Profile
EUTBL profile facts
Spiko EU T-Bills Money Market Fund (EUTBL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Euro-denominated NAV.
- Collateral
- Eurozone-government bonds and money-market instruments held by the AMF-regulated Spiko SICAV short-term VNAV money-market sub-fund, managed by Twenty First Capital; the mandate limits weighted average maturity to 60 days or less and residual instrument maturity to six months
- Peg mechanism
- EUR-denominated NAV-accreting share token (ISIN FR001400ODL1) of the Spiko SICAV short-term VNAV money-market sub-fund authorised by the AMF. The mandate permits euro-denominated Eurozone-government bonds and money-market instruments, with weighted average maturity of 60 days or less. Subscriptions, redemptions, and transfers are permissioned through Spiko Finance's shareholder register. The 1 September 2026 prospectus specifies an 11:30 Paris-time order cutoff, execution at the last known NAV subject to exceptional-event recalculation, next-business-day processing for late orders, and €1 minimum subscriptions and redemptions. Spiko has announced Chainlink CCIP interoperability for EUTBL and USTBL. Prospectus: https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf
- Jurisdiction
- France / AMF / UCITS Short-Term VNAV Money Market Fund
- Proof of reserves
- Independent Report by PricewaterhouseCoopers Audit, statutory auditor of Spiko SICAV. The 1 September 2026 prospectus names PwC and requires certification of financial statements plus pre-publication asset-composition checks. Latest annual reports and asset compositions are available to shareholders within eight working days of written request; no dated audit report was obtained in this review. Reserve source
- ISIN
- FR001400ODL1
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
EUTBL quick answers
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What is Spiko EU T-Bills Money Market Fund (EUTBL)?
EUTBL is Spiko's AMF-authorized UCITS short-term VNAV money-market fund backed by Eurozone sovereign T-bills, tokenized for KYC-gated investors. The static profile records its Euro-denominated NAV accounting mechanism as: EUR-denominated NAV-accreting share token (ISIN FR001400ODL1) of the Spiko SICAV short-term VNAV money-market sub-fund authorised by the AMF.
Is EUTBL safe?
As of Nov 8, 2026, Pharos grades EUTBL C+ (64/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs EUTBL?
Pharos records EUTBL's reserves in its review of Jul 14, 2026 as 100% Spiko EU T-Bills Money Market Fund NAV. Reserve evidence: Independent Report. Pharos classifies the backing as Real-World Asset Backed.
Can EUTBL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem EUTBL?
Under the route Pharos reviewed on May 12, 2026, customers the issuer has verified can redeem EUTBL at its net asset value. Settlement takes multiple days. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
