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- French firm Spiko has launched an EU and a US T-Bill Money Market Fund on the Arbitrum Layer 2 network worth over $150 million.
- Data shows that $17 billion worth of real-world assets have been tokenized, with 83,000 investors holding these assets, which range from private credit to US Treasury debt.
French fintech firm Spiko has launched its money market funds on Arbitrum, bringing over $150 million worth of assets to the Layer 2 network.
(💙, 🧡)🤝🦔 We're excited to announce the native deployment of the Spiko U.S. and E.U. T-Bills Money Market Funds, two UCITS- and MMFR-compliant investment vehicles, on @arbitrum. pic.twitter.com/6iH5LaS2cq
— Spiko (@Spiko_finance) January 28, 2025
Spiko, one of the European leaders in the real-world asset (RWA) tokenization revolution, revealed this week that its EU and US T-Bills Money Market Funds will now be available on Arbitrum One. The two funds, which trade as USTBL and EUTBL, have been the most successful in Europe, a region in which tokenization is still nascent.
Spiko’s funds hold over $150 million in assets and allow institutional and retail investors to participate in the future of finance. The company’s products are stored in self-custodial wallets, are compliant with global standards and European regulations, and are offered in both euros and US dollars, opening them up to a wider audience.
On why the company selected Arbitrum to deploy its tokenized funds, Spiko noted that the Layer 2 network “has been at the forefront of on-chain RWA adoption, particularly tokenized T-Bills, making this deployment a natural step forward in our journey.”
Nina Rong, the head of partnerships at Arbitrum, commented that the deployment shows Arbitrum can “enable compliant, regulated financial products while maintaining the security standards that institutional investors require. We’re excited to see Spiko leverage our network to bring tokenized T-Bills to the blockchain ecosystem.”
While Ethereum still dominates the tokenization arena with a 55% market share, Layer 2 networks are increasingly carving a niche in the sector with lower fees and faster transactions. Arbitrum is one of the leaders in the Layer 2 space, and despite a 44% dip in assets held in the past 30 days, it ranks in the top ten networks globally.
Even massive funds that started out on other chains have expanded to Arbitrum, including FOBXX, the on-chain US government money market fund operated by $1.5 trillion asset manager Franklin Templeton.
“Expanding into the Arbitrum ecosystem is an important step on our journey to empower our asset management capabilities with blockchain technology,” commented Roger Bayston, who heads digital assets at the Wall Street giant.
Tokenization Takes Center Stage
Tokenized RWAs are quickly becoming one of the blockchain applications with the highest growth potential. According to data from RWA.xyz, over 83,000 investors are holding these tokens globally, which represent ownership of a real asset. Globally, nearly $17 billion worth of assets have been tokenized, with private credit accounting for the lion’s share at over $11.5 billion. Other common areas include US Treasury debt instruments, commodities, and alternative institutional funds.
Dozens of blockchain networks are now engaged in a race to become the tokenization hub. These include IOTA, whose latest protocol upgrade—Rebased—makes it uniquely positioned to underpin tokenized assets. IOTA founder Dominik Scheiner has already launched a new project in Abu Dhabi tokenizing US Treasuries.
Still in the UAE, Mantra partnered with local real-estate giant DAMAC to tokenize over $1 billion worth of its assets.
