Tokenized Financial Assets Managed by Spiko Achieve Total Value Locked at $70 Million
In the ever-evolving world of decentralized finance (DeFi), the real-world asset platform Spiko has been making waves, particularly in the tokenized fixed-income sector. With a focus on USTBL (US T-Bill) and EUTBL (EU T-Bill) money market funds, Spiko has processed over $900 million in working capital and aims to surpass $1 billion in assets under management by year-end [3][4].
The platform's growth trajectory is supported by a recent $22 million Series A funding round led by Index Ventures, indicating strong investor confidence in Spiko’s mission to bridge traditional finance and tokenized assets in the US and European markets [1][4]. Spiko's expansion and capital raise highlight a robust demand for these tokenized products, catering to both institutional and retail investors seeking stable fixed-income yields with blockchain-enabled liquidity and accessibility [4].
Spiko's USTBL and EUTBL funds have been a significant part of this growth. USTBL, operating on the Ethereum chain, has experienced the largest inflows so far, with nearly $24 million worth of tokens deposited on August 28, representing over 70% of the current TVL [5]. As of now, USTBL boasts a TVL of $30 million, while EUTBL, based on Polygon, has over $40 million worth of deposits [5].
Spiko's funds offer digital access to stable, short-term government debt instruments. The minimum investment requirement is set at $1,000 or 1,000 euro, respectively, and the funds' assets are held by CACEIS Bank [2]. Both funds are authorized by the French Financial Markets Authority [2].
The success of Spiko's USTBL and EUTBL funds has propelled the platform to become the sixth-largest DeFi app on Polygon, with EUTBL's rapid increase contributing to this rise [6]. Spiko is on track to surpass Tangible on the fifth position in the DeFi app ranking on Polygon [6].
Amid a booming tokenized real-world asset sector, with platforms processing billions in assets on public blockchains like Ethereum, Spiko contributes notably to the fixed-income token market niche [5]. The stablecoin and tokenization sector have seen significant venture capital inflows in 2025, totaling over $175 million in Bitcoin-related DeFi and infrastructure initiatives, reflecting growing institutional interest in bridging traditional finance with blockchain technology [1].
With an annual yield of approximately 5% for USTBL and a current yield of 3.77% for EUTBL, Spiko's tokenized fixed-income products provide investors with attractive returns within the DeFi landscape [1][2]. The platform offers the world's first tokenized money market funds authorized by a major financial watchdog and available to retail crypto investors [7].
In summary, Spiko's USTBL and EUTBL tokenized fixed-income products form a core part of its strong growth trajectory, supported by substantial working capital flows, increasing assets under management, and fresh venture capital funding in 2025. This solid performance places it among the leading platforms facilitating institutional and retail access to tokenized money market instruments in the US and Europe [3][4][5].
The recent funding round of $22 million for Spiko indicates strong investor confidence in the platform's mission to bridge traditional finance and tokenized assets in the US and European markets. In the DeFi landscape, Spiko's tokenized fixed-income products, such as USTBL and EUTBL funds, offer attractive returns and provide investors with stable yields enabled by blockchain technology.
