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Deployments · Spiko · platform by Spiko

Spiko EU T-Bills Money Market Fund (EUTBL)Updated 7 Nov 2026

A French UCITS money market fund, part of the Spiko SICAV, investing in euro area Treasury bills, whose units are issued natively as tokens on public blockchains. Twenty First Capital is the management company and CACEIS is depositary and custodian, providing wallets for its clients. Most supply now sits on Arbitrum and Stellar rather than Ethereum.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since 2025[4] — About $639 million on chain and 3,800 holders in October 2026. · Reviewed 1d ago

Assets
Fund interest[6]
UCITS money market fund units issued natively on chain
Networks
Ethereum Public, permissionless[6]
Polygon Public, permissionless[4]
Arbitrum Public, permissionless[4]
Stellar Public, permissionless[4]
Base Public, permissionless[4]
Solana Public, permissionless[4]
Listed on rwa.xyz without a supply figure.
Use cases
Primary issuance[6]Fund subscription and redemption[6]
Jurisdictions
France
Standards
CCIP[7]

Participants

Likely relevant regulation

Assets

Data feeds

  • Fund NAVChainlink LabsNAVLink (SmartData)Ethereum[3][7]EUTBL NAV feed with CACEIS (fund administrator) as data source.

Moves across networks

  • viaChainlink CCIP[7]Chainlink says Spiko adopted CCIP to move EUTBL and USTBL across chains; no chains named and the tokens are not in CCIP's token directory, so no networks recorded.

Metrics

  • $639.39mAssets under management · as of 11 Oct 2026[4]
    On-chain via rwa.xyz (shown in dollars by rwa.xyz).
  • ~$277.54mAssets on Arbitrum · as of 11 Oct 2026 · on Arbitrum[4]
    On-chain via rwa.xyz: 233.6 million tokens at about $1.19.
  • ~$265.79mAssets on Stellar · as of 11 Oct 2026 · on Stellar[4]
    On-chain via rwa.xyz; supply times price.
  • ~$49.72mAssets on Polygon · as of 11 Oct 2026 · on Polygon[4]
    On-chain via rwa.xyz; supply times price.
  • ~$27.01mAssets on Ethereum · as of 11 Oct 2026 · on Ethereum[4]
    On-chain via rwa.xyz; supply times price.
  • ~$19.33mAssets on Base · as of 11 Oct 2026 · on Base[4]
    On-chain via rwa.xyz; supply times price.
  • 3,802 holdersToken holders · as of 11 Oct 2026[4]
    On-chain via rwa.xyz.
  • €427.67mAssets under management · as of 7 Nov 2026[1]
    Spiko's own site, in euro; the rwa.xyz figures above are in dollars.
  • 2.44 percentCurrent net yield · as of 7 Nov 2026[1]
  • €17.6mInterest paid to date · as of 7 Nov 2026[1]
  • €5.7bnTotal deposits and withdrawals · as of 7 Nov 2026[1]
  • €2.3bnCash across Spiko Smart Cash (all currencies and products) · as of 7 Nov 2026context[2]
    Platform-wide figure across Spiko's Euro, Dollar, Pound, Swiss Franc, T-Bills and Cash & Carry products, not this fund alone.

Timeline

  1. Happened 7 Oct 2024 · Participant joined · recorded 11 Oct 2026
    CACEIS announces it records client subscriptions in Spiko's tokenised UCITS money market funds on Ethereum as depositary and custodian.[6]
  2. Happened 15 May 2024 · Launch · recorded 11 Oct 2026
    Fund inception date as listed by rwa.xyz.[5]

Sources

  1. [1]Spiko T-Bills EUR — Spiko. Accessed 7 Nov 2026.B
  2. [2]Spiko Euro — Spiko. Accessed 7 Nov 2026.B
  3. [3]Chainlink data feeds directory: Ethereum mainnet (machine-readable feed list behind data.chain.link) — Chainlink. Accessed 16 Oct 2026. Provider's own feed directory; JSON with no page headline, so the title is descriptive. Each entry names the feed, its proxy contract and, for SmartData feeds, the issuer and data source..B
  4. [4]EUTBL asset page — RWA.xyz. Accessed 11 Oct 2026.A
  5. [5]EUTBL asset page (fund profile) — RWA.xyz. Accessed 11 Oct 2026.C
  6. [6]CACEIS records client subscriptions in Spiko's tokenised money-market funds on public blockchain — CACEIS, 7 Oct 2024. Accessed 11 Oct 2026.B
  7. [7]Chainlink's Work With Major Tokenized Asset Platforms and Stablecoin Issuers — Chainlink. Accessed 13 Oct 2026. Chainlink's own round-up of client announcements (provider self-report); undated page..B
  8. [8]Spiko SICAV prospectus and articles of association — Spiko SICAV (filed with the Bulgarian Financial Supervision Commission), 4 May 2026. Accessed 28 Oct 2026. UCITS prospectus covering USTBL, EUTBL, UKTBL and SAFO; stakeholders section (pp. 7-8) and transfer-agent duties..A

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