Treasury & money marketActive

Spiko EU T-Bills Money Market Fund

Value (USD)$728.83M2026-09-30

Wallet holders3,8202026-09-30

Minimum investmentEUR 1 (initial and subsequent, per prospectus)

Yield—Unverified

Overview

EUTBL is a share class of a French UCITS SICAV classified as a short-term variable NAV money market fund investing in euro-area government T-bills. Its shareholder register is kept by Spiko Finance on public blockchains, and shares may only be held by allowlisted addresses. It is open to non-US investors from EUR 1.

Short-term euro-area sovereign treasury bills

Product structure

Lowest eligible investor type: Retail investors

US persons: Excludes US persons

Investor eligibility: All investors (retail and professional) excluding US Persons; wallet must be allowlisted

Classification of public offering terms, not a determination of your eligibility. Check the offering documents.

Legal wrapper: French SICAV under the UCITS Directive (2009/65/EC); short-term VNAV money market fund
Domicile: France
Regulatory status: UCITS approved by the AMF; not offered to US Persons (Regulation S); Spiko Finance licensed as an investment firm by the ACPR
Asset segregation: UCITS assets held by an independent depositary (CACEIS Bank) and segregated from the management company
Custodian: CACEIS Bank (depositary)
Fund administrator: CACEIS Fund Administration
Auditor: PricewaterhouseCoopers Audit
Transfer agent: Spiko Finance; shareholder register maintained on public DLTs (on-chain register is the register of record)
Tokenization agent: Spiko Finance (maintains shareholder register on public DLTs)
Proof of reserve: None identified beyond UCITS depositary oversight and statutory audit

Redemption & liquidity

Redemption terms: Daily; orders before 11:30 Paris time executed same day at that day's NAV; settlement in book-entry EUR or EURC tokens
Secondary liquidity: Transferable between allowlisted addresses only
Yield mechanism: NAV accrual (capitalisation share class)

Fees

Management fee max 0.30% incl. tax; operating expenses max 0.10% incl. tax (prospectus); rwa.xyz lists 0.25% management, no subscription/redemption fees

On-chain information

EthereumPolygonArbitrumBaseStarknetEtherlinkStellarSolana

Token standard: ERC-20 (EVM chains); Stellar Asset Contract; Token-2022 (Solana)
Transfer restrictions: Permissioned; allowlisted addresses validated by the management company

Contract addresses: unverified

Notes & material events

rwa.xyz lists a EUR 1,000 minimum and 10:30 CET cut-off, which conflict with the May 2026 prospectus (EUR 1; 11:30 Paris). Solana listed by rwa.xyz but not in the prospectus DLT list reviewed.

Revision history

No published revisions.

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