Spiko, an investment technology company, has announced that his tokenized US and EU T-Bills money market funds would come to Etherlink, a Layer-2 (L2) blockchain built on Tezos (XTZ) technology, as reported to Finbold on Wednesday, February 13 .
The announcement marks another step in Spiko’s growing expansion campaign, according to integrations with other large blockchain networks, including Arbitrum One (ARB), Starknet (STRK) and Polygon (Pol, formerly Matic).
Why does Spiko come to Etherlink?
Already known for its low transaction costs, censorship resistance and almost immediate block times, EtherLink devotes many resources to improving its decentralized finances (Defi) ecosystem.
Paul-Adrien Hyperpolite, co-founder of Spiko and Chief Executive Officer (CEO), called Etherlink ‘A Natural Fit’ for the company:
“Because Etherlink is known for its ultra-loose transaction costs, it seemed like a natural fit for us, given our long-term dedication to financial inclusiveness.”
After the integration of the money market funds, Etherlink users will have access to Spiko’s yield-generating funds in EUR and USD.
With more than $ 165 million in assets in control and complete companies for collective investments in transferable Compliance securities directive (UCITS), Spiko’s Money Market Funds, represented as Tokenized Shares USTBL and very successful Real-World-Assets (RWA).
The integration will therefore introduce a number of fresh liquid, tokenized savings solutions.
Democritization of digital finances
Ethherlink is expanding faster than ever, in particular with the recent launch of Uranium.io, the first online trade market for physical uranium and the introduction of “.Therlink” domains for web3 identities.
You voted, we listened.
.etherlink is here! 🌐
For the first time, the @eTherlink community has access to personalized domains on their network.
View all your addresses under one domain and raise your web3 identity. pic.twitter.com/r1lWHNV70Y
– Freename (@freenameio) January 15, 2025
Hyppolite emphasized the importance of democratizing such transparent financial services:
“At Spiko we believe that infrastructure for financial services must be digital, open and compiled. We are committed to bridging the gap between traditional financial systems and digital assets. “
The Tokenized Money Market Funds of Spiko is expected to go live towards the end of the month, which further strengthens the position of Etherlink in digital finances.