# Spiko US T-Bills Money Market Fund (USTBL)

<https://galactic.inc/analytics/ustbl/>

Data block: 26,238,003 (2026-10-21 02:32 UTC)

[Spiko](https://www.spiko.io/) · Money market · Ethereum · Arbitrum One · Polygon PoS · Base
- Price: $1.0993
- Market cap: $118.21M
- Supply: 107,534,013.23
- Holder addresses: 20
- Top 10 share: 100.0%
- Transfer volume (30d) · Ethereum: $42.01M

Spiko US T-Bills Money Market Fund (USTBL) is a tokenized share class of a short-term variable net asset value money market fund under EU law that invests in U.S. Treasury Bills and secured repurchase agreements. Across Ethereum, Arbitrum One, Polygon PoS and Base it has a combined supply of 107,534,013.23 tokens held by 20 addresses, for a market cap of $118.21M.

## Price sources

| Source | Value | Type | Estimated | Link | As of |
|---|---|---|---|---|---|
| Chainlink USTBL NAV | $1.0993 | On-chain read | No | [data.chain.link](https://data.chain.link/feeds/ethereum/mainnet/ustbl-nav) | 2026-10-21 |
| RWA.xyz | $1.0993 | Third party | No | [app.rwa.xyz](https://app.rwa.xyz/assets/USTBL) | 2026-10-21 |

## Supply by chain

| Chain | Supply | Holder addresses | Market cap | Data as of |
|---|---|---|---|---|
| Ethereum | 73,719,583.05 | 20 | $81.04M | [Block 26,238,003](https://etherscan.io/block/26238003) |
| Arbitrum One | 19,685,971.80 | — | $21.64M | [Block 516,784,514](https://arbiscan.io/block/516784514) |
| Polygon PoS | 12,575,351.39 | — | $13.82M | [Block 95,896,581](https://polygonscan.com/block/95896581) |
| Base | 1,553,106.99 | — | $1.71M | [Block 52,880,372](https://basescan.org/block/52880372) |
| Total | 107,534,013.23 | 20 | $118.21M |  |

## Backing

NAV as of 2026-10-16

### Token supply vs reported

| Comparison | Token supply | Reported | Gap | Ratio |
|---|---|---|---|---|
| Ethereum market cap vs fund net assets (all chains and share classes) | $81.04M | $165.00M | −$83.96M | 0.4912 |

### Token supply

| Ethereum, block 26,238,003 | USTBL |
|---|---|
| Tokens outstanding | 73,719,583.05 |
| Market cap (Ethereum) | $81.04M |

### Reported assets

| [Issuer report](https://data.spiko.io/ustbl/) | Reported |
|---|---|
| Fund net assets (all chains and share classes) | [$165.00M](https://data.spiko.io/ustbl/) |
| NAV per share | [$1.0994](https://data.spiko.io/ustbl/) |

## Key facts

- **Issuer:** [Spiko](https://www.spiko.io/)
- **Category:** Money market
- **Chains:** Ethereum, Arbitrum One, Polygon PoS, Base
- **Deployed · Ethereum:** 2024-04-19
- **Transfers (30d) · Ethereum:** 522
- **Transfer volume (30d) · Ethereum:** $42.01M
- **Data block · Ethereum:** [26,238,003](https://etherscan.io/block/26238003)

## Regulatory structure

As of 2026-10-18

- **Issuer legal entity:** [Spiko US T-Bills Money Market Fund, a sub-fund of Spiko SICAV](https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf)
- **Jurisdiction of issuer:** [France](https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf)
- **Regulatory framework / offering exemption:** [EU UCITS fund (Directive 2009/65/EC)](https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf)
- **Eligible investors:** [“All investors” (issuer wording)](https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf)
- **US persons:** [Not permitted (per issuer)](https://cdn.spiko.finance/legal_docs/EN/Prospectus_Spiko_SICAV_EN.pdf)

[Definitions and methodology](https://galactic.inc/analytics/ustbl/#regulatory-glossary)

