SPDR S&P 500 ETF (Ondo Tokenized ETF)'in güncel fiyatı nedir?
SPDR S&P 500 ETF (Ondo Tokenized ETF)'in güncel fiyatı ₺37.607,30 ve son 24 saatte %0,42 değişim göstermiştir.
SPYon is a tokenized representation of the SPDR S&P 500 ETF Trust, issued on public blockchains by Ondo Global Markets (BVI) Limited. Ondo's documentation states that its tokenized stocks are "designed to give holders the same economic exposure as they would receive if they owned the underlying asset and invested dividends back into the stock," net of withholding tax, and that they are fully backed by the underlying shares together with cash in transit. The "on" suffix marks the tokenized version, so SPY becomes SPYon. It is offered only to eligible persons outside the United States, and access requires identity verification.
Official resources:
There are two histories here, and keeping them separate matters.
The underlying fund is the SPDR S&P 500 ETF Trust, which State Street's fund page records as having an inception date of January 22, 1993 and describes as the very first exchange traded fund listed in the United States. It is structured as a unit investment trust, tracks the S&P 500 Index, lists on NYSE Arca under the ticker SPY, and carries a gross expense ratio of 0.0945%. State Street Global Advisors, now State Street Investment Management, is the sponsor.
The token is a separate creation. Ondo Finance was founded in 2021 by Nathan Allman, previously at Goldman Sachs, with the aim of bringing institutional-grade financial products onto public blockchains. The tokenized stocks and ETFs are issued by Ondo Global Markets (BVI) Limited, a distinct issuing entity that Ondo supports by operating the platform. SPYon is not issued, sponsored or endorsed by State Street. It references SPY; it is not SPY.
The token is minted and redeemed on demand rather than traded out of a pre-funded pool. Ondo calls this a just-in-time liquidity model: when an eligible user mints, the platform sources the underlying exposure in traditional markets and issues tokens against it, and redemption reverses the process. Ondo's own comparison material argues this produces price impact measured in a couple of basis points, against roughly two hundred basis points for models that rely on recreating liquidity on-chain.
Settlement runs through USDon, a stablecoin backed one-to-one by US dollars in one of the platform's brokerage accounts. Buying SPYon with USDC triggers an atomic swap of USDC into USDon, which is then used to mint the token, and selling reverses it in a single transaction. Mint and redeem operations are authorized by signed attestations obtained through Ondo's API, each valid for a limited window, with a shorter validity giving a tighter spread.
Trading follows US market sessions rather than crypto hours. The platform is generally open from Sunday evening through Friday evening whenever US markets are open, spanning pre-market, core, post-market and overnight sessions, with short pauses at session boundaries and around corporate actions. A selected group of assets, SPYon among them, is additionally available during an off-hours session covering weekends and US market holidays.
Dividends are handled automatically. They are reinvested into the referenced stock and reflected in token pricing. On Solana and BNB Chain, in wallets and explorers that support Scaled UI, the effect appears in the displayed balance rather than in the price. Ondo notes the economic exposure is identical either way.
SPYON is an exposure instrument, not a utility or governance token. It does not confer voting rights over a protocol, does not earn staking rewards and does not entitle holders to platform fees. Its purpose is to track the total return of the referenced ETF on-chain.
It is transferable outside the United States across the supported chains, subject to jurisdictional and other restrictions, which makes it usable as a transferable asset and, where third parties choose to support it, as collateral in on-chain applications. Redemption is the one function that is gated: a holder must satisfy the issuer's know-your-customer requirements to redeem, and the issuer may refuse a redemption it believes would be non-compliant. ONDO, the governance token of Ondo Finance, is a separate asset and is unrelated to holding SPYON.
The design choice that matters most is minting against real market liquidity instead of maintaining an on-chain pool. Earlier tokenized equity products generally recreated liquidity on-chain, producing thin books, wide spreads and price dislocations from the underlying. Ondo's model routes size into the traditional market where the depth actually is.
The second is the protection stack. The issuer is a bankruptcy-remote special purpose vehicle with a distinct board including an independent director, with assets, books and accounts segregated from Ondo Finance Inc. and the Ondo Foundation group. Backing is full and, per Ondo's documentation, overcollateralized, and Ankura Trust Company holds a first-priority perfected security interest in that collateral, with authority to seize it, convert it to cash and distribute proceeds to tokenholders in specified default events. Daily attestations by an independent verification agent have been published since October 1, 2025. That is a more developed investor-protection structure than most tokenized asset wrappers offer.
