Spiko US T-Bills Money Market Fund

USTBL Price

About Spiko US T-Bills Money Market Fund (USTBL)

Spiko US T-Bills Money Market Fund (USTBL) is a regulated, tokenized investment vehicle that provides on-chain exposure to United States Treasury Bills while maintaining a stable peg to the US Dollar.

• The fund is fully licensed under the European Union regulatory framework and approved by the French Financial Markets Authority (AMF).
• It exclusively invests in short-term US Treasury Bills with maturities of less than six months to ensure high liquidity and capital preservation.
• The project operates as a bankruptcy-remote structure, meaning assets are held by third-party custodians rather than on the issuer's balance sheet.

What Is Spiko US T-Bills Money Market Fund

Spiko US T-Bills Money Market Fund is a decentralized finance (DeFi) solution designed to bridge traditional capital markets with blockchain technology. It functions as a tokenized money market fund, allowing investors to hold a digital asset that represents a share in a regulated fund managed by Spiko. The primary value proposition is providing a low-risk, yield-bearing alternative to traditional stablecoins by backing the digital tokens with government-backed debt instruments.

Value moves through the system via the issuance and redemption of USTBL tokens. When an investor purchases USTBL, the underlying capital is used to acquire United States Treasury Bills. The fund maintains an average portfolio maturity of no more than two months, optimizing for both yield and liquidity. As the underlying treasury bills accrue interest, the net asset value (NAV) of the fund increases, which is reflected in the token's value or distributed to holders, effectively putting the capital to work in a secure, sovereign-backed environment.

As the ecosystem grows, Spiko scales by increasing the total assets under management (AUM) within its regulated framework. This expansion allows for deeper liquidity across multiple blockchain networks, including Ethereum, Arbitrum, Base, Starknet, and Polygon.

What Makes Spiko US T-Bills Money Market Fund Unique

• EU Regulatory Compliance: Unlike many offshore stablecoin issuers, Spiko operates as a MiFID-authorized investment firm in France, providing a high level of legal oversight.
• Bankruptcy-Remote Structure: Assets are safeguarded by Tier 1 depositary banks such as CACEIS (Crédit Agricole), ensuring that investor funds are protected even if the issuer faces financial distress.
• Multi-Chain Availability: USTBL is natively available across several prominent Layer 2 networks, facilitating easy integration into various DeFi protocols.
• Institutional-Grade Partners: The fund collaborates with global leaders in finance, including Amundi for asset management and PwC for auditing, to maintain transparency and operational excellence.

What Can You Use Spiko US T-Bills Money Market Fund for?

Spiko US T-Bills Money Market Fund is pegged to the US Dollar. Drawing on its structure as a tokenized treasury fund, it serves the following primary use cases:

1. Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar, reducing exposure to the high volatility typically associated with the broader cryptocurrency market.
2. Yield generation: USTBL generates yield derived from United States Treasury Bills. Holders can earn a risk-free rate (net of fees) by holding the token, with interest typically accrued and reflected daily through the fund's NAV or distribution mechanism.
3. Cross-border settlement / value transfer: It provides a compliant and efficient vehicle for international remittances and global trade, enabling the frictionless transfer of US Dollar value across borders using blockchain technology.
4. Collateralization: USTBL can be utilized as high-quality collateral within decentralized lending and borrowing protocols or as margin for derivatives, providing a stable backing for complex financial operations.

How Does Spiko US T-Bills Money Market Fund Work?

The technical mechanism of Spiko involves a process known as tokenization, where real-world financial rights are converted into digital tokens on a blockchain. When a user interacts with the Spiko platform, their fiat or stablecoin deposits are used by a regulated asset manager to purchase short-term US Treasury Bills. These physical assets are held by a licensed custodian, ensuring a 1:1 backing for every token in circulation.

The system utilizes smart contracts to manage the issuance and redemption of USTBL tokens. These contracts ensure that tokens are only minted when corresponding assets are secured and are burned upon redemption. Because USTBL is an application-level Real World Asset (RWA) token, it does not serve as a network gas token. Instead, transaction fees on the underlying blockchains are paid in the respective native assets (e.g., ETH for Ethereum), while USTBL functions solely as a vehicle for value and yield.

Team Info and Investors

Spiko was founded by a team with extensive experience in fintech and traditional finance. The project is backed by prominent venture capital firms and strategic investors, having raised $22 million in a Series A funding round led by Index Ventures and the CEO of Revolut. Other notable backers include Orbit and various angel investors from the finance sector. The project emphasizes a transparent governance structure and partners with established institutions like BNP Paribas and Crédit Agricole to ensure institutional-grade security and compliance.

Where can you buy Spiko US T-Bills Money Market Fund?

USTBL 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 US T-Bills Money Market Fund (USTBL)?

The trading volume of Spiko US T-Bills Money Market Fund (USTBL) is $49.95 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Spiko US T-Bills Money Market Fund (USTBL)?

Spiko US T-Bills Money Market Fund (USTBL) reached an all-time high of $1.09 and an all-time low of $1.01. It’s now trading 0.00% below that peak and 7.40% above its lowest price.

What is the market cap of Spiko US T-Bills Money Market Fund (USTBL)?

Market capitalization of Spiko US T-Bills Money Market Fund (USTBL) is $161,582,484 and is ranked #194 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USTBL tokens (150 Million tokens are tradable on the market today).

What is the fully diluted valuation of Spiko US T-Bills Money Market Fund (USTBL)?

The fully diluted valuation (FDV) of Spiko US T-Bills Money Market Fund (USTBL) is $161,582,484. This is a statistical representation of the maximum market cap, assuming total number of 150 Million ETH tokens are in circulation today.

How does the price performance of Spiko US T-Bills Money Market Fund compare against its peers?

With a price increase of 0.10% in the last 7 days, Spiko US T-Bills Money Market Fund (USTBL) is outperforming the global cryptocurrency market which is down -2.60%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.

How to add Spiko US T-Bills Money Market Fund (USTBL) to MetaMask?

Adding Spiko US T-Bills Money Market Fund (USTBL) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import USTBL as a token. You can copy USTBL’s contract address (0xe4880249745eac5f1ed9d8f7df844792d560e750) and import it manually, or if you've installed MetaMask's chrome extension, add USTBL to MetaMask with one click on CoinGecko.

Add USTBL to MetaMask.