Spiko to Launch its Money Market Funds on Etherlink, Expanding the DeFi Ecosystem on the Tezos Layer 2

Spiko, a Paris-based investment technology provider specializing in tokenized money market funds, has announced that it will deploy its successful U.S. and E.U. T-Bills Money Market Funds on Etherlink, an EVM-compatible Layer 2 blockchain powered by Tezos technology. The news follows recent integrations with other leading blockchain networks, including Arbitrum One, Starknet, and Polygon PoS, and represents the latest addition to Etherlink’s rapidly growing DeFi ecosystem. Inheriting the robust security and decentralized governance of the Tezos blockchain, Etherlink is known for its ultra-low transaction costs, censorship resistance and sub-second block times. Following the deployment, users of Etherlink will be able to own shares of the Spiko money market funds, benefiting from global access to liquid, yield-bearing savings solutions in both Euro and USD denominations for the first time.

With upwards of $165M in assets under management, the Spiko U.S. and E.U. T-Bills Money Market Funds, two UCITS-compliant investment vehicles with tokenized shares (USTBL and EUTBL), rank among the world’s most successful real-world-asset (RWA) products to emerge in recent years. Users of Etherlink who purchase the T-Bills store tokenized shares of the funds in self-custodial wallets, further underscoring the accessible and secure nature of the offering. 

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 the global digital economy. 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.”

Spiko’s tokenized US and EU T-Bill Money Market Funds are regulated under the European Commission’s Undertakings for Collective Investment in Transferable Securities (UCITS). This level of regulatory clarity sets the funds apart from other similar financial products in the space. 

Anthony Hayot, Interim Head of DeFi at Nomadic Labs, a Tezos R&D Hub in Paris, said, “We are thrilled that Spiko has chosen to deploy these highly sought-after funds on Etherlink. We view this partnership as a key cornerstone for the emerging RWA ecosystem on Etherlink, with even more investment opportunities and composability on the horizon.”

The Etherlink ecosystem is growing at pace. December saw the launch of uranium.io, the world’s first and only online marketplace for trading physical uranium, and in January the “.etherlink” domain was launched, marking an important step in enabling users to easily create Web3 identities and manage digital assets. The imminent launch of Spiko’s tokenized money market funds on Etherlink—scheduled to go live before the end of February—represents another milestone for the rapidly expanding network. 

About Spiko

‍Founded in 2023, Spiko pioneered the introduction of UCITS-compliant money market funds with tokenized shares on public blockchain networks. Specializing in tokenization and on-chain registry management, the fintech also operates a France-registered subsidiary providing investment advisory and fund share brokerage services. https://www.spiko.io/

About Etherlink

Etherlink is an EVM-compatible Layer 2 blockchain with sub-second latency, high throughput, fair transaction ordering, and minimal fees. Powered by Tezos Smart Rollup technology, Etherlink implements an industry-leading ‘non-custodial’ design, using the same on-chain governance model pioneered by Tezos’ Layer 1. Having set a new standard for decentralization of Layer 2 platforms, Etherlink is becoming a popular choice for DeFi, gaming, NFTs, and other use cases requiring a future-proof platform. https://www.etherlink.com/

About Tezos

Tezos is an open-source and energy-efficient blockchain designed to empower institutions, developers, and businesses and facilitate value transfer in a digital environment. It is designed for the scalable deployment of decentralized applications. As one of the first Proof of Stake blockchains, Tezos is globally supported and valued for its strong governance, long-term upgradability, and smart contract capabilities. For more information about Tezos, visit http://www.tezos.com.