Spiko EU T-Bills Money Market Fund
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 68 → 85. Problems weighed by who is responsible: concerns that are not fraud −7.6, problems around the subject, caused by others −1.5; legitimacy credit long-running +6, regulated +5, audits +8; fact-check adjustments (−10) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -7.6 |
| Problems around it, caused by others | -1.5 |
| Long-running | +6 |
| Regulated | +5 |
| Audited | +8 |
| Sum | 75 |
Score: 85/100 (kept between 0 and 100)
How scoring works →Summary
Spiko EU T-Bills Money Market Fund (ticker: EUTBL) is a tokenized money market fund structured as a UCITS sub-fund of the Spiko SICAV, investing exclusively in short-term Eurozone sovereign Treasury Bills. It is regulated by the French Autorité des marchés financiers (AMF), managed by Twenty First Capital, and custodied by CACEIS Bank (a Credit Agricole subsidiary). As of July 2026 it ranks approximately #64 by market capitalization on CoinGecko with over $1 billion in assets under management, making it one of the largest tokenized real-world asset (RWA) products in Europe. No fraud, hack, or regulatory enforcement actions have been identified against Spiko or the fund.
Connected Entities
10 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- Stellar→mentioned with→Ethereum(60%)
- Starknet→mentioned with→Arbitrum(60%)
- Starknet→mentioned with→Ethereum(80%)
- Chainlink→mentioned with→Ethereum(65%)
- Chainlink→mentioned with→Coinbase(65%)
- Coinbase→mentioned with→Base(70%)
- Spiko EU T-Bills Money Market Fund→mentioned with→Starknet(60%)
- Polygon→mentioned with→Ethereum(70%)
- Polygon→mentioned with→Coinbase(60%)
- + 12 more
Timeline(11 events)
June 2023
Spiko Finance founded in Paris by Paul-Adrien Hyppolite (former French Treasury official), Antoine Michon (former ministerial digital advisor), and Samuel Briole.
Spiko blog / Crowdfund InsiderJune 2024
Spiko raises €4 million in pre-seed funding; becomes first AMF-licensed tokenized money market fund provider in Europe.
Crowdfund Insider15 May 2024
EUTBL (Spiko EU T-Bills Money Market Fund) launches on Ethereum as the first AMF-approved tokenized UCITS money market fund.
Spiko blog2025
Spiko obtains MiFID investment management company status from ACPR/AMF, enabling EU-wide fund distribution via financial passport.
Hindenrank / Spiko17 July 2025
Spiko raises $22 million Series A led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Blockwall, and Bpifrance Digital Venture Fund. Announced after reaching $400 million AUM in first year.
The Block / Index VenturesNovember 2025
Spiko integrates Stellar network, reaching $130.6 million in EUTBL and $28.7 million in USTBL on Stellar by year-end.
Messari State of Stellar Q4 2025February 2026
Spiko announces $1 billion in assets under management across its fund range, achieved 18 months after launch.
Spiko blog19 March 2026
Amundi and Spiko jointly launch the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized UCITS fund for institutional treasury and collateral management on Ethereum and Stellar.
Ledger Insights30 June 2026
Coinbase and Spiko announce integration enabling stablecoin (USDC, EURC) subscriptions and redemptions for EUTBL and USTBL, settling on Coinbase's Base network. Described as Europe's first UCITS funds to accept direct stablecoin funding.
Coinbase Blog / CryptoTimes21 July 2026
EUTBL ranks approximately #64 by market capitalization on CoinGecko with a market cap of approximately $1 billion. Total TVL across Spiko's platform exceeds $1.6 billion.
CoinGecko / HindenrankDecision Log
- slot 455370112 · hash G1vQqjYzLNMh5FFhR19TMY4UJ7U2Q5LxBQeTyFPnptY5
- slot 443523833 · hash 7iv5BRvSCMQgQoDfMrPnZavC6vLbcRRJnsk3RFFM1LtK
- slot 443523816 · hash Ff72vTnsmP6LB8AMXhh1S29PdmM33XJaQbGsEwedHwez
- slot 443501556 · hash 8eQbg9joapaTy97EpjSJPjWrc7ThocYZp75jYG2rWkfL
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 25 of 25 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/22/2026, 12:53:28 PM
last updated: 10/10/2026, 6:50:00 PM
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