SP500 xStock

Identity

Symbol

SPYx

Token standard

ERC-20

Network

Ethereum #1

Decimals

18

Contract

0x90A2a4c76b5D8c0bc892A69EA28Aa775a8f2dD48

Issuer

BackedBacked Assets (JE) Limited (issuer); Backed Finance AG (tokenizer)

Underlying ticker

SPY

ISIN

Not provided

Balance semantics

Rebasing balance

Rebasing token: balanceOf already reflects the corporate-action multiplier, so one token tracks one share. 18 decimals.

Issuer status

active

Terms, as documented by the issuer

Holder rights

Per the xStocks documentation, each xStock represents the economic value of the underlying share, is backed 1:1 by that share held in segregated custody under a three-party account control agreement with an independent security agent, and reflects dividends and splits through an on-chain rebasing mechanism. The documentation we checked does not describe shareholder rights such as voting; treat them as not provided.

Redemption

Issuance and redemption through the issuer operate 24/5 for onboarded users (issuer documentation); otherwise tokens trade on secondary venues.

Eligibility

Not intended for distribution in the United States, to US persons or in other prohibited jurisdictions; the issuer's legal documentation lists restricted countries.

Transfer restrictions

Described by the issuer as permissionless with no technical transfer restrictions. On EVM networks the token rebases; the issuer provides ERC-4626 wrappers (wrapperAddressV2 in its public API) for protocols that need a non-rebasing balance.

Fees

Not provided

Issuer documentation

https://docs.backed.fi/

Nothing here is inferred from the token name. "Not provided" means the issuer pages we checked did not state it; it does not mean the right or restriction is absent.

Sources