## Contract control

| Holder | Roles | Type | Key use | Last rotated |
|---|---|---|---|---|
| **Ethereum** |  |  |  |  |
| [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | Upgrade admin | Multisig 3/6 | [Shared · 2 assets](https://galactic.inc/analytics/issuers/spiko/#k-ethereum-0x4eaa52b6280593a8820c45ce38f974290ae52cea) | Rotation history not availableSigners last changed: 2026-07-20 |
| [0x0000…0000](https://etherscan.io/address/0x0000000000000000000000000000000000000000) | Owner | Renounced | — | Rotation history not available |
| **Arbitrum One** |  |  |  |  |
| [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | Upgrade admin | Multisig 3/6 | [Shared · 2 assets](https://galactic.inc/analytics/issuers/spiko/#k-arbitrum-0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | Rotation history not availableSigners last changed: 2026-07-21 |
| [0x0000…0000](https://arbiscan.io/address/0x0000000000000000000000000000000000000000) | Owner | Renounced | — | Rotation history not available |
| **Polygon PoS** |  |  |  |  |
| [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | Upgrade admin | Multisig 3/6 | [Shared · 2 assets](https://galactic.inc/analytics/issuers/spiko/#k-polygon-0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | Rotation history not availableSigners last changed: 2026-07-21 |
| [0x0000…0000](https://polygonscan.com/address/0x0000000000000000000000000000000000000000) | Owner | Renounced | — | Rotation history not available |
| **Base** |  |  |  |  |
| [0x4eaa…2cea](https://basescan.org/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | Upgrade admin | Multisig 3/6 | [Shared · 2 assets](https://galactic.inc/analytics/issuers/spiko/#k-base-0x4eaa52b6280593a8820c45ce38f974290ae52cea) | Rotation history not availableSigner history not available |
| [0x0000…0000](https://basescan.org/address/0x0000000000000000000000000000000000000000) | Owner | Renounced | — | Rotation history not available |

