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Fipto and Spiko Link Atablecoin Rails to UCITS T-Bill Funds

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Fipto and Spiko Link Atablecoin Rails to UCITS T-Bill Funds

Three Spiko funds are available to Fipto clients. The Spiko EU T-Bills Money Market Fund (EUTBL) accepts subscriptions in euros and EURC, with a net annualised yield of 2.09% against the €STR benchmark as at the announcement date. The Spiko US T-Bills Money Market Fund (USTBL) accepts USDC balances and carries a net annualised yield of 3.37% in US dollars, benchmarked to the Federal Funds Rate. The Spiko Amundi Overnight Swap Fund, in its EUR class, is available from euro balances and yielded 2.84% net annualised on the same date, with asset management delegated to Amundi. All three funds accrue daily, including at weekends, meaning balances placed before the Friday cut-off continue earning across Saturday and Sunday.

The structural mechanics matter as much as the yield figures. Each Fipto client is onboarded directly as a Spiko investor and holds fund shares in its own name rather than through a pooled account. Fipto acts as introducer and provides the interface; Spiko Finance SAS provides the investment service. Fund assets are held in custody with CACEIS Bank. These are not bank deposits and carry no deposit guarantee protection, a point the firms disclose explicitly.

The regulatory stack is fully licensed on both sides. Fipto holds a Payment Institution licence from the ACPR and MiCA CASP authorisation from the AMF. Spiko Finance SAS is an investment firm authorised by the ACPR, and the funds are UCITS approved by the AMF.

Patrick Mollard , co-founder and chief executive of Fipto, said the combination of fast settlement and in-platform yield allocation represents where corporate finance is headed.


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