SP500 xStock on TON

SPY, the SPDR S&P 500 ETF Trust, the fund that holds the S&P 500, meaning the 500 largest companies listed in the US and roughly 80% of the US equity market by value. Holdings are weighted by market value rather than equally, so the largest few companies account for an outsized share of how the index moves. SPY launched in 1993 as the first exchange-traded fund listed in the US. SPYx is a tokenised tracker certificate from Backed Assets (JE) Limited, following the SPY share price on-chain.