GBP / tokenized money market fund

Spiko UK T-Bills Money Market Fund (GBP share class)

UKTBL · issued by SPIKO SICAV sub-fund; management company Twenty First Capital; Spiko acts as transfer agent/distributor. verified

3.45%

published yield

$18.56M

size

not established

can you hold it

The terms

Issuer: SPIKO SICAV sub-fund; management company Twenty First Capital; Spiko acts as transfer agent/distributor
Jurisdiction: France (AMF-authorised UCITS; ISIN FR0014012MN7)
Chains: Stellar, Polygon, Arbitrum, Starknet, Base, Ethereum, Etherlink
Contracts: Ethereum 0xf695Df6c0f3bB45918A7A82e83348FC59517734E explorer
Polygon 0x970E2aDC2fdf53AEa6B5fa73ca6dc30eAFEDfe3D explorer
Arbitrum 0x903d5990119bC799423e9c25C56518Ba7DD19474 explorer
Base 0xA8De1f55Aa0E381cb456e1DcC9ff781eA0079068 explorer
Starknet 0x0153d6e0462080bb2842109e9b64f589ef5aa06bb32b26bbdb894aca92674395 explorer
Etherlink 0x970E2aDC2fdf53AEa6B5fa73ca6dc30eAFEDfe3D explorer
Yield basis: 30-day net yield (net of fees) on the 'UK T-Bills' fund, as published on Spiko's own open-data dashboard. RWA.xyz independently shows a 7-day APY of 3.72% on the same date. source
Size: $18.56M source
Minimum: £1 / €1 per Spiko's own product page; RWA.xyz states a 1,000 EUR initial subscription minimum. The two sources disagree and I did not resolve which applies to which access channel.
Who may hold it: Open to individuals and corporate entities who create a Spiko account; KYC onboarding required. Fund is an AMF-authorised UCITS short-term VNAV money market fund. source
Redemption: Daily liquidity, contractually guaranteed in the prospectus. Withdraw anytime with no notice, fees or penalties. source
Cost to enter: 0.25% annual management fee per Spiko's product page; RWA.xyz reports 0.30% management fee plus 10bps operating fees. Discrepancy unresolved. No subscription or redemption fee stated.
Transferability: Not established. No issuer document or explorer we could read says whether this token can be transferred, so we cannot tell you whether you would be able to hold it.
Secondary liquidity: No DEX/lending liquidity for UKTBL was found in any source I read. Not established either way.

What we think you should know

The largest genuinely on-chain GBP yield instrument I found. Underlying is exclusively UK Treasury Bills, weighted average maturity under 60 days. CACEIS is depositary and administrator, HSBC sub-custodian for the T-bills, PwC auditor. Spiko's own dashboard reports £13.34m AUM and 404 users; RWA.xyz reports $18.56m and 438 holders, these are consistent at prevailing GBP/USD. Fund launched 2025-10-15. IMPORTANT: the contract addresses above come from DefiLlama, an aggregator, not from Spiko's own docs or a block explorer. docs.spiko.io is disallowed by robots.txt and Etherscan returned HTTP 403, so I could not independently confirm them. Treat the addresses as unverified even though the instrument itself is verified.

Sources

Other GBP instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
abrdn Liquidity Fund (Lux), Sterling Fund, tokenised via Archax AAGLF	GBP	tokenized money market fund	not published	$3.45M	allowlist + KYC	verified
State Street GBP Liquidity LVNAV Fund, tokenised via Archax ASGLF	GBP	tokenized money market fund	not published	$373.39k	allowlist + KYC	verified
Etherfuse GILTS Stablebond GILTS	GBP	tokenized government debt	3.48%	$82.37k	not established	verified
Spiko Amundi Overnight Swap Fund, GBP share class (marketed as Spiko Pound / Smart Cash GBP)	GBP	tokenized money market fund	4.17%	n/d	not established	inferred