Spiko Digital Assets Cash & Carry Fund

SPKCC Price

About Spiko Digital Assets Cash & Carry Fund (SPKCC)

A systematic investment fund that tokenizes a market-neutral cash-and-carry strategy to provide institutional-grade returns on the US Dollar.

• Allocates capital monthly between crypto cash-and-carry trades on the Chicago Mercantile Exchange (CME) and short-duration US Treasury bills.
• Operates as a fully-licensed French professional specialized investment fund (fonds professionnel spécialisé) under the supervision of the French Financial Markets Authority (AMF).
• Provides daily liquidity with T+2 settlement, allowing investors to access their cash while earning yields derived from market-neutral strategies.

What Is Spiko Digital Assets Cash & Carry Fund

Spiko Digital Assets Cash & Carry Fund is a tokenized financial product designed to capture the spread between spot and futures prices of digital assets like Bitcoin and Ethereum, or the yield from US Treasury bills. The fund's value proposition lies in its ability to offer predictable, market-neutral returns that exceed the prevailing risk-free rate without taking directional price risk on cryptocurrencies.

Value moves through the system via a rules-based strategy index (SPKCC) administered by Compass Financial Technologies. Each month, capital is systematically deployed into the opportunity offering the highest net return among Bitcoin carry trades, Ethereum carry trades, or Treasury bills. The token is put to work as a capitalization vehicle, where investment returns directly reflect the performance of the strategy and are accrued to the token's value. The fund scales by accessing the deep liquidity of the CME futures market and the primary market for US sovereign debt through institutional-grade counterparties.

What Makes Spiko Digital Assets Cash & Carry Fund Unique

• Deterministic Strategy: Uses a fully deterministic allocation model developed by Spiko, ensuring transparency and eliminating discretionary management bias.
• Institutional-Grade Counterparty: The strategy is implemented by Marex, a global financial services firm specializing in commodities and risk management.
• Regulated Framework: As a French Professional Specialized Fund (FPS), it adheres to rigorous regulatory standards, with CACEIS (Crédit Agricole Group) serving as the depositary bank and PwC as the statutory auditor.
• Multi-Chain Accessibility: The fund is available as a tokenization on multiple blockchain networks, including Ethereum, Arbitrum, Polygon, and Base.

What Can You Use Spiko Digital Assets Cash & Carry Fund for?

The Spiko Digital Assets Cash & Carry Fund is pegged to the US Dollar.

1. Value retention: The asset allows users to maintain an on-chain representation of the US Dollar, potentially reducing exposure to crypto market volatility through its market-neutral investment approach.
2. Yield generation: Investors can earn returns derived from short-duration US Treasury bills or the basis spread in digital asset futures markets when those opportunities offer yields above the risk-free rate (SOFR).
3. Cross-border settlement / value transfer: Facilitates the global transfer of USD-denominated value across various blockchain layers with institutional-grade backing and regulatory oversight.
4. Collateralization: While the source does not specify current integration into borrowing or lending protocols, it is designed for institutional and professional investors as a yield-bearing cash management tool within the Real World Assets (RWA) ecosystem.

How Does Spiko Digital Assets Cash & Carry Fund Work?

The fund operates through a mechanism known as a cash-and-carry trade. This involves purchasing an asset on the spot market and simultaneously selling a futures contract for the same asset at a higher price, thereby locking in the price difference as a return. Spiko monitors these spreads daily on the CME and switches to US Treasury bills if the carry trade return falls below the risk-free rate.

The token acts as an application utility token for accessing this strategy. Its protocol service fees include a 1% fixed annual fee and a 25% performance fee on returns above the risk-free rate. The strategy is executed off-chain by Marex using Coinbase for spot custody and the CME for futures trading, while the on-chain tokens represent the investor's share in the fund's net asset value.

Team Info and Investors

Spiko Digital Assets Cash & Carry Fund is managed by Twenty First Capital, a French asset management firm. The project's operational infrastructure is supported by strategic partnerships with global institutions, including Marex for strategy implementation, CACEIS for depositary and accounting services, and PwC for auditing. The fund is declared to the French Financial Markets Authority (AMF) and is open to professional investors with a minimum initial subscription requirement.

Where can you buy Spiko Digital Assets Cash & Carry Fund?

SPKCC tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Spiko Digital Assets Cash & Carry Fund (SPKCC)?

The 24 hour trading volume of Spiko Digital Assets Cash & Carry Fund (SPKCC) is $0 which signals a drop in market activity. If you own SPKCC tokens, liquidity of the token is likely to be low. Proceed with caution. You may explore CoinGecko’s list of most traded cryptos for coins with higher liquidity.

What is the highest and lowest price for Spiko Digital Assets Cash & Carry Fund (SPKCC)?

Spiko Digital Assets Cash & Carry Fund (SPKCC) reached an all-time high of $1.03 and an all-time low of $1.01. It’s now trading 0.00% below that peak and 1.70% above its lowest price.

What is the market cap of Spiko Digital Assets Cash & Carry Fund (SPKCC)?

Market capitalization of Spiko Digital Assets Cash & Carry Fund (SPKCC) is $5,621,490 and is ranked #1680 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SPKCC tokens (5.5 Million tokens are tradable on the market today).

What is the fully diluted valuation of Spiko Digital Assets Cash & Carry Fund (SPKCC)?

The fully diluted valuation (FDV) of Spiko Digital Assets Cash & Carry Fund (SPKCC) is $5,621,490. This is a statistical representation of the maximum market cap, assuming total number of 5.5 Million ETH tokens are in circulation today.

How does the price performance of Spiko Digital Assets Cash & Carry Fund compare against its peers?

With a price increase of 0.20% in the last 7 days, Spiko Digital Assets Cash & Carry Fund (SPKCC) is underperforming the global cryptocurrency market which is up 9.20%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 10.40%.

How to add Spiko Digital Assets Cash & Carry Fund (SPKCC) to MetaMask?

Adding Spiko Digital Assets Cash & Carry Fund (SPKCC) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SPKCC as a token. You can copy SPKCC’s contract address (0x4f33acf823e6eeb697180d553ce0c710124c8d59) and import it manually, or if you've installed MetaMask's chrome extension, add SPKCC to MetaMask with one click on CoinGecko.

Add SPKCC to MetaMask.