Spiko Moves Tokenized Money Market Funds to Etherlink on Tezos Blockchain
Spiko, a leading investment technology company, has recently announced its decision to migrate its tokenized US and EU Treasury Bill money market funds to Etherlink, a Layer-2 blockchain built on Tezos (XTZ) technology. This strategic move is part of Spiko’s ongoing expansion efforts, which have already seen successful integrations with major blockchain networks such as Arbitrum One (ARB), Starknet (STRK), and Polygon (POL).
Etherlink: A Promising Platform for DeFi
Known for its low transaction costs, censorship resistance, and near-instant block times, Etherlink is actively enhancing its decentralized finance (DeFi) ecosystem. Paul-Adrien Hyppolite, co-founder and CEO of Spiko, described Etherlink as a “natural fit” for the company.
Access to Spiko’s EUR and USD Income Funds
Through the integration of Spiko’s money market funds, Etherlink users will gain access to the company’s EUR and USD income funds. These funds, which boast over $165 million in assets under management and full compliance with the Undertakings for Collective Investment in Transferable Securities Directive, are represented as tokenized USTBL and EUTBL shares. As highly successful real assets (RWAs), the integration will introduce a variety of new liquid tokenized savings solutions to Etherlink users.
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