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Deployments · Spiko · platform by Spiko

Spiko US T-Bills Money Market Fund (USTBL)Updated 7 Nov 2026

The US dollar sister fund to Spiko's euro T-bill fund: a French UCITS money market sub-fund of the Spiko SICAV investing in US Treasury bills, with units issued natively as tokens. Same set-up of Twenty First Capital as management company and CACEIS as depositary. Most supply is on Ethereum.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 2024[5] — About $149 million on chain and 958 holders in October 2026; smaller than the euro fund. · Reviewed 1d ago

Assets
Fund interest[5]
UCITS money market fund units issued natively on chain
Networks
Ethereum Public, permissionless[5]
Stellar Public, permissionless[3]
Arbitrum Public, permissionless[3]
Polygon Public, permissionless[3]
Base Public, permissionless[3]
Solana Public, permissionless[3]
Listed on rwa.xyz without a supply figure.
Use cases
Primary issuance[5]Fund subscription and redemption[3]
Jurisdictions
France
Standards
CCIP[6]

Participants

Likely relevant regulation

Assets

Data feeds

  • Fund NAVChainlink LabsNAVLink (SmartData)Ethereum[2][6]USTBL NAV feed with CACEIS (fund administrator) as data source.

Moves across networks

  • viaChainlink CCIP[6]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

  • $149.16mAssets under management · as of 11 Oct 2026[3]
    On-chain via rwa.xyz.
  • ~$79.3mAssets on Ethereum · as of 11 Oct 2026 · on Ethereum[3]
    On-chain via rwa.xyz: 72.2 million tokens at about $1.10.
  • ~$32.57mAssets on Stellar · as of 11 Oct 2026 · on Stellar[3]
    On-chain via rwa.xyz; supply times price.
  • ~$21.25mAssets on Arbitrum · as of 11 Oct 2026 · on Arbitrum[3]
    On-chain via rwa.xyz; supply times price.
  • ~$14.08mAssets on Polygon · as of 11 Oct 2026 · on Polygon[3]
    On-chain via rwa.xyz; supply times price.
  • ~$1.96mAssets on Base · as of 11 Oct 2026 · on Base[3]
    On-chain via rwa.xyz; supply times price.
  • 958 holdersToken holders · as of 11 Oct 2026[3]
    On-chain via rwa.xyz.
  • ~$174mAssets under management · as of 7 Nov 2026[1]
    Spiko's own site ('Cash in Spiko T-Bills USD').

Timeline

  1. Happened 7 Oct 2024 · Participant joined · recorded 11 Oct 2026
    CACEIS starts recording client subscriptions in Spiko's tokenised UCITS money market funds as depositary and custodian.[5]
  2. Happened 15 May 2024 · Launch · recorded 11 Oct 2026
    Fund inception date as listed by rwa.xyz.[4]

Sources

  1. [1]Spiko T-Bills USD — Spiko. Accessed 7 Nov 2026.B
  2. [2]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
  3. [3]USTBL asset page — RWA.xyz. Accessed 11 Oct 2026.A
  4. [4]USTBL asset page (fund profile) — RWA.xyz. Accessed 11 Oct 2026.C
  5. [5]CACEIS records client subscriptions in Spiko's tokenised money-market funds on public blockchain — CACEIS, 7 Oct 2024. Accessed 11 Oct 2026.B
  6. [6]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
  7. [7]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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