Spiko US T-Bills Money Market Fund

The Spiko US T-Bills Money Market Fund is a tokenized, 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 investors — both professional and non-professional — on-chain access to United States Treasury Bills with maturities under six months and an average portfolio maturity of no more than two months. The fund addresses the problem of bringing regulated, short-duration government debt instruments into the blockchain environment in a form that satisfies formal regulatory requirements.

USTBL is a token that represents a share in the underlying money market fund, with the fund itself holding short-term US Treasury Bills rather than crypto assets. The token exists across several blockchain ecosystems including Ethereum, Polygon, Arbitrum, Base, Starknet, and Etherlink, meaning the on-chain representation of fund ownership can settle and transfer on any of those networks. No consensus algorithm is recorded for this asset because it is a tokenized fund rather than a native blockchain protocol, so the settlement mechanics depend on whichever host chain a given transfer occurs on.

The data stored on this site records no fee stream, revenue share, or protocol-level fee metrics for USTBL, which is consistent with its structure as a regulated fund token rather than a decentralized protocol. Any costs borne by investors would take the form of fund management fees governed by the fund's regulatory documentation rather than on-chain protocol fees, and those figures are not present in the data held here. Because there is no fee stream recorded, fee-based measures that this site might apply to other assets are not applicable to USTBL. The circulating supply of 150,382,669.77 tokens against a market capitalization of 165,317,624 USD at a price of 1.099 USD reflects the current fully issued state of the token, with supply issued at 100 percent and no dilution overhang.