding SPYon, you can get global exposure to US large-cap equities without needing brokerages, KYC, or residence in the US.

SPYon appeals to: crypto traders outside the US—including Asia, Africa, South America, and Europe; investors looking to capitalise on broad US market exposure and long-term growth from any timezone.

Price history

Today (27 February 2026)	$689.68	-0.74%
24 hours ago (26 February 2026)	$694.83	-0.74%
1 week ago (20 February 2026)	$687.83	+0.27%
1 month ago (28 January 2026)	$699.33	-1.38%
1 year ago (27 February 2025)	$689.68	-

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EXPLORE

SPYon is a tokenised real-world asset that represents fractional ownership of SPDR S&P 500 ETF (NASDAQ: SPY) shares. Each tokenised asset, aka Real World Asset (RWA), tracks the SPYon price directly through smart contracts. Ondo tokens are backed 1:1 with the underlying asset it represents, and you can sell them for this value.
Key features:
- Invest in RWAs from outside the US.
- No extra signups needed.
- 24/5 buying & selling: You can trade Ondo tokenised real-world assets Monday 08.00 ET through Friday 19.59 ET, 24 hours a day.
- 24/7 transferring: You can send SPYon peer-to-peer globally anytime.
- MetaMask native: You can trade tokenised real-world assets directly on MetaMask Mobile, just head to Swaps to get started.
- DeFi composability: Unlike the traditional real-world assets they represent, which are historically illiquid, tokenised real-world assets can be used across DeFi to lend, collateralise, and yield farm.