The UCITS Directive requires segregation of assets to protect investors and ensure fund assets can be identified at any time. Financial instruments must be registered in segregated accounts in the name of the UCITS. UCITS assets must be separated from the assets of the depositary. 

non-US Government Debt

Spiko EU T-Bills Money Market Fund is a short-term variable net asset value money market fund (short-term VNAV MMF) under EU law and a sub-fund of the Spiko SICAV. The Fund invests 100% of its total assets in Treasury Bills issued by investment grade Eurozone Member States, repurchase agreements secured by such securities and cash.The Fund keeps an average maturity of its portfolio under 60 days. The maximum maturity of any asset held by the Fund is less than 6 months. The cash holdings cannot exceed 10% of its total assets.

France

AMF - French Autorité des Marchés Financiers

Shareholders in the Fund are entitled to redeem their shareholding and receive the redemption proceeds relating to such shares as detailed in the Fund’s prospectus.

UCITS assets must be separated from the assets of the depositary and the depositary must ensure that assets held by sub-custodians are not available to pay off creditors in case of the sub-custodian's insolvency.

Spiko

French SICAV (Société dinvestissement à capital variable)

Spiko EU T-Bills Money Market Fund

Euro

Polygon EUTBL

Polygon

EUTBL is freely transferable to any allowlisted address. There is no lock-up period; in other words, EUTBL can be transferred immediately upon creation. A transfer of EUTBL constitutes a transfer of ownership as specified in the prospectus.

Ethereum EUTBL

Ethereum

CACEIS

The Fund is broadcasting its net asset value and total assets under management on each business to all major financial data providers (Bloomberg, Morningstar, etc.) as well as to its supervisory authority. The Fund is publishing its portfolio on spiko.xyz daily. The Fund is also publishing an annual report.

Corporate Bonds

FINMA - Swiss Financial Market Supervisory Authority

Backed Assets

Switzerland

Backed ERNX € Ultrashort Bond

iShares € Ultrashort Bond UCITS ETF Euro (Acc.)

Ethereum bERNX

Backed Finance

InCore Bank AG

Backed GOVIES 0-6 Months Euro Investment Grade

Amundi ETF Govies 0-6 Months Euro Investment Grade UCITS ETF EUR

Ethereum bC3M

Flexible term loans that allow users to make loans and begin accruing interest immediately  and earns a variable interest rate (“Loan Fee Rate”) which is benchmarked to a blend of daily rates corresponding to the assets backing this product (German, French, and Italian 1-Month Bonds) less Fees. Principal and interest compounds daily. 

30 bps per annum deducted from yield on backing assets

OpenTrade

Cayman Islands Segregated Portfolio Company

OpenTrade Fixed Term E.U. Bonds Vault

Withdrawals can be initiated at anytime and will be processed within 24 hours

Must be sophisticated investor. US persons not allowed.

Ethereum XEVT

OpenTrade (Perimeter Protocol)

Weekly attestations provided by FCA regulated asset manager


1	Spiko	$50.39M
2	Backed Finance	$20.74M	▲0.89%
3	OpenTrade (Perimeter Protocol)	$1.22M	▼0.93%
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			Market Cap	Holders	Yield to Maturity	Weighted Average Maturity	Issuer Legal Name SEC CIK Number Login to Unlock	Incorporation Country	License or Regulatory Framework	Custodian Legal Identifier Login to Unlock	Min. Investment	Management Fees	Subscription Fees	Redemption Fees	Performance Fees	Login to Unlock
Spiko EU T-Bills Money Market FundSpiko	$EUTBL		$50,393,932 ▲	218 ▲	—	—	Spiko SICAV	France	UCITS Directive (Directive 2009/65/CE) & MMF Regulation (Regulation (EU) 2017/1131) AMF - French Autorité des Marchés Financiers	CACEIS	—	0.40%	0%	0%	0%	—	2 Addresses
Backed ERNX € Ultrashort BondBacked Finance	$bERNX	Ethereum	$11,320,000 △	2 △	3.10%	0.067 yrs	Backed Assets GmbH	Switzerland	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	InCore Bank AG 529900V0KW3BY148IT37	5,000 EURC	0%	0.20%	0.20%	0%	—	0x3f9...9c52c9
Backed GOVIES 0-6 Months Euro Investment GradeBacked Finance	$bC3M	Ethereum	$9,249,828 ▲	7 ▼	—	—	Backed Assets GmbH	Switzerland	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	InCore Bank AG 529900V0KW3BY148IT37	5,000 EURC	0%	0.20%	0.20%	0%	—	0x2f1...9b45e7
OpenTrade Fixed Term E.U. Bonds VaultOpenTrade (Perimeter Protocol)	$XEVT	Ethereum	$1,219,322 ▼	5 ▲	—	—	OpenTrade SPC	Cayman Islands	—	—	100 EURC	0.30%	0%	0%	0%	XEVT Docs	0x3ee...6d1f1d
Backed HIGH € High Yield Corp BondBacked Finance	$bHIGH	Ethereum	$170,926 ▲	4 △	—	—	Backed Assets GmbH	Switzerland	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	InCore Bank AG 529900V0KW3BY148IT37	5,000 EURC	0%	0.20%	0.20%	0%	—	0x20c...83df7a
Backed ERNA $ Ultrashort BondBacked Finance	$bERNA	Ethereum	—	—	—	—	Backed Assets GmbH	Switzerland	Switzerland DLT Act FINMA - Swiss Financial Market Supervisory Authority	InCore Bank AG 529900V0KW3BY148IT37	5,000 USDC	0%	0.20%	0.20%	0%	—	0x0f7...e17245

Tokenized Global Bonds

Global Bond Products