Spiko, the trailblazing platform for tokenized capital markets, just made a big move by adding support for the Base network. If you're into DeFi and real-world assets (RWAs), this is exciting news. They're bringing their U.S. and E.U. T-Bill Money Market Funds—think of these as the world's first tokenized UCITS funds—right onto Base. UCITS, by the way, stands for Undertakings for Collective Investment in Transferable Securities, which are basically regulated investment funds popular in Europe for their safety and transparency.

Base has been killing it lately when it comes to stablecoin adoption, especially with Circle's EURC and yield-generating tools from Morpho Labs. Spiko is building on that vibe by introducing regulated, yield-bearing collateral on-chain. This means users can now access stable, interest-earning assets in a decentralized way, with more products on the horizon.

What makes Spiko's money market funds stand out? They blend Web3 perks like self-custody of shares—where you hold your own assets without needing a middleman—with strict KYC verification for non-U.S. users. It's a smart way to make traditional finance more accessible in the crypto world while keeping things compliant.

The proof is in the pudding: Just days after the launch on Base, around $4 million worth of Spiko MMF shares have been minted, according to data from Token Terminal. That's some serious early traction!

This chart from Token Terminal breaks it down by chain. You can see Spiko's total value locked (TVL)—the amount of assets staked or invested in the protocol—climbing steadily. Base is the newest addition, starting from zero but quickly hitting over $3.8 million, contributing to a total TVL of $443 million across Arbitrum One, Polygon, Ethereum, and now Base. It's a visual reminder of how Spiko is scaling across layer-2 networks to reach more users with lower fees and faster transactions.

For blockchain enthusiasts and DeFi practitioners, this expansion signals a maturing ecosystem where tokenized real-world assets like T-Bills are becoming mainstream. If you're looking to dip your toes into yield-bearing stable assets, keep an eye on Spiko's updates—they're just getting started on Base.