The closest comparison is other tokenized S&P 500 exposure, such as the xStocks version of the same index. The substantive differences are the liquidity mechanism, the legal structure and the operating hours. Products that rely on on-chain liquidity pools tend to trade with wider spreads and larger dislocations during volatility, while Ondo's mint-and-redeem model transmits traditional market depth at the cost of requiring an onboarded, verified account to access the primary market.
Compared with synthetic or derivative exposure to equity indices, SPYON is asset-backed rather than collateral-margined, so it does not carry liquidation mechanics or funding rates, but it does carry issuer and custodian risk that a purely synthetic product structures differently. Within Ondo's own range, SPYON sits alongside single-name tokens such as the tokenized NVIDIA and Tesla exposures and other index products, all sharing the same issuance and protection framework.
Security spans legal, operational and technical layers.
Legally, the bankruptcy-remote SPV structure, asset segregation and the first-priority security interest held by Ankura Trust Company are intended to keep the backing assets available to tokenholders even in an insolvency of the issuer or of Ondo entities. Operationally, holdings sit with US-registered custodial broker-dealers, backing is full plus additional collateral, and independent daily attestations are published. Technically, the smart contracts have undergone independent audits by Spearbit and Cyfrin, and the tokens themselves inherit the security of Ethereum, BNB Chain and Solana respectively.
None of this eliminates risk. It relocates it from a single anonymous counterparty into a documented, multi-party structure that can be inspected before you commit funds.
SPYON is a concrete test of whether traditional securities can be represented on-chain without degrading the properties that make them useful. The index it references is the most widely held equity benchmark in the world, and the wrapper attempts to preserve real market liquidity, dividend treatment and asset backing while adding blockchain settlement and near-continuous availability. For investors outside the United States who cannot easily access US brokerage accounts, that combination is the practical argument for tokenization, stated more plainly than most real-world-asset products manage.
The primary route is minting directly on the Ondo Stocks web app after completing onboarding and identity verification, which is open to eligible non-US persons. Minting settles through USDon, and the platform will atomically convert other supported stablecoins such as USDC on your behalf.
SPYON is also transferable outside the US across Ethereum, BNB Chain and Solana, and can be bridged to HyperEVM, so it may be available on secondary venues. Ondo explicitly does not guarantee that such markets exist or are liquid, and anyone acquiring on a secondary market is deemed to represent that they are not a Prohibited Person. Always verify the contract address on the chain you are using against Ondo's published addresses.
SPYON is held in a standard wallet for whichever chain you hold it on: an EVM wallet such as MetaMask or Rabby for Ethereum, BNB Chain and HyperEVM, or a Solana wallet such as Phantom or Solflare for the Solana version. A hardware wallet paired with any of these keeps signing keys offline and is the sensible default for a position of size.
Two points are specific to this asset. First, on Solana and BNB Chain the displayed balance may change as dividends are reinvested, because of Scaled UI support, while the economic exposure is unaffected. Second, redemption back to stablecoins requires a verified account with the issuer, so holding SPYON in a wallet that is not linked to an onboarded identity means relying on secondary markets to exit. Plan the exit route before you enter, and keep recovery phrases offline.
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Paper trading rehberinin tamamını okuSPDR S&P 500 ETF (Ondo Tokenized ETF)'in güncel fiyatı ₺37.607,30 ve son 24 saatte %0,42 değişim göstermiştir.
Günlük işlem hacmi ₺6.343.886 ve son 24 saatte %47,14 değişim yaşanmıştır.
SPDR S&P 500 ETF (Ondo Tokenized ETF)'in piyasa değeri ₺2.191.835.712, küresel sıralamada #331.
SPDR S&P 500 ETF (Ondo Tokenized ETF)'in tam seyreltilmiş değeri (FDV) ₺2.191.862.378 olup, toplam 58.283 SPYON arzı varsayımıyla hesaplanmıştır.
Dolaşımda: 58.282. Toplam: 58.283. Maksimum: N/A.
Son 24 saatte SPDR S&P 500 ETF (Ondo Tokenized ETF), ₺37.497,39 ile ₺37.769,99 arasında işlem görmüştür.
SPYON/USDTTether USDT776,71 USDT
