SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) Price

$662.02

SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) Price Today

The live price of SPDR S&P 500 Tokenized ETF (Ondo) is 662.02 USD. In the past 24 hours, the trading volume of SPDR S&P 500 Tokenized ETF (Ondo) was 497.9K USD, down by -0.15%. The current price has decreased by -0.41% from its 7-day high of 664.76 USD, and increased by 0.92% from its 7-day low of 655.97 USD. With a circulating supply of 32,160.08 SPYON, the market cap of SPDR S&P 500 Tokenized ETF (Ondo) is currently 21.2M USD, down by -0.30% in the last 24 hours. SPDR S&P 500 Tokenized ETF (Ondo) currently ranks #904 by market capitalization among cryptocurrencies.

SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) Market Data

Market Cap

$21.2M

24h Volume

$497.9K

Circulating Supply

32.1K SPYON

Maximum Supply

Fully Diluted Market Cap

$21.2M

Liquidity Indicator

2.34%

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About SPDR S&P 500 Tokenized ETF (Ondo) (SPYON)

What Is SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) and How Does It Work?

SPYON is the Ondo tokenized version of the SPDR S&P 500 ETF (SPY), one of the world’s most widely traded exchange-traded funds. By holding SPYON, investors gain blockchain-based exposure to the performance of the S&P 500 index, which tracks 500 of the largest publicly traded companies in the United States. Token holders mirror the price performance of SPY and benefit from dividend distributions, with the added flexibility of blockchain integration such as global accessibility, instant settlement, and compatibility with decentralized finance (DeFi).

Each SPYON token is fully backed by shares of the SPDR S&P 500 ETF held with regulated U.S. broker-dealers. This ensures that tokens correspond directly to the underlying asset, bridging traditional finance with DeFi. For non-U.S. investors, SPYON provides a compliant and accessible way to gain diversified equity exposure without relying on a traditional brokerage account.

What Is Ondo Finance (ONDO)?

Ondo Finance (ONDO) is a decentralized finance protocol focused on real-world asset (RWA) tokenization. Since its founding in 2022, Ondo has worked to bring institutional-grade assets such as Treasuries, ETFs, and equities onto blockchain rails. All tokenized products are backed 1:1 by custodians and broker-dealers, ensuring transparency and investor protection.

Ondo enables assets like SPYON to be traded 24/7, made borderless, and integrated with DeFi protocols, advantages that traditional ETFs cannot provide. Governance is managed through the ONDO token, with decisions guided by the Ondo DAO. Looking ahead, Ondo is also building Ondo Chain, a Layer-1 blockchain designed specifically for large-scale RWA adoption.

When Was SPDR S&P 500 Tokenized ETF (Ondo) Launched?

SPYON was introduced in September 2025 as part of the Ondo Global Markets launch, which brought more than 100 tokenized U.S. equities and ETFs to Ethereum. The development timeline includes:

• February 2025: Ondo introduced its framework for tokenizing stocks, ETFs, and bonds

• June 2025: Formation of the Ondo Global Markets Alliance with over 20 partners to establish tokenization standards

• September 2025: SPYON launched on Ethereum under Ondo Global Markets

• Future expansion: Rollout to BNB Chain and Solana through LayerZero cross-chain integration

What Is the SPYON Token Utility?

The SPYON token provides blockchain-based access to the diversified performance of the S&P 500 index via the SPDR ETF. Token holders replicate the same economic exposure as SPY investors, including price changes and dividend distributions, while benefiting from tokenization advantages such as faster settlement and global transferability.

On the BingX Spot Market, users can trade SPYON directly by selecting the SPYON/USDT pair. Once an order is completed, tokens are credited to the user’s BingX wallet, where they can be held, retraded, or transferred.

What Is SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) Tokenomics?

The tokenomics of SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) are designed to replicate the performance of the SPDR S&P 500 ETF on a 1:1 basis. Each token is fully backed by SPY ETF shares held in regulated custody, ensuring that its market capitalization reflects the value of the underlying asset. Because the circulating supply equals the total supply, the fully diluted market cap (FDV) is identical to the live market cap, demonstrating the straightforward design of the product.

SPYON runs as an ERC-20 token on Ethereum, with its contract address published by Ondo Finance for transparency. This makes the token easily compatible with decentralized applications while remaining compliant under Ondo’s Global Markets framework. By linking directly to the SPDR ETF, SPYON combines broad U.S. equity exposure with blockchain-native advantages such as liquidity, transparency, and 24/7 trading flexibility.

What Blockchain Network Does SPYON Operate On?

SPYON is currently live on Ethereum, taking advantage of its security and DeFi ecosystem. Ethereum also hosts more than 100 other tokenized U.S. equities and ETFs issued through Ondo.

Expansion plans include BNB Chain and Solana, supported by LayerZero cross-chain infrastructure, which will reduce costs and provide wider accessibility. Ondo is also developing Ondo Chain, a dedicated Layer-1 blockchain optimized for regulated tokenized assets, operated by permissioned validators drawn from the financial sector.

Which Wallets Support SPYON Tokens?

As an ERC-20 token, SPYON can be stored in any Ethereum-compatible wallet. Options include MetaMask for browser and mobile, Trust Wallet for easy mobile management, and hardware wallets like Ledger and Trezor for secure cold storage.

Is SPDR S&P 500 Tokenized ETF (Ondo) a Good Investment?

SPYON offers investors exposure to the S&P 500, a globally recognized benchmark for U.S. large-cap equities, while delivering blockchain-native features such as borderless transfers and continuous trading. For international investors, SPYON is a convenient way to access diversified U.S. market exposure without going through traditional brokerage channels.

Still, investors should weigh the risks, including evolving regulations around tokenized ETFs and potential vulnerabilities in smart contracts. SPYON may appeal to investors seeking blockchain-based diversification into U.S. equities, while more conservative market participants may prefer traditional ETF markets until regulatory clarity matures.

Information source

Official Website

SPDR S&P 500 Tokenized ETF (Ondo) (SPYON) Price Converter

SPYON to USD

1 SPYON = $ 662.33

SPYON to VND

1 SPYON = ₫ 17,474,910.66

SPYON to EUR

1 SPYON = € 563.78

SPYON to TWD

1 SPYON = NT$ 20,022.98

SPYON to IDR

1 SPYON = Rp 11,023,703.84

SPYON to PLN

1 SPYON = zł 2,404.31

SPYON to UZS

1 SPYON = so'm 8,166,365.58

SPYON to JPY

1 SPYON = ￥ 97,975.59

SPYON to RUB

1 SPYON = ₽ 55,364.98

SPYON to TRY

1 SPYON = ₺ 27,367.59

SPYON to THB

1 SPYON = ฿ 21,122.02

SPYON to UAH

1 SPYON = ₴ 27,371.63

SPYON to SAR

1 SPYON = ر.س 2,484.07

SPDR S&P 500 Tokenized ETF (Ondo) Price Converter

How to Buy SPDR S&P 500 Tokenized ETF (Ondo) (SPYON)

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Frequently Asked Questions about SPDR S&P 500 Tokenized ETF (Ondo) (SPYON)

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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