Spiko, a leading investment technology company, has exciting news for cryptocurrency enthusiasts. The company has announced that its tokenized US and EU T-Bills Money Market Funds will soon be available on Etherlink, a Layer-2 (L2) blockchain platform built on Tezos (XTZ) technology. This development was reported to Finbold on Wednesday, February 13th.
This move is part of Spiko’s ongoing expansion strategy, which has seen the company integrate with other major blockchain networks like Arbitrum One (ARB), Starknet (STRK), and Polygon (POL, formerly MATIC). By bringing their tokenized funds to Etherlink, Spiko aims to tap into the platform’s low transaction costs, censorship resistance, and fast block times.
Etherlink, known for its commitment to improving decentralized finance (DeFi) ecosystem, is an ideal choice for Spiko. Paul-Adrien Hyppolite, Spiko’s co-founder and CEO, expressed his excitement about the partnership, stating, “As Etherlink is known for its ultra-low transaction costs, it seemed like a natural fit for us, considering our longstanding commitment to financial inclusivity.”
With over $165 million in assets under management and full compliance with the Undertakings for Collective Investment in Transferable Securities Directive (UCITS), Spiko’s tokenized money market funds (USTBL and EUTBL) represent highly successful real-world assets. The integration of these funds on Etherlink will provide users with access to yield-generating opportunities in EUR and USD, introducing a range of liquid, tokenized savings solutions.
Etherlink has been making significant strides in the digital finance space, with recent launches like uranium.io, the first online trading marketplace for physical uranium, and the introduction of “.etherlink” domains for Web3 identities. The platform’s rapid expansion aligns well with Spiko’s mission to democratize transparent financial services. Hyppolite emphasized this, stating, “At Spiko, we believe financial services infrastructure should be digital, open, and composable. We’re dedicated to bridging the gap between traditional financial systems and digital assets.”
The tokenized money market funds from Spiko are expected to go live by the end of the month, further solidifying Etherlink’s position as a key player in the digital finance ecosystem. Stay tuned for more updates on this exciting collaboration between Spiko and Etherlink.