Spiko EU T-Bills Money Market Fund

Spiko EU T-Bills Money Market Fund (EUTBL) is a fully-licensed euro-denominated money market fund that has been tokenized and issued on public blockchains. It is designed for investors who want exposure to short-term European government debt — specifically Treasury Bills issued by the strongest Eurozone member states with maturities under six months — in a form that can be held and transferred on-chain. The product aims to bring the regulatory safety of a licensed EU fund structure to participants who interact primarily with blockchain-based systems.

Each EUTBL token represents a proportional share in the underlying money market fund, which holds short-dated Eurozone sovereign Treasury Bills while keeping the portfolio's maximum average maturity under two months. The token exists across several blockchain ecosystems simultaneously, including Ethereum, Polygon, Arbitrum, Base, Starknet, and Stellar, with no native consensus algorithm of its own — settlement depends entirely on the host chains. There is no maximum token supply recorded; the circulating supply of approximately 736 million tokens reflects the current size of the fund, and the fully diluted valuation equals the market cap, meaning no supply is pending or locked.

The data stored for EUTBL contains no fee-stream figures, so this site cannot report on protocol revenue, fee recipients, or fee-based valuation measures. In practice, a licensed money market fund of this type typically generates returns from the yield on its underlying Treasury Bill holdings, with fund-level expenses deducted according to its prospectus, but none of those figures are present here. The dilution overhang and supply-pending metrics both stand at 0.0 on a point-in-time basis, confirming that the entire issued supply is already in circulation with no additional tokens queued for release.