The post Spiko All Set to Deploy Money Market Funds on Etherlink, Expanding DeFi Access appeared on BitcoinEthereumNews.com.

The Spiko U.S. and E.U. T-Bills Money Market Funds are two UCITS-compliant investment vehicles with tokenized shares. Users of Etherlink will have the opportunity to purchase shares of the Spiko money market funds after the deployment. Spiko, a Paris-based investment technology company that specializes in tokenized money market funds, has announced that it would deploy its successful T-Bills Money Market Funds in the US and the EU on Etherlink, a Layer 2 blockchain that is compatible with EVMs and driven by Tezos technology. The announcement is the most recent development in Etherlink’s quickly expanding DeFi ecosystem and comes after recent integrations with other top blockchain networks, such as Arbitrum One, Starknet, and Polygon PoS. Etherlink, which is renowned for its very cheap transaction costs, resilience to censorship, and sub-second block times, inherits the strong security and decentralized administration of the Tezos blockchain. Users of Etherlink will have the opportunity to purchase shares of the Spiko money market funds after the deployment, giving them access to liquid, yield-bearing savings alternatives in both USD and EUR currencies for the first time. The Spiko U.S. and E.U. T-Bills Money Market Funds, two UCITS-compliant investment vehicles with tokenized shares (USTBL and EUTBL), are among the most successful real-world-asset (RWA) products to come out in recent years, with assets under management of up to $165M. Tokenized portions of the assets are stored in self-custodial wallets by Etherlink users who buy T-Bills, highlighting the offering’s accessibility and security. Commenting, Spiko co-founder & CEO Paul-Adrien Hyppolite said: “At Spiko, we believe financial services infrastructure should be digital, open and composable. We’re dedicated to bridging the gap between traditional financial systems and digital assets. Launching on Etherlink is a natural next step towards fulfilling our aim of bringing these products to more people around the world and of welcoming people into…

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Filed under: News - @ February 13, 2025 1:24 pm