SPYx, a tokenized product that mirrors the SPDR S&P 500 ETF Trust, has accumulated $18.3 million in deposits across multiple decentralized finance venues since its launch on June 30, 2025. The token exists in two forms: an SPL token on Solana and an ERC-20 on Ethereum, enabling around-the-clock trading and fractional amounts. Chainlink handles price feeds and the oracle layer, while FlowDesk provides liquidity support. Morpho holds approximately $7.9 million in SPYx collateral, making it one of the primary destinations for users seeking to put their tokenized equity to work. Across all DeFi venues, total value locked in tokenized-stock lending reached approximately $23.1 million in July 2026.
Source: Read the original article
