RWA: DeFi-Ready Tokenised Equities
xSPY
(Tokenised S&P500 ETF Equity)
Key Highlights
- Tracks the S&P 500 Index, representing 500 of the largest U.S. companies
- One of the most liquid ETFs globally, widely used by institutions
- Offers broad diversification across all major sectors
- Ideal for core portfolio exposure and long-term performance
Purpose & Strategy
Provide diversified exposure to the S&P 500 on-chain through a regulated CMP Token structure that offers liquidity, transparency, and institutional-grade custody, with ETF units held by a licensed custodian and leading global sub-custodians. By integrating blockchain technology, xSPY enables on-chain secondary trading, efficient settlement, and enhanced accessibility, while preserving the price integrity and diversification benefits of the S&P 500 Index.
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xSPY Token Overview
Product Full Name:
xSPY Token
Underlying CMP:
SPDR S&P 500 ETF (SPY)
Mint Ratio:
1 xSPY Token : 1 SPY ETF Unit
Price Tracking
The CMP Token Price for subscription shall be equal to the execution price of the Underlying CMP Unit as purchased by the designated broker pursuant to the corresponding buy order.
Service Providers
Token Issuer
Alpha Ladder Finance Pte. Ltd. (“ALFIN”)
Token Custodian (CMP Token)
ALFIN
Underlying CMP Custodian
State Street Bank & Trust Co.
Blockchain / Network
Arbitrum
Token Standard
ERC-20
Digital Asset Service Provider
MetaComp Pte. Ltd
Underlying Asset Details
Reference Asset
SPDR S&P 500 ETF Trust (SPY)
ISIN
US78378X1072
Symbol
SPY (Tracked 1:1)