Skip to main content

For Stablecoin Issuers

European Union Regulatory Framework​

The MiCA regulation establishes specific requirements for e-money token (EMT) issuers regarding reserve asset management. The regulation mandates (Article 54):

  • A minimum of 30% of reserve assets must be held in bank deposits
  • The remaining reserve assets can be invested in secure, low-risk assets that:
    • Qualify as highly liquid financial instruments
    • Have minimal market, credit, and concentration risk
    • Are denominated in the same official currency as referenced by the e-money token (Article 38)

Spiko MMFs as EMT Reserve Assets​

The Spiko MMFs provide a regulatory-compliant solution for EMT reserve management.

  • They are EU-licensed short-term MMFs investing exclusively in T-Bills issued by investment-grade-rated governments.
  • They yield the risk-free rate on reserve assets while maintaining daily liquidity.

Global Accessibility​

While designed to meet EU regulatory standards, the Spiko MMFs can serve as premium reserve instruments for stablecoin issuers worldwide.

CONTACT US

For detailed information about integrating the Spiko MMFs into your reserve management strategy, contact us at contact@spiko.io.