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Spiko, an investment technology company, has announced that its tokenized US and EU Treasury Bill money market funds will be migrated to Etherlink, a Layer-2 blockchain built on Tezos (XTZ) technology. 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).
Already known for its low transaction costs, censorship resistance, and near-instant block times, Etherlink is devoting significant resources to improving its decentralized finance (DeFi) ecosystem. Paul-Adrien Hyppolite, co-founder and CEO of Spiko, called Etherlink a “natural fit” for the company.
With the integration of the money market funds, Etherlink users will have access to Spiko’s EUR and USD income funds. With over $165 million in assets under management and full Undertakings for Collective Investment in Transferable Securities Directive compliance, Spiko’s money market funds, represented as tokenized USTBL and EUTBL shares, are highly successful real assets (RWAs). As such, the integration will introduce a range of new liquid tokenized savings solutions.
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