Spiko: Web3 Access to Government Bonds via Blockchain

Spiko is a European blockchain platform founded in 2023 that provides access to tokenized money market funds (MMFs), fully backed by sovereign bonds. The company enables both investors and businesses to earn daily returns without risk, while maintaining full liquidity. By combining the reliability of traditional UCITS-compliant regulation with the transparency and speed of Web3, Spiko offers a next-generation financial tool accessible directly via blockchain.

Table of Contents

• What Is Spiko and Its Mission
• How the Platform Works: Products and Mechanics
• Technical Architecture and Chainlink Integration
• Use Cases and Value Proposition of Spiko
• Ecosystem, Team, and Funding
• Conclusion

1. What Is Spiko and Its Mission

Spiko is a regulated fintech startup focused on tokenizing euro- and dollar-denominated money market funds. Its underlying products are UCITS-compliant, investing exclusively in short-term government bonds. The project’s goal is to merge the accessibility of Web3 with the security of institutional-grade assets. Through tokenization, Spiko allows users to earn returns from sovereign instruments directly into their wallets via liquid tokens.

Founded by economists Paul-Adrien Hyppolite and Antoine Michon—both formerly involved in France’s public finance digitalization—Spiko launched in 2024 and now manages over $400 million in assets. The team continues to expand its product suite and partnerships.

Spiko's mission is to redefine liquidity management infrastructure in the digital age by making returns more accessible and transparent, eliminating bureaucracy and intermediaries. The platform offers API integrations, secure custody, and unrestricted daily yield access.

2. How the Platform Works: Products and Mechanics

Spiko offers tokenized funds such as Spiko Euro (EUTBL) and Spiko Dollar (USTBL), both fully backed by government securities and UCITS-certified. Users can deposit euros, dollars, or stablecoins and receive fund tokens reflecting their share. Returns are distributed daily with no lockups or withdrawal fees.

Key Operational Features:

• Minimum first deposit: €1000 or $1000; subsequent from €1 / $1
• Full liquidity with anytime withdrawal
• Custody via CACEIS (Crédit Agricole Group); Spiko has no access to client funds
• ERC‑20 compliant tokens transferable between wallets

The platform is designed for both retail and institutional use. Over 1000 clients have conducted more than $900 million in transactions via Spiko’s web interface or API-integrated banking and Web3 systems.

3. Technical Architecture and Chainlink Integration

Spiko operates on Ethereum and EVM-compatible blockchains, enabling modularity, scalability, and cross-chain logic. Tokens are based on the ERC‑20 standard with enhancements such as upgradeability, gasless permissions, and meta-transaction support. Smart contracts manage share issuance/redemption, KYC enforcement, and access control.

Chainlink plays a vital role in Spiko's architecture, enabling on-chain data and cross-chain token movement while enforcing jurisdictional and compliance constraints.

                                                   Summary Table of Core Components:

With CCIP, Spiko interacts seamlessly with Arbitrum, Polygon, Starknet, and Etherlink, while maintaining legal and regional restrictions. Violations are automatically flagged and blocked. This hybrid architecture ensures institutional-grade reliability with Web3 efficiency.

4. Use Cases and Value Proposition

Spiko delivers flexible liquidity tools to a diverse range of users, from individuals to enterprises. Thanks to legal safeguards, blockchain transparency, and daily yields, it serves as a compelling alternative to traditional banking products, especially in low-interest environments.

Primary Use Cases:

• Corporates & Startups: Parking excess cash with daily yield and instant access
• Freelancers & Individuals: Passive income without a bank account
• Web3 & Fintech Apps: API integrations for treasury management
• Financial Institutions: UCITS-compliant, transparent yield solutions

Spiko narrows the gap between traditional finance and DeFi, enabling access to sovereign-grade returns without complex procedures. It lowers entry barriers and simplifies portfolio planning, making it highly valuable in the Web3 landscape where security, liquidity, and compliance are essential.

5. Ecosystem, Team, and Funding

Founded by Paul-Adrien Hyppolite and Antoine Michon, Spiko blends public finance expertise with Web3 modularity. Registered in the EU, the platform complies with MiCA and UCITS standards.

In July 2025, Spiko raised $22 million in a Series A round led by Index Ventures, with participation from White Star Capital, Blockwall, Frst, and the Bpifrance Digital Venture Fund. Angel investors include the founders of Revolut, Wise, and Pennylane.

Key partners include Chainlink (for data and cross-chain infrastructure), CACEIS (custodian), and various Layer 2 blockchain networks. Spiko also promotes financial literacy via Spiko Academy and maintains an active blog.

6. Conclusion

Spiko represents an innovative approach to liquidity management, combining financial reliability with technological flexibility. The platform offers regulated, tokenized money market funds accessible via blockchain, fully compliant with strict European standards.

With Chainlink integration, daily yield, cross-chain distribution, and full transparency, Spiko stands out as a leader in the tokenization of real-world assets (RWA). In its first year of operation, the company has proven the viability of its model, emerging as a next-generation tool for both investors and businesses.

Beyond simplifying access to institutional-grade products, Spiko is building the foundation for a secure, scalable, and regulation-compatible DeFi ecosystem. In the coming years, it is well positioned to become the standard for digital capital management across Europe and beyond.