CACEIS has enabled clients to subscribe to the first French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. This marks the launch of CACEIS’ new custody architecture for tokenised financial instruments and crypto assets.
Spiko, a pioneering French fintech known for its blockchain-based fund unit tokenisation solution, and Twenty First Capital, manager of the Spiko SICAV, have chosen CACEIS to act as depositary and custodian of their tokenised money-market funds. Custody of the investors’ units on the blockchain is delivered using secure wallets that CACEIS, as custodian, makes available to clients. This tokenisation of a retail money-market fund with units issued on a public blockchain is thought to be the first of its kind in Europe.