Spiko EU T-Bills Money Market Fund (EUTBL)
CryptoScore Pro global score : 60/100 (computed on 2026-10-28)
Spiko’s EUTBL is a tokenized money market fund (MMF) representing fractional exposure to a portfolio of European Treasury Bills (T-Bills), structured as an Ethereum-based asset. Launched in August 2024, EUTBL operates under the Spiko protocol, a framework designed to bridge traditional finance (TradFi) with decentralized infrastructure by tokenizing real-world assets (RWAs) on-chain. The fund’s primary appeal lies in its compliance with EU regulatory standards, including UCITS (Undertakings for Collective Investment in Transferable Securities) compliance, which positions it as a bridge between institutional-grade assets and blockchain accessibility. Unlike speculative crypto assets, EUTBL is pegged to the value of underlying T-Bills, offering investors a low-volatility, yield-generating instrument denominated in euros. Its multi-chain deployment—across Ethereum, Arbitrum, Base, Polygon, and Starknet—reflects Spiko’s ambition to integrate with both DeFi ecosystems and traditional financial rails, though its adoption remains nascent outside Ethereum’s core infrastructure. The absence of audits and minimal on-chain activity underscores its early-stage status, where regulatory…
Scores by pillar
| Technology | 67/100 |
|---|---|
| Tokenomics | 72/100 |
| Team | 52/100 |
| Adoption | 47/100 |
| Liquidity | 38/100 |
| Compliance | 75/100 |
Market data
| Price | $1.18 |
|---|---|
| Market cap | $504.93M |
| 24h volume | $0 |
| Market cap rank | #135 |
| 24h change | +0.26% |
| 7d change | -0.56% |
| Blockchain | Ethereum |
| Sector | Tokenized Assets |
Analysis
The asset ranks 9th in its category. This tokenized fund, meaning a digital asset backed by a financial security, replicates European Treasury Bills on Ethereum. It uses a fund contract to link traditional finance to the blockchain. The token provides fractional exposure to European government securities.