## Role history

| Role | Key | Type | Added | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |
| Upgrade admin | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | Multisig | Earliest available state: 2026-10-20 | — | — | [EUTBL](https://galactic.inc/analytics/eutbl/) |
| Owner | [0x0000…0000](https://etherscan.io/address/0x0000000000000000000000000000000000000000) | Renounced | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0xd010…d6b8](https://etherscan.io/address/0xd01046472371168721e45dc357296683f026d6b8) | Single key | [2026-07-20](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) | 92 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0x75e0…746a](https://etherscan.io/address/0x75e0092e7d2c8d854fcf5334f95554852d62746a) | Single key | [2026-01-13](https://etherscan.io/tx/0x8c314352a661bc4683fd742c222f63c2c2e2bcbdee0a084f328682a108c912bf) | 280 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0x4d1d…d460](https://etherscan.io/address/0x4d1d9c5b5d9ca448194313d799de374f362bd460) | Single key | [2025-08-19](https://etherscan.io/tx/0x48f192ffe741abc5a51a9feb79801ccd26b6890169b5f978b83f66fb3c61b3fe) | 427 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0xda47…a5a2](https://etherscan.io/address/0xda47bd72438f11bef7cc54f18cd02426dd86a5a2) | Single key | [2024-12-29](https://etherscan.io/tx/0xa88259dcb0b9c7e32f85ccea9ca0e8bf82a5cb0ddb96f7b08d15d665e274fdf1) | 660 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0x4896…5949](https://etherscan.io/address/0x4896f23ff83242d8d4eb5fa1dedf8c57e9145949) | Single key | [2024-04-19](https://etherscan.io/tx/0x3948b44c5e804f3fa2a53c220b0a01ef63b0c568710e44ba08938494045bbcde) | 914 | [0xa6b7…6ab2](https://etherscan.io/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| Multisig signer 0x4eaa…2cea | [0xa6e0…4011](https://etherscan.io/address/0xa6e06dfe42064b7cd6dc902a62e74ca5bb574011) | Single key | [2024-04-19](https://etherscan.io/tx/0x3948b44c5e804f3fa2a53c220b0a01ef63b0c568710e44ba08938494045bbcde) | 914 | [0xa6b7…6ab2](https://etherscan.io/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| Signing threshold 0x4eaa…2cea | Threshold: 3 | — | [2025-09-25](https://etherscan.io/tx/0x8cabab64983e1ada1be54a9baa75b4b1fd12dc848f626c7ca0e73ea27cce647a) | 390 | — | — |
| **Arbitrum One** |  |  |  |  |  |  |
| Upgrade admin | [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | Multisig | Earliest available state: 2026-10-20 | — | — | [EUTBL](https://galactic.inc/analytics/eutbl/) |
| Owner | [0x0000…0000](https://arbiscan.io/address/0x0000000000000000000000000000000000000000) | Renounced | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x7843…a03e | [0x75e0…746a](https://arbiscan.io/address/0x75e0092e7d2c8d854fcf5334f95554852d62746a) | Single key | [2026-07-21](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) | 91 | [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | — |
| Multisig signer 0x7843…a03e | [0xd010…d6b8](https://arbiscan.io/address/0xd01046472371168721e45dc357296683f026d6b8) | Single key | [2026-07-21](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) | 91 | [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | — |
| Multisig signer 0x7843…a03e | [0xda47…a5a2](https://arbiscan.io/address/0xda47bd72438f11bef7cc54f18cd02426dd86a5a2) | Single key | [2025-08-19](https://arbiscan.io/tx/0xef6a67ae0fe7a3280a5f04588dba6ab11df29033f66803d94f2ce3e1a41d30a1) | 427 | [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | — |
| Multisig signer 0x7843…a03e | [0x4d1d…d460](https://arbiscan.io/address/0x4d1d9c5b5d9ca448194313d799de374f362bd460) | Single key | [2025-08-19](https://arbiscan.io/tx/0xef6a67ae0fe7a3280a5f04588dba6ab11df29033f66803d94f2ce3e1a41d30a1) | 427 | [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | — |
