SPY is a tokenized version of the ETF, backed 1:1 by actual shares and issued on the blockchain. It enables users to gain exposure to equity through a digital asset, combining the familiarity of traditional securities with the accessibility and efficiency of blockchain technology.

The SPDR S&P 500 ETF Trust is one of the most widely traded ETFs in the world. It seeks to track the performance of the S&P 500 Index, a benchmark of 500 large-cap U.S. companies. The fund provides instant diversification across sectors like technology, healthcare, finance, and energy.