Wrapped SP500 xStock

(wSPYx)

Onchain Marketcap$1.47m

Active Marketcap$1.47m

DeFi Active TVL$1.21m

wSPYx Price$757.99

Chains5

Token Properties

CategoryRWA Wrappers,Stocks & Equities

Asset ClassSingle Asset Wrapper,Equity Basket

TypeWrapper

RWA ClassificationProgrammable Finance

Access ModelPermissionless

Parent PlatformxStock

Classification

RedeemableIndicates whether the token can be redeemed for underlying assets

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

Issuer Information

IssuerBacked Assets (JE) Limited

Registry InformationBacked Assets (JE) Limited – Jersey company no. 152608, registered address First Floor, La Chasse Chambers, Ten La Chasse, St. Helier, Jersey JE2 4UE. LEI 984500001AB7C6C7F577.

Sourcehttps://assets.backed.fi/products/sp500-xstock

Attestations

Date of Last AttestationContinuous (on-chain)

Attestation FrequencyContinuous (real-time Chainlink PoR)

View AttestationsThird-party verification reportsView AttestationsThird-party verification reports

Notes

  • wSPYx is the ERC-4626 wrapped version of SPYx (SP500 xStock). It wraps SPYx into a standardized vault-share token to enable DeFi composability such as use as collateral in lending markets, automated strategies, and other yield protocols. Each wSPYx represents a share claim on deposited SPYx
  • underlying real-world exposure, redemption mechanics, and reference price tracking are inherited from the underlying SPYx xStock issued by Backed. The wrapper does not rebase, so its share-to-underlying ratio grows with the xStocks multiplier, making it a total-return tracker rather than a price-parity tracker.

DeFi Active TVL by Protocol

Protocol
Logo of Morpho BlueMorpho Blue$1.07m88.41%
Logo of EdelEdel$86,8807.17%
Logo of Fluxion NetworkFluxion Network$53,5724.42%