| Multisig signer 0x7843…a03e | [0xa6e0…4011](https://arbiscan.io/address/0xa6e06dfe42064b7cd6dc902a62e74ca5bb574011) | Single key | [2024-10-25](https://arbiscan.io/tx/0xd46dda4f7bf852b301b3f6e7ceed8674e7bac927331275bf8257ed207a71e1a1) | 725 | [0x4e1d…ec67](https://arbiscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Multisig signer 0x7843…a03e | [0x4896…5949](https://arbiscan.io/address/0x4896f23ff83242d8d4eb5fa1dedf8c57e9145949) | Single key | [2024-10-25](https://arbiscan.io/tx/0xd46dda4f7bf852b301b3f6e7ceed8674e7bac927331275bf8257ed207a71e1a1) | 725 | [0x4e1d…ec67](https://arbiscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Signing threshold 0x7843…a03e | Threshold: 3 | — | [2025-09-24](https://arbiscan.io/tx/0x9349b18825c8522c0f9fc78d72fbad3e2a771f37d58b661733182409727ccb10) | 391 | — | — |
| **Polygon PoS** |  |  |  |  |  |  |
| Upgrade admin | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | Multisig | Earliest available state: 2026-10-17 | — | — | [EUTBL](https://galactic.inc/analytics/eutbl/) |
| Owner | [0x0000…0000](https://polygonscan.com/address/0x0000000000000000000000000000000000000000) | Renounced | Earliest available state: 2026-10-17 | — | — | — |
| Multisig signer 0xa419…abd9 | [0x75e0…746a](https://polygonscan.com/address/0x75e0092e7d2c8d854fcf5334f95554852d62746a) | Single key | [2026-07-21](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) | 88 | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | — |
| Multisig signer 0xa419…abd9 | [0xd010…d6b8](https://polygonscan.com/address/0xd01046472371168721e45dc357296683f026d6b8) | Single key | [2026-07-21](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) | 88 | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | — |
| Multisig signer 0xa419…abd9 | [0x4d1d…d460](https://polygonscan.com/address/0x4d1d9c5b5d9ca448194313d799de374f362bd460) | Single key | [2025-08-19](https://polygonscan.com/tx/0x7acce3ed35fde24f6f3fa76e01ad8cd83afd4eef8b331c8581ebbe1e7b2ff943) | 424 | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | — |
| Multisig signer 0xa419…abd9 | [0xda47…a5a2](https://polygonscan.com/address/0xda47bd72438f11bef7cc54f18cd02426dd86a5a2) | Single key | [2024-12-27](https://polygonscan.com/tx/0x799704924adf7eb43edcfbe0a4380736a3436a54323fe19c902ca83b0d4325fa) | 659 | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | — |
| Multisig signer 0xa419…abd9 | [0x4896…5949](https://polygonscan.com/address/0x4896f23ff83242d8d4eb5fa1dedf8c57e9145949) | Single key | [2024-01-09](https://polygonscan.com/tx/0xc3ae76c8e4a729f231acd6a75864beb9bd29c3053d5098460f75aa5726dd7eb7) | 1,012 | [0xa6b7…6ab2](https://polygonscan.com/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| Multisig signer 0xa419…abd9 | [0xa6e0…4011](https://polygonscan.com/address/0xa6e06dfe42064b7cd6dc902a62e74ca5bb574011) | Single key | [2024-01-09](https://polygonscan.com/tx/0xc3ae76c8e4a729f231acd6a75864beb9bd29c3053d5098460f75aa5726dd7eb7) | 1,012 | [0xa6b7…6ab2](https://polygonscan.com/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| Signing threshold 0xa419…abd9 | Threshold: 3 | — | [2025-09-24](https://polygonscan.com/tx/0x7a5819da7ed6ca6dafd50bbd54761019699459bf301fd0fb216a37bf47e3948a) | 388 | — | — |
| **Base** |  |  |  |  |  |  |
| Upgrade admin | [0x4eaa…2cea](https://basescan.org/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | Multisig | Earliest available state: 2026-10-20 | — | — | [EUTBL](https://galactic.inc/analytics/eutbl/) |
| Owner | [0x0000…0000](https://basescan.org/address/0x0000000000000000000000000000000000000000) | Renounced | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0x4896…5949](https://basescan.org/address/0x4896f23ff83242d8d4eb5fa1dedf8c57e9145949) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0x4d1d…d460](https://basescan.org/address/0x4d1d9c5b5d9ca448194313d799de374f362bd460) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0x75e0…746a](https://basescan.org/address/0x75e0092e7d2c8d854fcf5334f95554852d62746a) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0xa6e0…4011](https://basescan.org/address/0xa6e06dfe42064b7cd6dc902a62e74ca5bb574011) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0xd010…d6b8](https://basescan.org/address/0xd01046472371168721e45dc357296683f026d6b8) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0x4eaa…2cea | [0xda47…a5a2](https://basescan.org/address/0xda47bd72438f11bef7cc54f18cd02426dd86a5a2) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Signing threshold 0x4eaa…2cea | Threshold: 3 | — | Earliest available state: 2026-10-20 | — | — | — |

