Spiko, an funding know-how firm, has introduced that its tokenized US and EU Treasury Invoice cash market funds will probably be migrated to Etherlink, a Layer-2 blockchain constructed on Tezos (XTZ) know-how. The announcement marks one other step in Spiko’s rising enlargement marketing campaign following integrations with different main blockchain networks, together with Arbitrum One (ARB), Starknet (STRK), and Polygon (POL, previously MATIC).
Already identified for its low transaction prices, censorship resistance, and near-instant block occasions, Etherlink is devoting vital sources to enhancing its decentralized finance (DeFi) ecosystem. Paul-Adrien Hyppolite, co-founder and CEO of Spiko, known as Etherlink a “pure match” for the corporate.
With the combination of the cash market funds, Etherlink customers can have entry to Spiko’s EUR and USD revenue funds. With over $165 million in property below administration and full Undertakings for Collective Funding in Transferable Securities Directive compliance, Spiko’s cash market funds, represented as tokenized USTBL and EUTBL shares, are extremely profitable actual property (RWAs). As such, the combination will introduce a spread of latest liquid tokenized financial savings options.
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