Spiko, an investment technology provider specializing in tokenized money market funds, in collaboration with CACEIS, a premier global asset servicing group with $5.2 trillion in assets under custody, has integrated Chainlink infrastructure to deliver net asset value (NAV) data for the Spiko money market funds (MMFs) on Ethereum.
A Paris-based platform for issuing, managing, and distributing tokenized funds, Spiko launched the first Ethereum-native USD- and EUR-denominated MMFs approved in the European Union last June. The Spiko retail UCITS MMFs are regulated under EU law, with assets backed by assets custodied by CACEIS and shares natively issued as ERC-20 tokens onchain.
As the industry-standard decentralized computing platform, Chainlink has enabled over $16 trillion in transaction value and provides essential infrastructure for creating and securing tokenized real-world assets, such as tokenized funds, that bridge the gap between DeFi and TradFi. Following collaborations with the DTCC as well as Fidelity International and Sygnum, Chainlink has emerged as the preferred way to deliver key NAV and reserve data for tokenized funds onchain.
Leveraging Chainlink’s tokenization infrastructure allows Spiko to enhance the reliability of its NAV data and improve the operational efficiency of its tokenized assets.
“We’re excited to see Spiko integrate Chainlink’s infrastructure to bring NAV data onchain for its tokenized money market funds backed by assets custodied by CACEIS,” said Colin Cunningham, Head of Tokenization & Alliances at Chainlink Labs, in an official announcement.
“This showcases how the Chainlink platform enables traditional financial assets to seamlessly move to the onchain economy, without requiring a complete overhaul of existing institutional systems.”
The launch of BlackRock’s BUIDL earlier this year signaled growing interest in tokenized funds with technological efficiencies that yield lower costs, easier administration, and faster transaction settlement. Spiko’s solutions are designed to streamline operations, reduce administrative burdens, and facilitate greater liquidity. Utilizing Chainlink oracles ensures NAV data provided by CACEIS is delivered onchain securely, accurately, and in real time.
“The integration of Chainlink’s infrastructure represents a major step forward in enhancing the reliability and operational resiliency of our NAV data on-chain,” said Spiko co-founder and CEO, Paul-Adrien Hyppolite. “Chainlink enables us to deliver critical data on-chain that originates from traditional finance. We are excited to lead the way toward a more innovative and transparent financial ecosystem by leveraging Chainlink.”
To learn more about Spiko, visit their website, X, and Telegram.