Introducing Tokenized T-Bills on Arbitrum
- Spiko launches tokenized T-Bills on Arbitrum
- iDEGEN presale raises over $18.6M
- Spiko’s Tokenized T-Bills and iDEGEN AI
In a significant move, Spiko, a French fintech company, has introduced tokenized US and EU Treasury Bill Money Market Funds to the Arbitrum One blockchain. This initiative marks a crucial step towards merging traditional finance with decentralized finance (DeFi).
Spiko’s Integration of Traditional Finance with DeFi
Deploying its tokenized Money Market Funds on Arbitrum One, Spiko aims to bring institutional-grade investment assets into the blockchain ecosystem. These funds fall under the European Commission’s UCITS regulations, providing a compliant framework for mutual funds and enhancing trust and security for investors.
The US T-Bills fund has shown a growth of 8% over the past month, exceeding $50 million with an APY of 4.37%. Similarly, the EU fund has reached $95.1 million, growing by 10.9% within the same period.
Tokenizing Treasury Bills on Arbitrum not only brings traditional financial products to the crypto space but also democratizes access to investments previously limited to larger institutional investors. These funds offer liquidity and the ability to trade regulated financial instruments in a decentralized environment, bridging traditional finance with DeFi.
The Rise of Tokenized Treasury Assets
The market for tokenized Treasury assets is expanding, with players like Ondo Finance contributing to a $3.43 billion ecosystem. This growth reflects the increasing acceptance of blockchain as a platform for traditional financial instruments, potentially reshaping investment management and trading.
iDEGEN Presale and Community-Driven AI
The iDEGEN project has garnered attention for its unique approach to AI development, particularly its AI that learns from unmoderated interactions on X (formerly Twitter). This community-driven engagement model represents a novel experiment in AI evolution.
The iDEGEN presale, which raised $18.624 million with over 21,759 holders and 1.578 billion tokens sold, has also generated significant community engagement with 1.44 million impressions. This success story demonstrates how community involvement can enhance an AI’s intelligence through continuous learning from interactions.
As iDEGEN prepares for its exchange listing on February 27, the project exemplifies the potential of community-led initiatives in the crypto space, where participants are active contributors to the project’s growth and direction.