**Past holders (14)**

| Role | Key | Type | Added | Removed | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |  |
| Multisig signer 0x4eaa…2cea | [0xe910…dcbb](https://etherscan.io/address/0xe9106c617d7180bf6badcfa5edc664b726c5dcbb) | Single key | [2026-01-13](https://etherscan.io/tx/0x8c314352a661bc4683fd742c222f63c2c2e2bcbdee0a084f328682a108c912bf) | [2026-07-20](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) | 188 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0x6c00…384d](https://etherscan.io/address/0x6c00be5d1013a5bca938ef6aa8f1e5e706ff384d) | Single key | [2025-08-19](https://etherscan.io/tx/0x48f192ffe741abc5a51a9feb79801ccd26b6890169b5f978b83f66fb3c61b3fe) | [2026-07-20](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) | 335 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0x8ebb…cf0b](https://etherscan.io/address/0x8ebbbc9524638082f5e168f3003311fe1b06cf0b) | Single key | [2024-12-29](https://etherscan.io/tx/0xa88259dcb0b9c7e32f85ccea9ca0e8bf82a5cb0ddb96f7b08d15d665e274fdf1) | [2025-02-13](https://etherscan.io/tx/0xe35cbdb1e555dfc3c119ac485d46e9a6f61efa49dd430957ffd552ba4cc304e6) | 46 | [0x4eaa…2cea](https://etherscan.io/address/0x4eaa52b6280593a8820c45ce38f974290ae52cea) | — |
| Multisig signer 0x4eaa…2cea | [0xe67d…5d35](https://etherscan.io/address/0xe67d2cbeae3090be017c66e7a6943961619a5d35) | Single key | [2024-04-19](https://etherscan.io/tx/0x3948b44c5e804f3fa2a53c220b0a01ef63b0c568710e44ba08938494045bbcde) | [2026-07-20](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) | 822 | [0xa6b7…6ab2](https://etherscan.io/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| Signing threshold 0x4eaa…2cea | Threshold: 2 | — | [2024-04-19](https://etherscan.io/tx/0x3948b44c5e804f3fa2a53c220b0a01ef63b0c568710e44ba08938494045bbcde) | [2025-09-25](https://etherscan.io/tx/0x8cabab64983e1ada1be54a9baa75b4b1fd12dc848f626c7ca0e73ea27cce647a) | 524 | [0xa6b7…6ab2](https://etherscan.io/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| **Arbitrum One** |  |  |  |  |  |  |  |
| Multisig signer 0x7843…a03e | [0x6c00…384d](https://arbiscan.io/address/0x6c00be5d1013a5bca938ef6aa8f1e5e706ff384d) | Single key | [2025-08-19](https://arbiscan.io/tx/0xef6a67ae0fe7a3280a5f04588dba6ab11df29033f66803d94f2ce3e1a41d30a1) | [2026-07-21](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) | 336 | [0x7843…a03e](https://arbiscan.io/address/0x7843225ba488cf780a4fe2c842b5dc2abcf8a03e) | — |
| Multisig signer 0x7843…a03e | [0xe67d…5d35](https://arbiscan.io/address/0xe67d2cbeae3090be017c66e7a6943961619a5d35) | Single key | [2024-10-25](https://arbiscan.io/tx/0xd46dda4f7bf852b301b3f6e7ceed8674e7bac927331275bf8257ed207a71e1a1) | [2026-07-21](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) | 634 | [0x4e1d…ec67](https://arbiscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| Signing threshold 0x7843…a03e | Threshold: 2 | — | [2024-10-25](https://arbiscan.io/tx/0xd46dda4f7bf852b301b3f6e7ceed8674e7bac927331275bf8257ed207a71e1a1) | [2025-09-24](https://arbiscan.io/tx/0x9349b18825c8522c0f9fc78d72fbad3e2a771f37d58b661733182409727ccb10) | 334 | [0x4e1d…ec67](https://arbiscan.io/address/0x4e1dcf7ad4e460cfd30791ccc4f9c8a4f820ec67) | — |
| **Polygon PoS** |  |  |  |  |  |  |  |
| Multisig signer 0xa419…abd9 | [0x6c00…384d](https://polygonscan.com/address/0x6c00be5d1013a5bca938ef6aa8f1e5e706ff384d) | Single key | [2025-08-19](https://polygonscan.com/tx/0x7acce3ed35fde24f6f3fa76e01ad8cd83afd4eef8b331c8581ebbe1e7b2ff943) | [2026-07-21](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) | 336 | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | — |
| Multisig signer 0xa419…abd9 | [0x8ebb…cf0b](https://polygonscan.com/address/0x8ebbbc9524638082f5e168f3003311fe1b06cf0b) | Single key | [2024-12-27](https://polygonscan.com/tx/0x799704924adf7eb43edcfbe0a4380736a3436a54323fe19c902ca83b0d4325fa) | [2025-02-17](https://polygonscan.com/tx/0x143f0ad38598aae6d7be4e5739c648750c8955849d339f52b39bb3f0b2dd8bd0) | 52 | [0xa419…abd9](https://polygonscan.com/address/0xa4196f06fe948b8ca81d3dc77110d3f83d10abd9) | — |
| Multisig signer 0xa419…abd9 | [0xe67d…5d35](https://polygonscan.com/address/0xe67d2cbeae3090be017c66e7a6943961619a5d35) | Single key | [2024-01-09](https://polygonscan.com/tx/0xc3ae76c8e4a729f231acd6a75864beb9bd29c3053d5098460f75aa5726dd7eb7) | [2026-07-21](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) | 924 | [0xa6b7…6ab2](https://polygonscan.com/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |
| Signing threshold 0xa419…abd9 | Threshold: 2 | — | [2024-08-25](https://polygonscan.com/tx/0x1234afe7ec35eb9feda538d4ed0ae3a7b5dbf53f7f30fa8d846fbd6e2564352c) | [2025-09-24](https://polygonscan.com/tx/0x7a5819da7ed6ca6dafd50bbd54761019699459bf301fd0fb216a37bf47e3948a) | 395 | — | — |
| Signing threshold 0xa419…abd9 | Threshold: 1 | — | [2024-08-16](https://polygonscan.com/tx/0xb632abeaa4c6aaf59a691736907cb3af6305ae35d84854d0c1c5b553616ac372) | [2024-08-25](https://polygonscan.com/tx/0x1234afe7ec35eb9feda538d4ed0ae3a7b5dbf53f7f30fa8d846fbd6e2564352c) | 9 | — | — |
| Signing threshold 0xa419…abd9 | Threshold: 2 | — | [2024-01-09](https://polygonscan.com/tx/0xc3ae76c8e4a729f231acd6a75864beb9bd29c3053d5098460f75aa5726dd7eb7) | [2024-08-16](https://polygonscan.com/tx/0xb632abeaa4c6aaf59a691736907cb3af6305ae35d84854d0c1c5b553616ac372) | 220 | [0xa6b7…6ab2](https://polygonscan.com/address/0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) | — |

No onchain log history is available on Base; those rows start from the earliest available state.

