OCB — Trust Rating
USTBL Trust Rating
Spiko · AMF-regulated French UCITS tokenized U.S. Treasury bill money-market fund, audited quarterly by PwC.
USTBL (Spiko) scores 50/100 on OnChain Benchmark's Verified Capital Trust Rating — Limited band — across four dimensions: disclosure quality 1/25, redemption liquidity 17/25, structural trust 17/25, and holder concentration 8/25 (methodology v1.1, as of Jul 7, 2026).
Verified Capital Trust Rating
OCB — 01
USTBL across four dimensions
Each dimension contributes up to 25 points to the composite trust rating. Last scored Jul 7, 2026 on methodology v1.1.
| Dimension | Score |
|---|---|
| Disclosure Quality | 1 / 25 |
| Redemption Liquidity | 17 / 25 |
| Structural Trust | 17 / 25 |
| Holder Concentration | 8 / 25 |
| Composite | 50 / 100 |
OCB — 02
Evidence behind the rating
A sample of the verified facts behind USTBL's score. Each finding carries a confidence level; the full diligence trail is in the terminal.
- Disclosure Qualitycontract address95% confidence
Contract address verified on Ethereum: 0xe4880249745eAc5F1eD9d8F7DF844792D560e750 (primary deployment)
Verified Jun 13, 2026· instrument_deployments registry — chain_id 1 - Disclosure Qualitycontract address95% confidence
Contract address verified on Arbitrum: 0x021289588cd81dC1AC87ea91e91607eEF68303F5 (Arbitrum deployment)
Verified Jun 13, 2026· instrument_deployments registry — chain_id 42161 - Holder Concentrationdata gap90% confidence
No holder concentration data available at time of scoring run.
Verified Jun 13, 2026 - Redemption Liquidityredemption path85% confidence
Direct redemption path available (profile: institutional only). Direct path score: 17.0/25. No onchain liquidity depth recorded at time of scoring.
Verified Jun 13, 2026· norm_redemption_liquidity row observed 1d ago
OCB — 03
Key facts
- Issuer
- Spiko
- Asset class
- Tokenized U.S. Treasuries
- Chains
- Ethereum · Polygon · Base · Arbitrum
- Methodology
- v1.0
- Last scored
- Jul 7, 2026
- Rubric
- Verified Capital Trust Rating
The interactive terminal shows every verified fact behind USTBL's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.