Instruments · Tokenized Treasuries

Spiko US T-Bills Money Market Fund

USTBLTokenized Money Market FundVery Low

3.82% (net of fees, last 31 days)

Yield / return

checked 19 Oct 2026

French AMF-regulated money-market fund holding short-term US Treasury bills (USD); EU retail-accessible.

Target / Area

Retail (EU)

Spiko account + KYC, subscribe directly

Who may buy is set by the issuer — check their terms.

Go to Spiko ↗Trader view →

Minimum €1 (≈$1,000 practical) · Custodial (regulated fund) · verify with the provider before acting

Where to buy USTBL

Open in trader view →

USTBL is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Spiko (SICAV, France) — see above.

Key facts

Yield / return: 3.82% (net of fees, last 31 days)
Risk: Very Low
Minimum: €1 (≈$1,000 practical)
Liquidity: Daily subscription/redemption
Custody: Custodial (regulated fund)
KYC: Required
Figures verified: 2026-10-19

Details

Issuer: Spiko (SICAV, France)
Type: Tokenized Money Market Fund
Category: Tokenized Treasuries
Pillar: Fixed Income
Yield source: Short-term US Treasury bills
Network: Stellar / Ethereum
Jurisdiction: France (EU, AMF-regulated)
AUM: $146M

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Tokenized money market funds, compared →What kind of asset is this? All types explained →

What you actually own

Spiko SICAV (USTBL, EUTBL) · Issuer-tokenized

A share in a regulated fund

Dividends: Not confirmed
Voting rights: Not confirmed
Corporate actions: Not confirmed
Redemption: Not confirmed
If the issuer fails: Fund assets held separately
Transfer: Not confirmed

Some aggregators list 'U.S. and Global Retail' as eligible; the prospectus says subscribers certify they are not US persons, and the prospectus wins.

checked 2026-09-18 · prospectus · source

Who it is aimed at

Target / Area

Retail (EU)

Where it trades: Spiko

Who can buy — as the issuer states it

YesEU · Retail investors
Spiko account and KYC. — AMF-approved money market fund
checked 2026-09-18 · issuer-docs · source
NoUS · Retail investors
Subscribers certify they are not US persons. — Regulation S definition of US person
checked 2026-09-18 · prospectus · source

Quoted from the sources linked, on the date shown. Terms change; the issuer has the final word (issuer documentation).

Questions about USTBL and Tokenized Treasuries

Buying USTBL: common questions

How do I buy USTBL?

Spiko account + KYC, subscribe directly. The issuer names these venues: Spiko. The token runs on Stellar / Ethereum. Minimum: €1 (≈$1,000 practical).

Where can I buy USTBL?

USTBL is not listed on any exchange or DEX we can see. It is bought (subscribed) and redeemed directly with the issuer, Spiko (SICAV, France).

Who can buy USTBL?

As Spiko SICAV (USTBL, EUTBL) states it: EU, retail investors: yes (Spiko account and KYC); US, retail investors: no (Subscribers certify they are not US persons). The issuer has the final word; check its terms before buying.