Provider at a glance
- Category
- Money-Market Funds
- Entity
- All 2 Spiko products
- Official website
- spiko.io
Independent rankingchecked How it works
Details
Scored 81 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Spiko US T-Bills Money Market Fund (USTBL)
French money market fund in US T-bills
Money-Market Funds
#1 Overall
Ranked #1 of 8 money-market funds in the published ranking
81
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Spiko US T-Bills Money Market Fund (USTBL) right for you?
Right for you if these matter most
- Regulator and registration number10/10, the category best
- Published fee against fund yield8/10; the category best is 9
- Portfolio and liquidity rules8/10; the category best is 9
Look elsewhere if these come first
- Token as the share of record6/10 here; Franklin OnChain U.S. Government Money Fund (FOBXX / BENJI) scores 9
Not yet tested for your country. Markets it lists: Global. Restricted: United States, Vietnam.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best money-market fund shows where it lands for you.
What will Spiko US T-Bills Money Market Fund (USTBL) cost you?
Not priced on this basis
- Your balance
- $10k
How safe is Spiko US T-Bills Money Market Fund (USTBL)?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Spiko US T-Bills Money Market Fund (USTBL)
Compare all 4- 2Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)4 points below · stronger on portfolio liquidity rules (9 against 8)77
- 3Franklin OnChain U.S. Government Money Fund (FOBXX / BENJI)12 points below · stronger on token share record (9 against 6)69
- 4Janus Henderson Anemoy Treasury Fund (JTRSY)21 points below · stronger on token share record (8 against 6)60
For your setup
Find out if Spiko US T-Bills Money Market Fund (USTBL) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Spiko US T-Bills Money Market Fund (USTBL) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best money-market fundNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why Spiko US T-Bills Money Market Fund (USTBL) ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (25.5 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 1 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
306+5.766.09#4/8Loading evidence…
2810+8.966.510#1/8Loading evidence…
228+5.638.09#2/8Loading evidence…
208+5.126.09#4/8Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+4over Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT), #2
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 81 and stays #1
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Spiko US T-Bills Money Market Fund (USTBL)’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Token as the share of record 6 → 3 on its ladder · Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) passes it−379#1 → #2
Regulator and registration number 10 → 7 on its ladder · Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) passes it−379#1 → #2
Published fee against fund yield 8 → 4 on its ladder · Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) passes it−479#1 → #2
Strengths
3 from the score dataWhere it leads
Best for readers who weight
- Regulator and registration number — 10/10, the category best
- Published fee against fund yield — 8/10, category best 9/10
- Portfolio and liquidity rules — 8/10, category best 9/10
Tradeoffs
1 from the score dataWhere it trails
Not for readers who put first
- Token as the share of record — 6/10 against a category best of 9/10
Record watch-outs
- Spiko is the distributor, not the manager — the page names "Asset manager Twenty First Capital" — so the investment decisions and the brand you are buying are made by different firms. The portfolio disclosure block on the same page is stamped "Last updated on Dec. 9, 2024", and the live yield and holdings render only from JavaScript, so none of the current figures are readable in the page source.
Competitive position
Where Spiko US T-Bills Money Market Fund (USTBL) leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 814.0 of 20 · pool best
Published criteria#2 / 819.1 of 30 · best 22.3
Friction#1 / 82.7 of 10 · constant here
Trust record#1 / 83.2 of 8 · constant here
Measured data#1 / 88.3 of 18 · constant here
Where Spiko US T-Bills Money Market Fund (USTBL) leads
- Regulator and registration number#1 / 8
- Published fee against fund yield#2 / 8
Where it trailsNo criterion in the bottom third of its pool.
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)#2 of 8 · score 77 · 4.0 points behind
Spiko US T-Bills Money Market Fund (USTBL) leads on
- Token as the share of record6 vs 3
Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) leads on
- Portfolio and liquidity rules9 vs 8
Largest single reason Spiko US T-Bills Money Market Fund (USTBL) is ahead: published criteria (+4.4 display points).Scenario cost: Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) has no verified pricing for this scenario.
Franklin OnChain U.S. Government Money Fund (FOBXX / BENJI)#3 of 8 · score 69 · 12.0 points behind
Spiko US T-Bills Money Market Fund (USTBL) leads onNo scored criterion
Franklin OnChain U.S. Government Money Fund (FOBXX / BENJI) leads on
- Token as the share of record9 vs 6
- Published fee against fund yield9 vs 8
- Portfolio and liquidity rules9 vs 8
Largest single reason Spiko US T-Bills Money Market Fund (USTBL) is ahead: availability (+20.8 display points).Scenario cost: Franklin OnChain U.S. Government Money Fund (FOBXX / BENJI) has no verified pricing for this scenario.
