Spiko US T-Bills Money Market Fund

The Spiko US T-Bills Money Market Fund, represented on-chain by the USTBL token, is a fully licensed USD money market fund regulated under the European Union framework and approved by the French Financial Markets Authority. It is designed to give both professional and non-professional investors access to exposure backed exclusively by United States Treasury Bills with maturities of less than six months and an average portfolio maturity of no more than two months. The product aims to address the difficulty individual and institutional participants have historically faced in accessing regulated, short-duration US government debt through a digital, tokenized format.

USTBL is a tokenized representation of shares in the underlying money market fund, meaning each token corresponds to a proportional interest in the fund's holdings of short-term US Treasury Bills rather than functioning as a standalone blockchain protocol with its own consensus mechanism. The token exists across several networks including Ethereum, Polygon, Arbitrum, Base, Starknet, and Etherlink, allowing it to be held and transferred within those ecosystems. The fund itself operates under conventional asset-management rules, with the on-chain token serving as the medium through which ownership is recorded and transferred.

The data stored for this asset does not include a fee stream, revenue figure, or protocol earnings metric, so no fee-based measures are available on this site to report. As a regulated money market fund, any management or operational fees would be governed by the fund's legal documentation rather than by an on-chain protocol mechanism, and those figures are not present in the stored data. The circulating supply of 182,112,541.47 tokens accounts for 100 percent of supply issued, with zero dilution overhang and a fully diluted value equal to the current market capitalization of 199,248,239 USD, reflecting that no additional token supply is pending.