SP500 Reference Token (SPYs)

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This section provides the official Terms and Conditions for the SP500 Reference Token (SPYs) and any future updates. The SPYs is a price-tracker token referencing the SPDR S&P 500 ETF (SPY), issued by ARTokens GmbH. The SP500 Reference Tokens seek to maintain a stable value in relation to shares of the SPDR S&P 500 ETF Trust (ISIN: US78462F1030) ("SPY Shares").

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Overview

Our Terms & Conditions govern the issuance, subscription, transfer, redemption, and related rights and obligations of the SPYs Asset-Referenced Tokens under the EU Markets in Crypto-Assets Regulation (MiCAR). It includes:

• Issuer details, offer limits, and supported blockchains

• How to subscribe, pay, and redeem the tokens

• The backing asset and reserve custody and audit

• Tokenholder rights to redeem for shares or cash

• Termination, costs, taxes, and legal venue

• Disclosures and notices

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Version History & Audit Trail

This table tracks the publication dates and versions of all official updates regarding the Terms Sheet.

Document	Published Date	Link to file
SP500 Reference Token Terms of Use	July, 3rd 2025	Link

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Please always check for the latest version before relying on any document.