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European fintech Spiko integrates Chainlink’s CCIP for $380m money market funds

2025-07-01 20:44:19

European fintech Spiko integrates Chainlink’s CCIP for $380m money market funds

Main Idea

Spiko is integrating Chainlink's CCIP to enhance cross-chain functionality for its tokenized money market funds, aiming to streamline processes and improve accessibility.

Key Points

1. Spiko announced on July 1, 2025, its integration with Chainlink's CCIP to facilitate cross-chain transactions for over $380 million in assets.

2. CCIP will replace the previously cumbersome process of redeploying funds across different networks, making it faster and more cost-effective.

3. Spiko's tokenized money market funds (EUTBL and USTBL) are the first EU-approved USD- and EUR-denominated funds issued as fungible tokens on a public blockchain.

4. The integration aims to meet regulatory and institutional investor requirements, including anti-money laundering (AML) compliance.

5. Spiko previously adopted Chainlink SmartData for real-time NAV reporting, highlighting its ongoing use of blockchain solutions for financial services.

Description

Money markets platform Spiko is tapping into Chainlink’s cross-chain interoperability protocol to enable multichain access to over $380 million in regulated on-chain funds. The European fintech announced on July 1, 2025, noting that it was integrating Chainlink ( LINK ), with the strategic aim of bolstering interoperability . Chainlink’s cross chain standard, CCIP, will enable more than $380 million of its institutional-grade onchain money market funds to be accessible to users much more easily ...

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