What is SPDR S&P 500 ETF (Ondo Tokenized ETF)?

SPYon is the tokenized version of the SPDR S&P 500 ETF, designed to provide tokenholders with economic exposure akin to holding the underlying asset and reinvesting dividends. It allows users, both retail and institutional, outside of the U.S. to mint and redeem tokenized U.S. stocks and ETFs.

The platform operates 24 hours a day, five days a week, offering access to traditional exchange liquidity. Specific restrictions may apply to users in different regions.