Janus Henderson Anemoy Treasury Fund (JTRSY)#4 of 8 · score 60 · 21.0 points behind
Spiko US T-Bills Money Market Fund (USTBL) leads on
- Regulator and registration number10 vs 2
- Published fee against fund yield8 vs 4
- Portfolio and liquidity rules8 vs 4
Janus Henderson Anemoy Treasury Fund (JTRSY) leads on
- Token as the share of record8 vs 6
Largest single reason Spiko US T-Bills Money Market Fund (USTBL) is ahead: published criteria (+20.8 display points).Scenario cost: Janus Henderson Anemoy Treasury Fund (JTRSY) has no verified pricing for this scenario.
Against #2
81 vs 77 · gap 4.0Why Spiko US T-Bills Money Market Fund (USTBL) ranks above Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)
DimensionThisFidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)Gap share
Availability · 23% weight14.014.0same
Published criteria · 35% weight19.117.4+4.4, better
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisFidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)Points
Token as the share of record · w3063+2.88, better
Portfolio and liquidity rules · w2089−0.64, worse
Net8177+4.0
Your scenario
Spiko US T-Bills Money Market Fund (USTBL) is not priced for this scenario
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your balance · your input$10k
Rate read from the provider’s published pricing ↗ on 27 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 8 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
8 of 8 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 27 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessHoldsrank #1 across every one-point re-run
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 27 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Token as the share of recordstrength 6 · weight 30Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Regulator and registration numberstrength 10 · weight 28Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Published fee against fund yieldstrength 8 · weight 22Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Portfolio and liquidity rulesstrength 8 · weight 20Report an error—27 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by Token as the share of record · 30% (Spiko US T-Bills Money Market Fund (USTBL) 6/10)Scored by Portfolio and liquidity rules · 20% (Spiko US T-Bills Money Market Fund (USTBL) 8/10)
- Regulatory failure (Spiko US T-Bills Money Market Fund (USTBL) 10/10): no licence where you are, or a forced market exit.Scored by Regulator and registration number · 28%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Published fee against fund yield (22%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- "The only fee for using Spiko is a 0.25% annual management fee on your deposited funds, deducted daily on a prorated basis. The interest you see each day is always shown after this fee has been deducted." The same FAQ adds "You also have no transaction fees on your deposits and withdrawals. Finally, you also have no custody fees." and the characteristics table reads "Minimum initial deposit $1" — Spiko T-Bills USD product page, fetched 27 September 2026. The page's current net yield renders only from JavaScript and is not in the served HTML.Spiko US T-Bills Money Market Fund (USTBL) — official pricing page ↗ · 27 September 2026
- Prices published in
- USDSpiko US T-Bills Money Market Fund (USTBL) — official pricing page ↗ · 27 September 2026
- Licences held
- European Union: Registration / authorisation
- Compliance level
- partial
- Regulatory note
- The product page states "Spiko T-Bills USD is a Money Market Fund approved by the French Financial Markets Authority (AMF)" and publishes the fund's own identifiers: ISIN "FR001400ODM9", "Official name Spiko US T-Bills Money Market Fund", "Domicile France", "Launch date 15/05/2024", "Supervisory authority French Financial Markets Authority (AMF)", with a "Verify approval" link into the AMF …
- Supported chains
- Arbitrum, Ethereum, Stellar, Polygon, Base
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- United States, Vietnam
- Operating limits
- Not published
- Availability note
- Spiko account documentation, unavailable countries (read 14 September 2026, https://
docs .spiko .io /documentation /account _management /unavailable _countries): "For regulatory reasons, we can onboard clients from all countries except the following ones:" The list includes the United States, Vietnam, Belarus, Bulgaria, Monaco, Russia, Ukraine, Iran and North Korea, among others.
Legal entity on file: Spiko, placed in 2 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Spiko US T-Bills Money Market Fund (USTBL): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
10 methodology entries
- 27 September 2026Current verified snapshot · methodology 2026.10.18Score 81, #1 of 8. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
- 16 September 2026
2026.09.15Dimension scores carry tenths, and eleven more categories are re-read from primary sources · platform-wide- changed Dimension scores resolve to tenths of a point (O-04b), and weightedTotal is rounded to six decimal places before the order is read. 518 published scores move across 107 categories that were not re-read; none of them moves by more than 4 points, and most move by 1.
- fixed 66 published scores change in the eleven re-read categories, against a verbatim source each. The largest moves are Reflexer RAI (−16), Beefy and Unrekt (−11), Aztec (−10) and Golem (+9) — all of them rows whose sources had moved since their last read.
- changed Published order moves in 38 of 119 categories and three #1s change: smart_contract_audits (Zellic → Certora) and travel_rule_compliance (Sumsub Travel Rule → CodeVASP) on the finer resolution, kyc_compliance (Veriff → Sumsub) on the re-read.
- added availabilitySource (O-04g): for a reader who states a country, a row whose availability in that country rests on a region tag its record gives no source for sorts below every sourced row. It is inert in every order published here, which states no country.
Methodology 2026.10.18, the same published run every visitor sees · receipt money_market_funds:spiko_ustbl:2026.10.18:e3f56b1d1fc8
Are you Spiko US T-Bills Money Market Fund (USTBL)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.