SP500 (SPYx) is a tokenized asset on Solana issued by Backed Assets. Each token tracks the underlying share 1:1 as a Token-2022 token and moves with Solana finality; the issuer holds pause, freeze, and delegate powers over the token. On U.CASH you can accept SPYx payments, swap it non-custodially, and hold it in your own wallet.
Straight into the app: Swap SPYx · Buy SPYx · Get UCASH with SPYx
Solana mainnet. Settlement is non-custodial, on-chain to a wallet you control. Confirmation policy: Solana finality (single slot).
A single U Account works across accept, swap, and buy. Pick where to start.
Take SPYx in checkout alongside cards on 35 networks. White-label, non-custodial, live in minutes.
Trade SPYx for any asset across the network, routed for the best price.
Get SPYx with any asset you hold, one step, settled to your wallet.
4 forms across 3 chains, compared side by side: issuers, contracts, and ISINs.
On-chain token facts, issuer disclosures, and the public filings an investigator needs, in one place. Everything below is verified at generation time or links to the primary source.
Token-2022 extensions configured by the issuer. The issuer holds these powers by design; they are disclosed, not hidden.
Latest filings from the U.S. Securities and Exchange Commission EDGAR system, for the underlying SPDR S&P 500 ETF TRUST (CIK 884394, NYSE). The token tracks this entity; it is not issued by it.
U.CASH reads the pool price on the token's own on-chain market, refreshed every few minutes. Open the swap for a live quote. Legal terms on the tokenized assets disclosure.
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Two things and you are ready. A wallet that can hold SP500 and a little SOL for gas on its chain, and the receiving address you want the output delivered to, which can be a raw address or a web3 name where the wallet resolves one. The preview shows the full picture before anything is signed: what leaves, what arrives, the fee, and the network cost. Nothing in the flow asks you to hand over keys; the wallet stays yours and signs only what you approved on screen.
The cost picture is two lines. The platform side is a flat 0.50% all-in on the swap, quoted before you sign, with no spread and no routing cut behind it. The network side is gas paid in SOL, settling with about 400 ms blocks on Solana mainnet, which the preview itemizes per leg. Settlement is on-chain to the address you chose: Solana finality (single slot) on this asset, after which the balance is spendable and non-custodial in the fullest sense, yours to move with no platform in the path.
Underneath, the aggregated DEX route executes the trade with all-or-nothing semantics: partial fills do not exist here, and a route unable to meet the bounds you approved reverts the whole transaction rather than settling something worse. Your exposure window between legs is therefore zero, the only cost of a failed attempt is its gas, and re-quoting is a click.
Tokenized assets price from their issuer's own feed rather than a crypto market, so the quote tracks the underlying's session, and transfer eligibility follows the issuer's on-chain rules: the contract enforces them at settlement, which is why the checkout asks buyers to confirm eligibility once. These assets are not card-buyable; acquisition runs through the swap rail, and the fee structure above applies unchanged. What the wrapper adds is exposure with wallet speed, not brokerage machinery: no deposit account, no settlement lag between deciding and holding. Holders keep the same options as any token: send it, spend it where it is accepted, or swap back out the way they came in, and every movement carries the chain's own finality with it.
One account unlocks accept, swap, buy, and the rest of the U.CASH network across 35 networks.