Spiko US T-Bills Money Market FundPrice

(USTBL)

USTBL is a digital token representing a share in a fund primarily invested in short-term U.S. Treasury Bills. It offers investors on-chain access to risk-free rates, bridging traditional government-backed securities with blockchain technology. Operating as a fully licensed USD money market fund under EU regulatory framework and approved by the French Financial Markets Authority (AMF), it is a sub-fund of the Spiko SICAV. It aims to provide a secure and compliant way to earn stable returns in the digital asset space.

When investors acquire USTBL tokens, the pooled funds are strategically allocated to purchase U.S. Treasury Bills. The yield generated from these T-Bills directly reflects in the fund's net asset value, providing returns akin to traditional money market funds. Its value is rigorously maintained through transparent reporting of fund holdings, regular audits, and the robust functionality of smart contracts governing token issuance and redemption processes. This ensures a clear and verifiable link between the on-chain token and its real-world asset backing.

USTBL offers several key benefits, including functioning as a stability reserve within diversified crypto portfolios and generating yield through exposure to U.S. T-Bills. It acts as a safe haven during market volatility, serves as a stable trading pair, and integrates into decentralized finance (DeFi) applications as collateral or for lending and borrowing. It also facilitates on-chain cash management, provides on-chain reserves for stablecoin issuers, and acts as secure on-chain collateral for institutions and borrowers, offering regulated access to traditional finance yields in the digital realm.

USTBL operates under stringent regulations, being a fully licensed USD money market fund within the EU framework and approved by the French Financial Markets Authority (AMF). Its value is exclusively backed by high-quality, liquid assets. The fund invests 100% of its total assets in U.S. Treasury Bills with maturities under six months, repurchase agreements secured by such securities, and cash. It maintains an average portfolio maturity of no more than two months. These T-Bills are recognized as highly safe financial instruments, underpinned by the full faith and credit of the U.S. government.

The integrity and professional management of USTBL are ensured through reputable partners. CACEIS serves as the custodian bank, diligently ensuring compliance with all regulatory standards and safeguarding the fund's assets. Twenty-First Capital, an experienced asset manager, is responsible for overseeing the portfolio's investment strategy and performance. This collaborative structure brings institutional-grade oversight and expertise to the tokenized money market fund, reinforcing its reliability and adherence to established financial practices.

Spiko's tokenized shares, including USTBL, are available to a broad range of investors, allowing them to self-custody the shares in their own digital wallets. USTBL is freely transferable on-chain, enabling seamless movement and integration within the decentralized ecosystem. It operates as a token built on the robust and widely adopted Ethereum blockchain, ensuring broad compatibility and security for its transactions. The minimum initial investment required to acquire USTBL on the primary market is 1,000 EUR or 1,000 USD.