## Change log

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2026-07-21 14:04:02 | Arbitrum One | Signer added | 0xd010…d6b8 | [0x9660…e76f](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) |
| 2026-07-21 14:04:02 | Arbitrum One | Signer removed | 0xe67d…5d35 | [0x9660…e76f](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) |
| 2026-07-21 14:04:02 | Arbitrum One | Signer added | 0x75e0…746a | [0x9660…e76f](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) |
| 2026-07-21 14:04:02 | Arbitrum One | Signer removed | 0x6c00…384d | [0x9660…e76f](https://arbiscan.io/tx/0x966073e486c4df0a8d4632029949aa0d08d937b2f5244f297822b42d720de76f) |
| 2026-07-21 10:42:22 | Polygon PoS | Signer added | 0xd010…d6b8 | [0x0807…d292](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) |
| 2026-07-21 10:42:22 | Polygon PoS | Signer removed | 0xe67d…5d35 | [0x0807…d292](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) |
| 2026-07-21 10:42:22 | Polygon PoS | Signer added | 0x75e0…746a | [0x0807…d292](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) |
| 2026-07-21 10:42:22 | Polygon PoS | Signer removed | 0x6c00…384d | [0x0807…d292](https://polygonscan.com/tx/0x0807c73c5e5e764c2ca909515de49d79c4c4abc081075f41e4ca003addbfd292) |
| 2026-07-20 14:51:11 | Ethereum | Signer removed | 0xe67d…5d35 | [0x99e0…214b](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) |
| 2026-07-20 14:51:11 | Ethereum | Signer removed | 0x6c00…384d | [0x99e0…214b](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) |

