Spiko Introduces Tokenized MMFs: $USTBL and $EUTBL

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With $50 million committed, Spiko makes fund shares accessible to retail investors, not just qualified purchasers.

Spiko Democratizes Investment Access

What sets Spiko’s tokenized mutual funds apart is their decentralized nature and accessibility. Investors can self-custody their fund shares in any EVM-compatible wallet, providing unprecedented control and security. These tokens are also designed for 24/7 on-chain transferability and can serve as collateral within DeFi ecosystems

This ensures blockchain as the authoritative ledger, reducing reliance on centralized databases by transfer agents.

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Moreover, token ownership in $USTBL and $EUTBL grants governance rights, allowing holders to influence the issuer’s decisions. This aligns with Spiko’s vision of empowering investors through decentralized governance mechanisms, a stark departure from traditional mutual funds’ opaque structures.

More About Spiko

Spiko identified a significant opportunity in launching tokenized funds based on their observation that there are currently $6 trillion in outstanding T-bills. The current market size for tokenized T-bills stands at just 0.01% of this total.

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This gap underscores Spiko’s strategic move to tap into a relatively untapped segment of the financial market, aiming to expand accessibility and leverage the potential of blockchain technology in transforming traditional asset management practices.

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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