Spiko Launches Institutional-Grade Money Market Funds on Arbitrum One
French fintech firm Spiko has officially deployed its tokenized US and EU T-Bill Money Market Funds on Arbitrum One, bringing institutional investment opportunities to the layer-2 blockchain.
Institutional-Grade Money Market Funds Now on Arbitrum
Announced on January 28, Spiko’s money market funds are now accessible on Arbitrum One, providing investors with regulated, tokenized exposure to US and European Treasury Bills. These funds comply with the European Commission’s Undertakings for Collective Investment in Transferable Securities (UCITS) framework, which governs the sale of mutual funds across Europe.
Over the past 30 days, Spiko’s US T-Bills Money Market Fund has seen an 8% increase in net assets, surpassing $50 million, according to data from RWA.xyz. The fund currently offers an annual percentage yield (APY) of 4.37%.
Meanwhile, Spiko’s EU T-Bills Money Market Fund has grown 10.9% in the last month, bringing its total assets under management to $95.1 million.
The Growing Market for Tokenized US Treasury Assets
The tokenized US Treasury asset market continues to expand rapidly. In a separate January 28 announcement, Ondo Finance revealed that it is launching its Short-Term US Government Treasuries (OUSG) on the XRP Ledger.
According to RWA.xyz, the total value of tokenized Treasury assets has now reached $3.43 billion, reflecting the increasing institutional demand for blockchain-based financial instruments.
A Potential Boom Under a Pro-Crypto US Administration?
The momentum behind real-world asset (RWA) tokenization could accelerate further under a Trump administration, according to Eli Cohen, an attorney specializing in tokenization law at Centrifuge.
Cohen told Cointelegraph that a potential pro-crypto policy shift in the US could result in a public repudiation of anti-crypto regulations, opening the doors for greater banking and brokerage participation in tokenized finance.
“This will open up banking and brokerage channels to spur the creation of many more tokenized products,” Cohen stated.
While fintech and blockchain startups are currently driving RWA tokenization, traditional financial institutions are expected to play a crucial role in mainstream adoption, according to Jesse Knutson, Head of Operations at Bitfinex Securities.
“It’s the more nimble institutions, the fast movers, like the family offices—those kinds of players. They’ll have an outsized impact in these early days,” Knutson explained during the Plan B Lugano conference in November.
“But eventually, the benefits of tokenization will bring mainstream institutional investors into the fold,” he added.
As blockchain-powered financial products continue gaining traction, the intersection of traditional finance and decentralized technology is set to reshape institutional investment strategies in the years ahead.
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