Trade tokenized State Street SPDR S&P 500 ETF Trust

What is tokenized SPY?

Tokenized State Street SPDR S&P 500 ETF Trust (SPY) provides on-chain exposure to the underlying listed security. The issued asset token is a claim against S01 Issuer GmbH on the terms set out in its base prospectus; holders are unsecured contractual creditors of the Issuer. On The River it trades as wtSPY, a vault wrapper whose exchange rate to the issued token can change over time.

How trading works on The River

• Best price across venues. Each trade goes to the best net price between the issuer's orderbook (quoted during US market hours) and onchain DEX pools (around the clock, when there is liquidity). The site says plainly when there is none.
• Non-custodial. Your assets stay in smart-contract vaults you control; The River never takes custody.
• On-chain & composable. Settle on the selected network and use your tokenized SPY across DeFi.
• Orders and strategies that wait for you. Limit orders, recurring buys and other strategies live onchain as your own orders and fill when the market reaches them; cancel any time.

Other ways to hold SPY onchain

SPY is also tokenized by other issuers. The River compares them and routes each trade to the best price across onchain venues. Each issuer sets its own rules on who may hold its token.

• SPY · Robinhood on Robinhood Chain · 1 token = 1.0017 shares · not offered in the US, UK, Canada or Switzerland, among others

SPY token questions

Which SPY tokens can I trade on The River?

wtSPY (ST0x), SPY (Robinhood). The River compares them side by side and routes each trade to the best net price across onchain venues.

Can I trade SPY outside US market hours?

Yes, when there is onchain liquidity. The orderbook's market makers quote during US market hours; outside them trades route through DEX pools, and the site tells you when nobody is offering a trade. Limit orders and strategies wait onchain and fill when the market comes back.

What does it cost to trade SPY here?

A 0.10% The River fee on routed trades and orderbook fills, shown before you sign, plus network gas. Placing your own limit order or strategy has no The River fee.

Who can hold SPY tokens?

Each issuer sets who may hold its token, and the trade page shows those rules before you buy. The River never takes custody: tokens stay in your wallet or in orders you control.