In a new video interview, Spiko co-founder and CEO Paul-Adrien Hyppolite explained the significance of tokenizing real-world assets (RWAs) onchain through Chainlink’s time-tested, hyperreliable oracle infrastructure.
Spiko is a Paris-based investment technology provider that specializes in issuing, managing, and distributing tokenized money market funds (MMFs). Last year, shortly after the launch of BlackRock’s BUIDL, Spiko premiered the first two tokenized MMFs in the European Union. Soon after, the platform 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 (SMEs), and startups seamless access to risk-free interest rates in euros and dollars.
“A significant part of our user base is actually non-crypto,” Hyppolite explained. “So we are bringing more and more companies and individuals onchain through the tokenization of these instruments.”
He said tokenization is not only making such financial products more accessible; it’s also enhancing their transparency and transferability.
As the standard for onchain finance, Chainlink has enabled over $20 trillion in transaction value and provides essential infrastructure for creating and securing tokenized RWAs 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 vital NAV and reserve data for tokenized funds onchain.
In a recent podcast interview, Chainlink co-founder Sergey Nazarov explained how Chainlink’s decentralized oracle services power RWAs that function as continuously updated unified golden records onchain.
Hyppolite said Chainlink Data Feeds, which deliver accurate, reliable, tamper-proof market data, as well as Proof of Reserve (PoR), which continuously verifies that assets are fully collateralized, provide a much-needed “credible source of truth.”
“It’s a game-changer because it brings a lot of transparency to the assets,” he explained. “You essentially give anyone read access to the shareholder register of money market funds, for instance, so you can see – in real time – activity onchain.”
Additionally, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) provides a universal set of rails for RWAs to flow freely between private bank chains and public DeFi applications.
“Chainlink is providing a key piece of technology for tokenized securities to have utility in DeFi,” Hyppolite said. “It’s oracle infrastructure that has been live for a long time. They have a huge market share in the space and a credible and secure infrastructure. So that’s the main point.”
Watch the full interview.