**Show 31 earlier events**

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2026-07-20 14:51:11 | Ethereum | Signer added | 0xd010…d6b8 | [0x99e0…214b](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) |
| 2026-07-20 14:51:11 | Ethereum | Signer removed | 0xe910…dcbb | [0x99e0…214b](https://etherscan.io/tx/0x99e08de5a12465dc520086fa4185f12ef8b7950d23e0a93274eb56f8be4f214b) |
| 2026-01-13 13:15:35 | Ethereum | Signer added | 0x75e0…746a | [0x8c31…12bf](https://etherscan.io/tx/0x8c314352a661bc4683fd742c222f63c2c2e2bcbdee0a084f328682a108c912bf) |
| 2026-01-13 13:15:35 | Ethereum | Signer added | 0xe910…dcbb | [0x8c31…12bf](https://etherscan.io/tx/0x8c314352a661bc4683fd742c222f63c2c2e2bcbdee0a084f328682a108c912bf) |
| 2025-09-25 07:41:11 | Ethereum | Threshold changed | Threshold: 3 | [0x8cab…647a](https://etherscan.io/tx/0x8cabab64983e1ada1be54a9baa75b4b1fd12dc848f626c7ca0e73ea27cce647a) |
| 2025-09-24 15:06:25 | Polygon PoS | Threshold changed | Threshold: 3 | [0x7a58…948a](https://polygonscan.com/tx/0x7a5819da7ed6ca6dafd50bbd54761019699459bf301fd0fb216a37bf47e3948a) |
| 2025-09-24 15:05:33 | Arbitrum One | Threshold changed | Threshold: 3 | [0x9349…cb10](https://arbiscan.io/tx/0x9349b18825c8522c0f9fc78d72fbad3e2a771f37d58b661733182409727ccb10) |
| 2025-08-19 10:35:22 | Arbitrum One | Signer added | 0x4d1d…d460 | [0xef6a…30a1](https://arbiscan.io/tx/0xef6a67ae0fe7a3280a5f04588dba6ab11df29033f66803d94f2ce3e1a41d30a1) |
| 2025-08-19 10:35:22 | Arbitrum One | Signer added | 0x6c00…384d | [0xef6a…30a1](https://arbiscan.io/tx/0xef6a67ae0fe7a3280a5f04588dba6ab11df29033f66803d94f2ce3e1a41d30a1) |
| 2025-08-19 10:35:22 | Arbitrum One | Signer added | 0xda47…a5a2 | [0xef6a…30a1](https://arbiscan.io/tx/0xef6a67ae0fe7a3280a5f04588dba6ab11df29033f66803d94f2ce3e1a41d30a1) |
| 2025-08-19 10:32:02 | Polygon PoS | Signer added | 0x4d1d…d460 | [0x7acc…f943](https://polygonscan.com/tx/0x7acce3ed35fde24f6f3fa76e01ad8cd83afd4eef8b331c8581ebbe1e7b2ff943) |
| 2025-08-19 10:32:02 | Polygon PoS | Signer added | 0x6c00…384d | [0x7acc…f943](https://polygonscan.com/tx/0x7acce3ed35fde24f6f3fa76e01ad8cd83afd4eef8b331c8581ebbe1e7b2ff943) |
| 2025-08-19 10:27:23 | Ethereum | Signer added | 0x6c00…384d | [0x48f1…b3fe](https://etherscan.io/tx/0x48f192ffe741abc5a51a9feb79801ccd26b6890169b5f978b83f66fb3c61b3fe) |
| 2025-08-19 10:27:23 | Ethereum | Signer added | 0x4d1d…d460 | [0x48f1…b3fe](https://etherscan.io/tx/0x48f192ffe741abc5a51a9feb79801ccd26b6890169b5f978b83f66fb3c61b3fe) |
| 2025-02-17 16:17:55 | Polygon PoS | Signer removed | 0x8ebb…cf0b | [0x143f…8bd0](https://polygonscan.com/tx/0x143f0ad38598aae6d7be4e5739c648750c8955849d339f52b39bb3f0b2dd8bd0) |
| 2025-02-13 09:04:11 | Ethereum | Signer removed | 0x8ebb…cf0b | [0xe35c…04e6](https://etherscan.io/tx/0xe35cbdb1e555dfc3c119ac485d46e9a6f61efa49dd430957ffd552ba4cc304e6) |
| 2024-12-29 23:03:59 | Ethereum | Signer added | 0xda47…a5a2 | [0xa882…fdf1](https://etherscan.io/tx/0xa88259dcb0b9c7e32f85ccea9ca0e8bf82a5cb0ddb96f7b08d15d665e274fdf1) |
| 2024-12-29 23:03:59 | Ethereum | Signer added | 0x8ebb…cf0b | [0xa882…fdf1](https://etherscan.io/tx/0xa88259dcb0b9c7e32f85ccea9ca0e8bf82a5cb0ddb96f7b08d15d665e274fdf1) |
| 2024-12-27 19:14:09 | Polygon PoS | Signer added | 0xda47…a5a2 | [0x7997…25fa](https://polygonscan.com/tx/0x799704924adf7eb43edcfbe0a4380736a3436a54323fe19c902ca83b0d4325fa) |
| 2024-12-27 19:14:09 | Polygon PoS | Signer added | 0x8ebb…cf0b | [0x7997…25fa](https://polygonscan.com/tx/0x799704924adf7eb43edcfbe0a4380736a3436a54323fe19c902ca83b0d4325fa) |
| 2024-10-25 10:13:03 | Arbitrum One | Implementation upgraded | 0xa076…fc80 | [0xd4e7…bd7a](https://arbiscan.io/tx/0xd4e7fd482fbdc3b298f81dae8399cde63b084c9700174daf865897e0a4d8bd7a) |
| 2024-10-25 10:12:07 | Arbitrum One | Implementation upgraded | 0x3442…8472 | [0x8f94…30b6](https://arbiscan.io/tx/0x8f9440d3fbd17c078374707647c3390273428fa985fc1312ba651e46e00130b6) |
| 2024-10-25 09:43:54 | Arbitrum One | Multisig set up | Signers: 3 · threshold: 2 | [0xd46d…e1a1](https://arbiscan.io/tx/0xd46dda4f7bf852b301b3f6e7ceed8674e7bac927331275bf8257ed207a71e1a1) |
| 2024-08-25 16:42:48 | Polygon PoS | Threshold changed | Threshold: 2 | [0x1234…352c](https://polygonscan.com/tx/0x1234afe7ec35eb9feda538d4ed0ae3a7b5dbf53f7f30fa8d846fbd6e2564352c) |
| 2024-08-16 10:50:24 | Polygon PoS | Threshold changed | Threshold: 1 | [0xb632…c372](https://polygonscan.com/tx/0xb632abeaa4c6aaf59a691736907cb3af6305ae35d84854d0c1c5b553616ac372) |
| 2024-04-19 15:06:11 | Ethereum | Implementation upgraded | 0x15ea…5f74 | [0x728d…b69b](https://etherscan.io/tx/0x728d46f23e31b485d1a803dc6cc7b98196f2e59fab0d81d7e21a729435acb69b) |
| 2024-04-19 15:04:35 | Ethereum | Implementation upgraded | 0xd3f5…658e | [0x4569…95ff](https://etherscan.io/tx/0x4569df1f9ad212c285db5a8d04a6eb4d3ae879ad396bdaff9b6f970f07fe95ff) |
| 2024-04-19 13:38:14 | Polygon PoS | Implementation upgraded | 0x15ea…5f74 | [0x9589…79fd](https://polygonscan.com/tx/0x958995eb61d9ae70b717e979aa3c57a1024175465c3eb7f49ba1cb51442d79fd) |
| 2024-04-19 13:36:58 | Polygon PoS | Implementation upgraded | 0xd3f5…658e | [0x9412…3d49](https://polygonscan.com/tx/0x9412b83b4aeddf2d1408d31d95b5e062f4b5e43714e2cbc3e8f1e20f2a8a3d49) |
| 2024-04-19 12:05:35 | Ethereum | Multisig set up | Signers: 3 · threshold: 2 | [0x3948…bcde](https://etherscan.io/tx/0x3948b44c5e804f3fa2a53c220b0a01ef63b0c568710e44ba08938494045bbcde) |
| 2024-01-09 17:25:52 | Polygon PoS | Multisig set up | Signers: 3 · threshold: 2 | [0xc3ae…7eb7](https://polygonscan.com/tx/0xc3ae76c8e4a729f231acd6a75864beb9bd29c3053d5098460f75aa5726dd7eb7) |

