Spiko, an funding expertise firm, has introduced that its tokenized US and EU Treasury Invoice cash market funds might be migrated to Etherlink, a Layer-2 blockchain constructed on Tezos (XTZ) expertise. The announcement marks one other step in Spiko’s rising growth 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 instances, Etherlink is devoting vital sources to enhancing its decentralized finance (DeFi) ecosystem. Paul-Adrien Hyppolite, co-founder and CEO of Spiko, referred to 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 earnings funds. With over $165 million in belongings 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 belongings (RWAs). As such, the combination will introduce a variety of latest liquid tokenized financial savings options.
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