Paris-based investment tech firm Spiko is making big moves in the decentralized finance (DeFi) space. The company is launching its highly successful U.S. and E.U. T-Bills Money Market Funds on Etherlink, an EVM-compatible Layer 2 blockchain built on Tezos.
With over $165 million in assets under management, Spiko’s tokenized funds, USTBL and EUTBL, are among the top-performing RWAs globally. Spiko is launching on Etherlink, which allows users to hold tokenized shares of these funds in self-custodial wallets, bringing secure, yield-bearing savings to more individuals than ever before, and also for the first time, users can access savings solutions denominated in both Euro and USD.
Etherlink is rapidly becoming a one-stop platform for all financial products, characterized by ultra-low transaction costs, sub-second block times, and censorship resistance, and is already integrated with major blockchain projects like Arbitrum One, Starknet, and Polygon PoS.
Spiko co-founder and CEO Paul-Adrien Hyppolite celebrated his company’s mission to open up and democratize financial services. “At Spiko, we believe financial services should be digital, open, and composable. We’re dedicated to bridging the gap between traditional financial systems and digital assets.”
The unique factor about Spiko’s money market funds is that they have been structured to meet the European Commission’s UCITS regulatory framework, providing transparency and security to investors, something that not all DeFi products can do.
Anthony Hayot, Head of DeFi at Nomadic Labs, welcomed the partnership, calling it a key milestone for Etherlink’s growing RWA ecosystem.
Spiko’s Etherlink launch is expected before the end of February, adding to the network’s recent developments, including uranium.io, the first online marketplace for physical uranium trading, and the new “.etherlink” domain service. As Etherlink continues to evolve, it’s clear that the Tezos Layer 2 network is becoming a serious player in the DeFi space.
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