Spiko brings its T-Bills Money Market Funds to Etherlink
The post Spiko brings its T-Bills Money Market Funds to Etherlink appeared on BitcoinEthereumNews.com.
Spiko, an investment technology company, has announced that its tokenized US and EU T-Bills Money Market Funds would be coming to Etherlink, a Layer-2 (L2) blockchain built on Tezos (XTZ) technology, as reported to Finbold on Wednesday, February 13. The announcement marks another step in Spiko’s growing expansion campaign, following integrations with other major blockchain networks including Arbitrum One (ARB), Starknet (STRK), and Polygon (POL, formerly MATIC). Why is Spiko coming to Etherlink? Already known for its low transaction costs, censorship resistance, and almost instantaneous block times, Etherlink is dedicating a lot of resources to improving its decentralized finance (DeFi) ecosystem. Paul-Adrien Hyppolite, Spiko co-founder and chief executive officer (CEO), called Etherlink ‘a natural fit’ for the company: “As Etherlink is known for its ultra-low transaction costs it seemed like a natural fit for us, considering our longstanding commitment to financial inclusivity.” Following the Money Market Funds integration, Etherlink users will gain access to Spiko’s yield-generating funds in EUR and USD. With more than $165 million in assets under management and full Undertakings for Collective Investment in Transferable Securities Directive compliance (UCITS), Spiko’s money market funds, represented as tokenized shares USTBL and EUTBL, are highly successful real-world-assets (RWA). The integration will thus introduce a number of fresh liquid, tokenized savings solutions. Democritizing digital finance Etherlink has been expanding more quickly than ever, most notably with the recent launch of uranium.io, the first online trading marketplace for physical uranium, and the introduction of “.etherlink” domains for Web3 identities. You voted, we listened. .etherlink is here! 🌐 For the first time, the @etherlink community can access personalized domains on their network. Unify all your addresses under one domain and elevate your Web3 identity. pic.twitter.com/r1lwhNv70y — Freename (@freenameio) January 15, 2025 Hyppolite emphasized the importance of democratizing such transparent financial services: “At Spiko,…
Filed under: News - @ February 13, 2025 9:19 am