# Spiko

> Seamless access to the risk-free rate

Spiko is a French MiFID-licensed fintech that issues tokenized money market funds invested in treasury bills and bank swaps, offering daily yields with daily liquidity.

Spiko is a Paris-based fintech licensed by the French ACPR as a MiFID investment firm, offering regulated tokenized money market funds to businesses and individuals. Its products invest in treasury bills from core Eurozone countries or use collateralized total return swaps with Tier 1 banks to deliver daily interest. Fund shares are issued as ERC-20 tokens on public blockchains including Ethereum, Stellar, Arbitrum, and Polygon, enabling 24/7 transfers and API access. Spiko acts as transfer agent, tokenization platform, and broker. Products are supervised by the French AMF.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2023-09-01
- Profile: https://thegrid.id/profiles/spiko

## Products

- [Spiko](https://thegrid.id/profiles/spiko): Spiko is a tokenized fund platform issuing AMF- and UCITS-regulated money market fund shares as ERC-20 tokens on public blockchains. The platform offers three fund families: T-Bills funds (EUTBL, USTBL) investing in government treasury bills; Smart Cash funds (SAFO) using total return swaps with Tier 1 banks for daily yields; and the Cash & Carry fund executing a monthly BTC/ETH futures strategy. All funds are accessible via a single app with daily liquidity, daily interest accrual, and cross-chain transfers via Chainlink CCIP. (RWA Tokenisation Platform, Live, Main Product)

## Assets

- [Spiko EU T-Bills Money Market Fund (EUTBL)](https://thegrid.id/profiles/spiko): EUTBL is a tokenized ERC-20 fund share representing an interest in the Spiko EU T-Bills Money Market Fund, a short-term VNAV MMF under EU law investing 100% in treasury bills from core Eurozone countries. EUTBL tokens are deployed on Ethereum and distributed across Arbitrum, Polygon, Base, and Stellar via Chainlink CCIP, enabling 24/7 cross-chain transfers. Users subscribe from a minimum of €1 with daily accrual and daily liquidity. (Security)
- [Spiko US T-Bills Money Market Fund (USTBL)](https://thegrid.id/profiles/spiko): USTBL is a tokenized security representing shares in the Spiko US T-Bills Money Market Fund, a UCITS-compliant fund regulated by the French Financial Markets Authority. It is used to earn daily interest on cash holdings invested exclusively in U.S. Treasury Bills with maturities under six months, while maintaining full liquidity for redemptions without fees or penalties. The fund maintains a fully tokenized shareholder registry deployed across multiple blockchains, allowing investors to custody shares in self-custodial wallets and transfer them between allowlisted participants. (Security)
- [Spiko Amundi Overnight Swap Fund (SAFO)](https://thegrid.id/profiles/spiko): SAFO is a tokenized ERC-20 fund share representing an interest in the Spiko Amundi Overnight Swap Fund, a UCITS-regulated vehicle using total return swaps with Tier 1 banks to deliver daily yields above the risk-free rate. SAFO tokens are recorded on Ethereum and Stellar, with NAV published on-chain via Chainlink, enabling 24/7 borderless transfers. Users subscribe and redeem in EUR, USD, GBP, or CHF with a minimum of one unit per currency. (Vault Tokens)

## Links

- [Documentation](https://docs.spiko.io)
- [Blog](https://www.spiko.io/blog)
- [Main](https://www.spiko.io)
- [Terms of Service](https://docs.spiko.io/documentation/legal_documentation/terms_of_use)
- [Privacy policy](https://docs.spiko.io/documentation/legal_documentation/privacy_policy)
- [LinkedIn](https://www.linkedin.com/company/spiko-tech)
- [GitHub](https://github.com/spiko-tech)
- [Twitter / X](https://x.com/Spiko_finance)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP