We’re excited to announce that Spiko—in collaboration with CACEIS—has integrated Chainlink infrastructure to deliver Net Asset Value (NAV) data of the Spiko Money Market Funds on Ethereum.
This represents a major advancement in fund management practices, setting a new standard for accuracy, transparency, and utility in the industry. The Spiko Funds are the first Ethereum-native USD- and EUR-denominated Money Market Funds (MMFs) approved in the European Union.
By leveraging Chainlink’s cutting-edge technology, Spiko is enhancing the reliability of its NAV data and improving the operational efficiency of its tokenized assets.
“We’re excited to see Spiko integrate Chainlink’s infrastructure to bring NAV data onchain for its tokenized money market funds backed by assets custodied by CACEIS. This showcases how the Chainlink platform enables traditional financial assets to seamlessly move to the onchain economy, without requiring a complete overhaul of existing institutional systems.” - Colin Cunningham, Head of Tokenization & Alliances at Chainlink Labs.
Spiko: Redefining Fund Management
Spiko is a cutting-edge investment technology provider specializing in tokenized money market funds. By leveraging blockchain technology, Spiko bridges the gap between traditional financial systems and digital assets.
The Spiko Money Market Funds are retail UCITS MMFs, regulated under EU law, with assets backed by assets custodied by CACEIS, and shares natively issued on-chain. Our innovative approach upgrades from current post-trade processing systems to smart contracts and decentralized ledger technology, enhancing transparency, efficiency, and programmability in fund management. Spiko’s solutions are designed to streamline operations, reduce administrative burdens, and facilitate greater liquidity and access in the financial markets.
Our partnership with CACEIS is critical, as they serve as our fund administrator and custodian. CACEIS is a premier global asset servicing group offering a full spectrum of services including execution, clearing, custody, depositary, and asset valuation across international markets. With $5.2T in assets under custody, CACEIS is a prominent figure in the traditional financial landscape. They serve a diverse range of clients, including institutional investors, global custodians, asset management firms, pension funds, private equity funds, banks, brokers, and corporate entities. CACEIS ensures that the NAV data used in our tokenized funds is accurate, reliable, and compliant with regulatory standards. Their advanced infrastructure and expertise in fund administration underpin Spiko’s blockchain-driven innovations, providing a robust foundation for the accurate and efficient operation of our tokenized money market funds.
Enhancing Tokenized Funds with Chainlink
NAV data is a cornerstone of traditional fund management, providing essential insights into fund performance and value. By integrating Chainlink, Spiko can now access NAV data onchain with unparalleled accuracy and security. This ensures that NAV data is not only reported in real-time but also synchronized across various platforms, enhancing transparency for Spiko users and the broader financial ecosystem.
Let’s explore how Chainlink’s infrastructure enhances Spiko’s offerings and sets a standard for the fund management industry:
- Secure and Reliable Data: Chainlink’s decentralized oracle networks play a pivotal role in ensuring that NAV data provided by CACEIS is made available onchain in a timely and accurate manner. Chainlink securely fetches and validates this data in real-time, ensuring that the information used for tokenized assets is consistently up-to-date. This real-time integration eliminates traditional delays and reduces the potential for errors, providing a more reliable foundation for fund management.
- Automation and Efficiency: Chainlink enables Spiko to automate aspects of fund management, including the execution of transactions based on smart contract triggers. By leveraging Chainlink’s platform, Spiko can significantly reduce manual intervention, streamline processes, and cut operational costs.
- Enhanced Transparency: One of Chainlink’s key strengths is its ability to provide an immutable and transparent audit trail for NAV data that is tamper-proof and easily verifiable. This level of transparency is crucial for maintaining investor confidence and meeting stringent regulatory requirements, as it helps eliminate discrepancies and provides clear records for compliance and verification purposes.
“The integration of Chainlink’s infrastructure represents a major step forward in enhancing the reliability and operational resiliency of our NAV data on-chain. Chainlink enables us to deliver critical data on-chain that originates from traditional finance. We are excited to lead the way toward a more innovative and transparent financial ecosystem by leveraging Chainlink.” - Paul-Adrien Hyppolite, co-founder and CEO of Spiko
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $15 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Spiko
Spiko is a Paris-based startup building and operating a platform for issuing, managing, and distributing tokenized funds. Throughout 2023 and the first half of 2024, Spiko spearheaded and oversaw the project that led to the launch of the first Ethereum-native USD- and EUR-denominated Money Market Funds (MMFs) approved in the European Union. Shares of the Spiko MMFs launched to the public in mid-June 2024 and are exclusively issued as ERC-20 tokens on Ethereum and EVM-compatible networks. Spiko developed and maintains the transfer agent software used to manage the Spiko MMFs. The Funds are distributed by Spiko Finance, a wholly-owned subsidiary of Spiko that is regulated as an investment adviser in France.
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