Spiko deploys $144 million worth of tokenized funds on Arbitrum One

Both products are governed by the European Commission’s UCITS rules for mutual funds

29.01.2025 - 09:30

720

3 min

What’s new? French fintech company Spiko has tokenized its US and EU Treasury bill money market funds on Arbitrum One, the largest Layer 2 (L2) network based on the Ethereum blockchain. Net assets of the US fund rose 7,7% over the month to more than $50 million, with the product offering a 4,37% annualized yield. The European fund’s assets grew by 9,9% over the month to reach $94,3 million.

Press release

What else is known? Both products are governed by the European Commission’s UCITS rules for mutual funds. Spiko itself is an investment adviser registered with the CNCGP professional association, approved by the French Financial Markets Authority (AMF). It keeps client funds at CACEIS Bank, a subsidiary of Credit Agricole.

According to RWA.xyz, the total value of tokenized treasury assets currently stands at $3,43 billion. Industry experts expect institutional participation in tokenizing real-world assets (RWAs) to increase significantly under Donald Trump and the cryptocurrencies in his administration.

Trump publishes an executive order to protect the rights of citizens and companies to use cryptocurrencies

The executive order also commits a special working group to submit a crypto regulatory bill drafted with industry players

Last year, investment firm Aurum Equity Partners announced the tokenization of its $1 billion fund on the XRP Ledger (XRPL) blockchain from fintech company Ripple.

Also, Tether, which issues the largest USDT stablecoin by capitalization, launched its own asset tokenization platform called Hadron.

In November, the Central Bank of Hong Kong launched a three-year program to subsidize the issuance of tokenized bonds to stimulate local capital markets.

In December, the UAE’s largest bank, First Abu Dhabi Bank (FAB), announced the launch of a blockchain loan program secured by tokenized assets.

Author: