$150M money market funds added to Arbitrum’s RWA ecosystem

French fintech company Spiko has deployed its money market funds on Arbitrum One, bringing institutional-grade investment assets to the layer-2 blockchain.

According to a Jan. 28 announcement, Spiko’s tokenized US and EU T-Bill Money Market Funds are now available on Arbitrum One. The funds are regulated under the European Commission’s Undertakings for Collective Investment in Transferable Securities (UCITS), which provides a framework for selling mutual funds. 

Net assets held by Spiko’s US T-Bills Money Market Fund have grown by 8% over the past 30 days, reaching more than $50 million, according to RWA.xyz. The fund offers an annual percentage yield (APY) of 4.37%.

Its EU T-Bills Money Market Fund has a total of $95.1 million in assets, seeing growth of 10.9% over the past month.

The market for tokenized US Treasury assets is growing rapidly, with Ondo Finance announcing on Jan. 28 that it was deploying its Short-Term US Government Treasuries (OUSG) on the XRP Ledger. The combined value of tokenized Treasury assets is currently $3.43 billion, according to RWA.xyz data.

Related: Tokenized bond market may 30x by 2030 — Fintech exec

RWA tokenization could thrive under Trump administration

US President Donald Trump’s pro-cryptocurrency policies could also extend to real-world asset tokenization (RWA), according to attorney Eli Cohen, who works with tokenization platform Centrifuge. 

Cohen told Cointelegraph that the new administration could deliver “a very public renouncement and repudiation” of anti-crypto policies, which could further encourage RWA market participation. 

“This will open up banking and brokerage channels to spur the creation of many more tokenized products,” said Cohen.

Although fintechs and blockchain companies are fueling the RWA tokenization boom, traditional financial institutions will be the main catalysts of mainstream adoption, according to Bitfinex Securities head of operations Jesse Knutson.

“It’s the more nimble institutions, the fast movers, like the family offices, those kind of guys. I think they’ll have an outsized impact in these early days,” Knutson told Cointelegraph on the sidelines of the Plan B Lugano conference in November. 

“But eventually — the benefits of tokenization — they’re going to pull in the mainstream institutional investors,” he said.

Related: BlackRock CEO wants SEC to ‘rapidly approve’ tokenization of bonds, stocks: What it means for crypto

Explore new destinations with ease using the Garmin Drive 52 GPS Navigator! With over 17,988 ratings and a solid 4.4/5-star rating, this GPS system has been a top choice for travelers. Over 500+ units were bought in the past month, all for only $144.99.

This 5″ GPS navigator comes with essential driver alerts, real-time travel data, and external memory storage. The simple on-screen menus and bright, easy-to-see maps make it easy to navigate wherever you are. Plus, it’s road trip-ready with The HISTORY Channel database, featuring notable historic sites and much more to enhance your journey.

Don’t miss out—get your hands on the Garmin Drive 52 today for a smoother ride ahead! Buy Now for $144.99 on Amazon!

Help Power Techcratic’s Future – Scan To Support

If Techcratic’s content and insights have helped you, consider giving back by supporting the platform with crypto. Every contribution makes a difference, whether it’s for high-quality content, server maintenance, or future updates. Techcratic is constantly evolving, and your support helps drive that progress.

As a solo operator who wears all the hats, creating content, managing the tech, and running the site, your support allows me to stay focused on delivering valuable resources. Your support keeps everything running smoothly and enables me to continue creating the content you love. I’m deeply grateful for your support, it truly means the world to me! Thank you!