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Transfers & Redemptions

Technical Form​

The fund shares are issued as tokens:

  • USTBL is the share of the Spiko US T-Bills MMF
  • EUTBL is the share of the Spiko EU T-Bills MMF

These tokens implement the ERC-20 and ERC-1363 standards. The source code is publicly available here.

AVAILABLE NETWORKS

The Spiko Funds' shares are currently available on:

  • Ethereum
  • Polygon PoS

Allowlisted Wallets​

The Spiko Funds' shares can only be held in allowlisted addresses. When you make a deposit, your wallet address is automatically allowlisted before the fund shares are minted. To allowlist additional wallet addresses, go to the My Profile section on our platform.

Share Transfers​

USTBL and EUTBL are freely transferable between allowlisted addresses, just like any other ERC-20 token.

SECONDARY MARKET TRANSFERS

Secondary transfers require your wallet signature and are legally binding. When you sign a transfer using your private key to transfer shares to another person's wallet, you permanently transfer ownership of those fund shares.

On-chain Redemption​

While we recommend using our platform interface for redemptions, you can also execute them directly on-chain using the transferAndCall function with the following parameters:

transferAndCall(
    address RedemptionContractAddress,
    uint256 AmountOfTokensRedeemed,
    bytes abi.encode(
        address(0),
        bytes32 salt  // Include a unique random value
    )
)