This week, regulated tokenization platform Spiko announced it’s leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate the secure, compliant movement of more than $380 million in regulated onchain money market funds (MMFs) across multiple blockchains.
Spiko is a Paris-based investment technology provider that specializes in issuing, managing, and distributing tokenized MMFs. After the launch of BlackRock’s BUIDL last year, Spiko premiered EUTBL and USTBL, the first two tokenized MMFs in the European Union, and integrated Chainlink’s industry-standard oracle infrastructure to deliver net asset value (NAV) data for its MMFs on Ethereum.
Spiko’s retail MMFs, which utilize UCITS framework and are approved by the French Financial Markets Authority (AMF), are designed to give individuals, small and medium-sized enterprises, and startups seamless access to risk-free interest rates in euros and dollars. CCIP will help scale access to EUTBL and USTBL while maintaining the regulatory and operational standards of institutional financial products.
CCIP is the industry standard for digital asset and data transfer used by leading blockchains, layer-2s, DeFi protocols, and traditional financial institutions to unlock new use cases and markets for crypto, stablecoins, and tokenized assets including MMFs. Leveraging Chainlink’s time-tested oracle infrastructure, which has enabled over $22 trillion in transaction value, CCIP achieves the highest level of cross-chain security backed by a separate Risk Management Network.
CCIP allows Spiko to enforce its configurable set of pre-defined compliance policies – general operational rules, identity verification checks, jurisdictional restrictions, and asset-specific constraints – across multiple blockchains. With CCIP, transactions are only finalized when compliance conditions are met.
“We’re excited to work with Chainlink to enable secure, seamless, and compliant interoperability for regulated financial assets,” said Spiko CEO Paul-Adrien Hyppolite in an official announcement.
“By integrating CCIP, we’re extending our tokenized money market funds across chains while maintaining the compliance and operational standards required by institutional investors.”
“Spiko is demonstrating how regulated financial products can move securely across blockchains without compromising on compliance,” added Colin Cunningham, Global Head of Tokenization and Alliances at Chainlink Labs.
“By adopting Chainlink CCIP, they’re tapping into infrastructure purpose-built for institutional-grade interoperability.”
To learn more about Spiko, visit their website, X, and Telegram.