bStocks' SPYb Token Gains $6.3M DeFi Liquidity Amid Rapid Growth
bStocks' tokenized stock platform has produced a quiet breakout hit in the form of its SPYb token. This BEP-20 token gives holders 1:1 economic exposure to the SPDR S&P 500 ETF and has pulled in roughly $6.3 million in deposits across DeFi platforms.
The token, which lives on BNB Smart Chain and is fully backed by custodied SPY shares, launched alongside the broader bStocks platform in June 2026. In the two months since its launch, SPYb has become one of the most actively traded tokens in the bStocks lineup.
The bStocks platform crossed $100 million in assets under management just 15 days after launch and reached a staggering $624 million by early August 2026. Despite this impressive growth, the actual SPY ETF manages over $500 billion in assets, putting the scale of bStocks' platform into perspective.