Spiko — in collaboration with CACEIS — has integrated Chainlink infrastructure to deliver Net Asset Value (NAV) data of the Spiko Money Market Funds (MMFs) on Ethereum.
This represents a major advancement in fund management practices, setting a new standard for accuracy, transparency, and utility in the industry. The Spiko Funds are the first Ethereum-native USD- and EUR-denominated Money Market Funds (MMFs) approved in the European Union.
By leveraging Chainlink’s cutting-edge technology, Spiko is enhancing the reliability of its NAV data and improving 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. 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,” said Colin Cunningham, head of Tokenization & Alliances at Chainlink Labs, in a statement.
The Spiko Money Market Funds are retail UCITS MMFs, regulated under EU law, backed by assets custodied by CACEIS, and shares natively issued on-chain. The approach upgrades from current post-trade processing systems to smart contracts and decentralized ledger technology, enhancing transparency, efficiency, and programmability in fund management.
Spiko’s solutions are designed to streamline operations, reduce administrative burdens, and facilitate greater liquidity and access in the financial markets. CACEIS ensures that the NAV data used in its tokenized funds are accurate, reliable, and compliant with regulatory standards.
By integrating Chainlink, Spiko can now access NAV data onchain with accuracy and security, ensuring that it’s not only reported in real-time but also synchronized across various platforms.
“The integration of Chainlink’s infrastructure represents a major step forward in enhancing the reliability and operational resiliency of our NAV data on-chain. Chainlink enables us to deliver critical data on-chain that originates from traditional finance,” said Paul-Adrien Hyppolite, co-founder and CEO of Spiko.