## Leadership

- [Paul-Adrien Hyppolite](https://galactic.inc/analytics/people/paul-adrien-hyppolite/) · Co-Founder and Chief Executive Officer
- [Antoine Michon](https://galactic.inc/analytics/people/antoine-michon/) · Co-Founder and Chief Operating Officer

## Contracts

| Address | Asset |  |
|---|---|---|
| [0xe4880249745eac5f1ed9d8f7df844792d560e750](https://galactic.inc/analytics/ustbl/ethereum/0xe4880249745eac5f1ed9d8f7df844792d560e750/) | Spiko US T-Bills Money Market Fund USTBL | [Etherscan](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750) |
| 0x021289588cd81dC1AC87ea91e91607eEF68303F5 | Spiko US T-Bills Money Market Fund (Arbitrum One) | [Arbiscan](https://arbiscan.io/token/0x021289588cd81dC1AC87ea91e91607eEF68303F5) |
| 0xe4880249745eAc5F1eD9d8F7DF844792D560e750 | Spiko US T-Bills Money Market Fund (Polygon PoS) | [PolygonScan](https://polygonscan.com/token/0xe4880249745eAc5F1eD9d8F7DF844792D560e750) |
| 0xe4880249745eAc5F1eD9d8F7DF844792D560e750 | Spiko US T-Bills Money Market Fund (Base) | [BaseScan](https://basescan.org/token/0xe4880249745eAc5F1eD9d8F7DF844792D560e750) |

## Top 10 holders

| # | Address | Balance |
|---|---|---|
| 1 | [0xdd82875f0840aad58a455a70b88eed9f59cec7c7](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0xdd82875f0840aad58a455a70b88eed9f59cec7c7) (Ethereum) | 28,123,076.07 |
| 2 | [0x748d361eac241f0b4c2ea789609dea199949669d](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0x748d361eac241f0b4c2ea789609dea199949669d) (Ethereum) | 22,190,028.73 |
| 3 | [0xcabf4396050340fcc6383a54f4680b77973fc893](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0xcabf4396050340fcc6383a54f4680b77973fc893) (Ethereum) | 18,026,822.69 |
| 4 | [0xdb084ae0fa9ff14672bdf91cbdb16ff6a08707f6](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0xdb084ae0fa9ff14672bdf91cbdb16ff6a08707f6) (Ethereum) | 2,849,348.52 |
| 5 | [0xbd6ad96f51e8d732811587468d0e2f9efa55f605](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0xbd6ad96f51e8d732811587468d0e2f9efa55f605) (Ethereum) | 2,380,350.26 |
| 6 | [0xb30612580b9e02f72448de8d44e83d806751d381](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0xb30612580b9e02f72448de8d44e83d806751d381) (Ethereum) | 53,702.46 |
| 7 | [0x98dd43ddafafc0ab0f91808a4c127c62bbcc6749](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0x98dd43ddafafc0ab0f91808a4c127c62bbcc6749) (Ethereum) | 47,985.01 |
| 8 | [0x5bdd60e46b48caafc2497eccf5b668e50e38f718](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0x5bdd60e46b48caafc2497eccf5b668e50e38f718) (Ethereum) | 28,657.23 |
| 9 | [0xa40d89856520c246b503b814a06ebbfb3f2a1efa](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0xa40d89856520c246b503b814a06ebbfb3f2a1efa) (Ethereum) | 10,000.00 |
| 10 | [0x4dad6bbc98086ac5d9b225761dd77eb12a0dbb10](https://etherscan.io/token/0xe4880249745eac5f1ed9d8f7df844792d560e750?a=0x4dad6bbc98086ac5d9b225761dd77eb12a0dbb10) (Ethereum) | 4,172.36 |

## Frequently asked questions

**What is USTBL?**

USTBL is a tokenized share class of a short-term variable net asset value money market fund under EU law. It invests primarily in U.S. Treasury Bills, repurchase agreements secured by such securities, and cash.

**Who issues USTBL?**

The fund is issued by Spiko as a sub-fund of the Spiko SICAV.

**How is the USTBL price on this page determined?**

The price is derived from the USTBL NAV.

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