$150M money market funds added to Arbitrum’s RWA ecosystem
Tokenized T-Bills can now be traded on the Arbitrum network using Spiko’s money market funds.
French fintech company Spiko has deployed its money market funds on Arbitrum One, bringing institutional-grade investment assets to the layer-2 blockchain.
According to a Jan. 28 announcement, Spiko’s tokenized US and EU T-Bill Money Market Funds are now available on Arbitrum One. The funds are regulated under the European Commission’s Undertakings for Collective Investment in Transferable Securities (UCITS), which provides a framework for selling mutual funds.
Net assets held by Spiko’s US T-Bills Money Market Fund have grown by 8% over the past 30 days, reaching more than $50 million, according to RWA.xyz. The fund offers an annual percentage yield (APY) of 4.37%.
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Author: Sam Bourgi
