SP500 rStockPrice

(SPYR)

SP500 rStock ($SPYR) is a tokenized version of the SPDR S&P 500 ETF Trust ($SPY) issued on the Solana blockchain. Classified as a Real-World Asset (RWA), it bridges traditional finance with decentralized finance by tracking the S&P 500 index. Each token provides economic exposure to the traditional ETF while existing natively on the blockchain, allowing users to interact with a traditional equity index through a digital asset framework.

The $SPYR token is designed to be fully backed 1:1 by the underlying traditional securities. The issuer, Remora Markets, ensures that for every token in circulation, an equivalent number of $SPY shares is held in custody by a regulated third-party financial institution. This structure aims to provide high levels of transparency, with underlying shares typically legally isolated from the issuer's own balance sheet to protect token holders.

Unlike the traditional $SPY ETF, which is limited to traditional stock exchange hours, $SPYR can be traded 24/7. It is available on various Solana-based decentralized exchanges and major trading platforms such as LBank. This continuous availability allows global investors to manage their positions and respond to market movements at any time, regardless of whether the U.S. stock market is open.

Regarding dividends, $SPYR's policy typically involves structures where the economic value of dividends is passed through to holders, often via price adjustments or reinvestment strategies. However, $SPYR holders generally do not receive shareholder voting rights in the underlying companies or the ETF itself, as the token represents economic exposure rather than direct legal ownership of the voting shares held in custody.

As a Solana-native SPL token, $SPYR is designed for integration within the broader DeFi ecosystem. Users can potentially use it as collateral on supported Solana-based DeFi platforms to unlock liquidity against their S&P 500 positions. This utility allows investors to maintain their market exposure while simultaneously participating in decentralized finance activities, such as lending, borrowing, or automated asset management.

Yes, as a tokenized security, $SPYR is subject to specific regulatory frameworks. Many Real-World Asset projects exclude residents of certain jurisdictions, such as the United States, due to local securities regulations. While trading on decentralized platforms is often permissionless, processes like direct minting or the redemption of tokens back into real shares usually require KYC (Know Your Customer) verification to ensure legal compliance.