OCB — Quality Rating · Tokenized treasuries
EUTBL Quality Rating
EUTBL (Spiko) scores 78/100 on OnChain Benchmark's RWA Quality Rating — rated Institutional-grade (methodology v1.6, as of Oct 10, 2026).
Latest onchain read Oct 10, 2026
Updated daily
Quality score
78
of 100 · Institutional-grade
Dimensions measured
4
of 4
Outstanding supply
$641.20M
as of Oct 10, 2026
Chains
6
with measured supply
Why EUTBL scores 78
The biggest gap in EUTBL's score is how its custody is verified.
Each dimension's score is multiplied by its weight and summed: 77.60 of a possible 100, rounded to 78.
Composite
78 / 100
| Dimension | Score |
|---|---|
Structural Trust Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. The top regulatory standing needs SEC registration with a PCAOB-registered auditor. An admin can upgrade the contract without a timelock, controlled by a standard multisig (such as 3-of-5). Upgrade factorCustody verified independently, with public reports. | 17 / 25 |
Redemption Liquidity Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it. Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25). | 17 / 25 |
Disclosure Quality There is no independent way to check the holdings. The latest attestation is 1 day old, with 42 in the last six months. Upgrade factorIndependent confirmation of this token's own holdings, at least monthly. | 15 / 25 |
Holder Concentration Full marks. | 25 / 25 |
OCB Instrument
Outstanding supply
Rating history
No change since Oct 10, 2026
EUTBL has held its 78/100 rating (Institutional-grade) with no change since Oct 10, 2026.
Rating changes
Each move and the dimension behind it
On record
0 rating actions · 1 methodology change
| Date | Type | Change |
|---|---|---|
| Sep 4, 2026 | Methodology update | Developing → Institutional-grade |
Key facts
Issuer, rubric and methodology
- Issuer
- Spiko
- Asset class
- Tokenized treasuries
- Rubric
- RWA Quality Rating
- Methodology
- v1.6
- Last scored
- Oct 10, 2026
- What it is
- Tokenized EU Treasury bill money-market fund distributed by Spiko, EUR-denominated.
Chains
Share of measured supply by chain
With measured supply
6
| Chain | Share of measured supply |
|---|---|
| Arbitrum | 43.3% |
| Stellar | 41.5% |
| Polygon | 7.8% |
| Ethereum | 4.2% |
| Base | 3.0% |
| Etherlink | 0.3% |
Evidence
Verified facts behind the rating
A sample of the verified facts behind EUTBL’s score. The full diligence trail is in the terminal.
Facts shown
2
| Dimension | Finding | Verified |
|---|---|---|
| Disclosure Quality | Contract address verified on Ethereum: 0xa0769f7A8fC65e47dE93797b4e21C073c117Fc80 (primary deployment) Address confirmed active onchain. | Jun 13, 2026 |
| Disclosure Quality | Contract address verified on Arbitrum: 0xcbeb19549054cc0a6257a77736fc78c367216ce7 (Arbitrum deployment) Address confirmed active onchain. | Jun 13, 2026 |
Cite this rating
Reference EUTBL’s rating
Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.
OnChain Benchmark (2026). EUTBL Quality Rating: 78/100 (Institutional-grade), as of Oct 10, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/eutbl
OnChain Benchmark (2026) 'EUTBL Quality Rating', OnChain Benchmark, Institutional-grade, 78/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/eutbl (Accessed: Oct 10, 2026).
@misc{ocb_eutbl_2026,
author = {{OnChain Benchmark}},
title = {{EUTBL Quality Rating}},
year = {2026},
note = {78/100, Institutional-grade, methodology v1.6},
url = {https://onchainbenchmark.com/instruments/eutbl}
}The interactive terminal shows every verified fact behind EUTBL's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.