SP500 xStock (SPYX): issuer, networks, and where it trades

SPYX (SP500 xStock) is a tokenized real-world security issued by Backed Assets (JE) Limited, authorized by the FMA Liechtenstein and JFSC in Jersey. This financial instrument provides synthetic exposure to the SPDR S&P 500 ETF Trust (SPY) through a rebasing multiplier, allowing holders to gain economic exposure without direct ownership of the underlying asset. Unlike direct ownership of SPY, holders of SPYX do not have shareholder rights, such as voting rights or direct dividend entitlements. Additionally, this instrument is not available to residents of the US, UK, Canada, or Australia. The specific blockchain network on which SPYX operates is not detailed in the legal substance. It remains unclear how dividends and stock splits of the underlying asset are handled in relation to this tokenized security.

SPYX data covers 4 venues. The available products determine which staking rates, withdrawal fees and funding rates appear. Sources include exchange APIs, protocols and aggregators. Scheduled collection: exchange staking every 10 minutes, funding every 10 minutes, fees and network availability every 30 minutes. On-chain yields follow their source schedule.