Spiko T-Bills Money Market Funds
Put your cash to work by investing in fully-licensed money market funds that hold short-term government bonds. Get your cash back at any time.
Sign upInvest your cash in a EUR or USD Fund
Create an account in less than 5 minutes. Invest your cash by making a bank transfer or by sending stablecoins.
Receive your fund shares
Once we receive your cash, you get your fund shares on your Spiko wallet or on your own wallet (your choice!).
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Earn daily interest from T-Bills
Your cash is invested in short-term government bonds. The value of your fund shares is calculated every day and increases with interest earned.
Get your cash back at any time
Sell your fund shares at any time and get your cash back plus interest earned.
Your cash arrives in your bank account or on your wallet within 0 to 1 business days depending on the speed of the bank transfer.
Earn the risk-free rate on your cash
Interest rates have increased significantly over the past 18 months. And yet, your bank account or your stablecoins still yield 0%. Or your term accounts lock your money for several months at suboptimal rates. Instead of letting your cash lose its purchasing power, investing in the Spiko funds allows you to capitalize on the rise of interest rates with the ability to cash out at any time.
Available in EUR and USD
We currently offer funds denominated in EUR and USD. Keep in mind the foreign exchange rate risk if you consider investing in a fund denominated in a currency that is not your reference currency.
Safety first
Your money is invested in short-term government bonds issued by the most powerful and financially stable Nation States. These assets are widely considered the safest in the world. Your assets are never on Spiko's balance sheet. They are held by one of the world’s largest custodian bank, with more than $5tn assets under custody. In no instance do Spiko Funds hold any stablecoins. Therefore, you are completely protected from the counterparty risk of stablecoin issuers.
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Get your money back at any time
Redemptions are processed daily, on business days. You get your money back on your bank account or on your wallet within 0 to 1 business days, depending on your bank. Your money is not locked, and there are no limits on redemption amounts.
Onshore, fully regulated
The funds are fully-licensed money market funds, approved and supervised by the French financial markets authority (Autorité des marchés financiers).
All parties involved are regulated in France and comply with European Union law. Money market funds are required by law to hold highly liquid and ultra low duration assets.
Tokenized shares
We use public blockchain networks to issue and secure the fund shares, in full compliance with French and EU securities law.
This allows us to provide you with Internet-native, low-fee, always-on and programmable financial instruments.
It also unlocks opportunities in capital markets for trading, borrowing and lending.
The Spiko funds are the world’s first regulated money market funds that you can access from your preferred cryptographic wallet.
FAQs
What happens to my investment if Spiko goes bankrupt?
You’re safe. As a regulated fund distributor, Spiko is prohibited from manipulating its clients’ money. Your money is therefore never - even for a short period of time - on Spiko's balance sheet. Your money is held by CACEIS, one of the world’s largest custodian bank and a subsidiary of banking groups Crédit Agricole and Santander. If Spiko goes bankrupt, your assets are therefore fully protected.
What is the risk-free rate?
In finance, the risk-free rate is the return on assets whose risk of default is so low as to be considered negligible:
- The USD risk-free rate is the yield of short-term bonds issued by the United States Federal Government.
- The EUR risk-free rate is the yield of short-term government bonds issued by the strongest Eurozone countries (typically the German Federal Government).
By exclusively investing in such securities, our funds strive to reward investors with the USD and EUR risk-free rates.
Is my capital at risk?
Your capital may be at risk in two specific situations:
- If a government defaults on any T-Bill held by one of our funds. This risk is lower than the risk of your bank going bankrupt, as Spiko funds only invest in the U.S. federal debt (USD funds) and the debt of the safest countries in the Eurozone (EUR funds) such as Germany and the Netherlands. These issuers are considered the safest in the world. No government in which Spiko funds invest has ever defaulted on its debt.
- If interest rates set by central banks become very low or negative. In this case, it is possible that the yield of Spiko funds becomes negative. In such a situation, you can withdraw your money from the fund at any time and place it in a current account that costs - or earns - nothing.
Can I invest as an individual?
Certainly! We welcome all types of investors, namely:
- individuals and entities (e.g. foundations, private companies, DAOs, etc.)
- professionnal and non-professionnal investors.
Some geographic limitations apply. Please refer to our documentation (link below) for more details.
Can the funds’ yield change?
Yes. Short-term government bonds’ yields tend to align with the benchmark interest rates set by central banks. Therefore, funds’ performance is subject to change, especially based on monetary policy decisions of the Federal Reserve and the European Central Bank.
Can I invest if I am not familiar with blockchains and wallets?
Yes. We provide all investors with a secured wallet by default. A wallet is nothing more than an account to interact with blockchain networks. You can either receive your fund shares on the wallet of your choice (e.g. MetaMask, Coinbase, Ledger, etc.) or use the one we provide you with. We recommend using your own wallet only if you are familiar with blockchain technology and the challenges of private key storage.
Do the funds invest in crypto-assets?
No. The funds are prohibited from holding crypto-assets, of any kind. Blockchains are only used to keep track in a secure way of the register of the funds’ shareholders. This allows us to provide you with high-quality financial instruments, always available and at a low fee.
Still have a question?
Explore our full documentationUS T-Bills Money Market Fund Portfolio
EU T-Bills Money Market Fund Portfolio