Spiko Disrupts $380M Money Markets with Chainlink CCIP Integration—Traditional Finance Sweats

Europe's fintech darling Spiko just plugged into Chainlink's Cross-Chain Interoperability Protocol (CCIP)—and suddenly, $380 million in money market funds got a whole lot nimbler.

No more clunky legacy rails. No more 'next-business-day' settlement theater. CCIP's smart contracts now automate fund movements across chains faster than a hedge fund manager liquidates before a crash.

Traditional custodians? They're stuck playing checkers while Spiko's team plays 4D chess with decentralized oracles. (Bonus irony: the 'safe' money market space now runs on crypto infrastructure.)

One question remains: when will the incumbents realize their 'blockchain pilots' are as useful as a fax machine in a DeFi world?

Spiko’s regulated funds

As announced, Chainlink will be the interoperability infrastructure provider for Spiko’s tokenized MMFs – EUTBL and USTBL.

The two assets, backed by euro and U.S. dollar-denominated treasury bills, are the first EU-approved USD- and EUR-denominated money market funds whose shares are issued as fungible tokens on a public blockchain. It’s part of the massive tokenization trend currently being witnessed across the world.

“By integrating CCIP, we’re extending our tokenized money market funds across chains while maintaining the compliance and operational standards required by institutional investors,” said Paul-Adrien Hyppolite, co-founder and chief executive officer of Spiko.

Spiko aims to use Chainlink to scale access to its funds, with regulatory and operational standards around identity verification checks, such as know your customer and anti-money laundering. CCIP integration sees Spiko tap into another key blockchain-powered solution after the platform adopted Chainlink SmartData to offer real-time NAV reporting.

Chainlink continues to attract massive adoption initiatives as its solutions power growth and traction for projects across decentralized finance, banking, and real-world assets, among others.

Recently, Chainlink revealed a major move with the partnership with Mastercard.