Tokenized S&P 500 (SPY) SPY
As of Nov 5, 2026, 5 tokenized S&P 500 (SPY) tokens are tracked here, from xStocks, Ondo Global Markets, bStocks, Robinhood and Reality, with a combined market cap of $157M. The largest is SPYX on xStocks ($72.1M).
Every tokenized SPY token
| Platform | Token | Price | Market cap | 30D |
|---|---|---|---|---|
| xStocks |  SPYX | $771.49 | $72.1M | +13.3% |
| Ondo Global Markets |  SPYON | $772.37 | $47.4M | +1.9% |
| bStocks |  SPYB | $765.84 | $23.8M | +47.2% |
| Robinhood |  SPY | $765.96 | $11.9M | +0.0% |
| Reality |  RSPY | $765.66 | $1.94M | +12.8% |
Prices and market caps from CoinGecko, as of Nov 5, 2026. Not investment advice.
How tokenized SPY works
Each platform buys real S&P 500 (SPY) fund units through a broker, holds them with a custodian, and issues tokens that track the fund's price. Authorized traders mint and redeem tokens to keep the price close to the stock. Tokens can trade around the clock, but the shares underneath only trade in market hours, so token prices can drift overnight and at weekends. Read more in the tokenized stocks guide.
Tokenized SPY FAQ
How can I buy tokenized S&P 500 (SPY)?
Tokenized S&P 500 (SPY) (SPY) is available as SPYX on xStocks, SPYON on Ondo Global Markets, SPYB on bStocks, SPY on Robinhood and RSPY on Reality. Each platform sets its own eligibility rules, and most tokenized stocks aren't offered to US persons. Check the platform's terms before buying.
Which tokenized SPY token is the largest?
SPYX from xStocks, with a market cap of $72.1M as of Nov 5, 2026. Next is SPYON from Ondo Global Markets ($47.4M).
Does tokenized S&P 500 (SPY) give fund rights?
Usually not directly. Tokenized stocks generally track the share price, and sometimes pass on dividends, through a claim on shares held by the issuer or a custodian. They don't normally carry voting rights. Terms differ by platform, so read each one's documents.