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 74/100 on OnChain Benchmark's Verified Capital Trust Rating — Rated band — across four dimensions: disclosure quality 15/25, redemption liquidity 17/25, structural trust 17/25, and holder concentration 22/25 (methodology v1.2, as of Aug 26, 2026).
Verified Capital Trust Rating
OCB — 01
USTBL across four dimensions
Each dimension is scored out of 25, then multiplied by its weight and summed into the /100 composite — so the four dimension scores are a weighted, not a plain, sum. Last scored Aug 26, 2026 on methodology v1.2.
| Dimension | Score | Weight |
|---|---|---|
| Disclosure Quality | 15 / 25 | ×0.4 |
| Redemption Liquidity | 17 / 25 | ×0.9 |
| Structural Trust | 17 / 25 | ×1.4 |
| Holder Concentration | 22 / 25 | ×1.3 |
| CompositeΣ (score × weight) | 74 / 100 |
OCB — 02
OCB Instrument
Outstanding supply
OCB — 03
OCB Instrument
Rating history
OCB — 04
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)
Address confirmed active onchain.
Verified Jun 13, 2026· instrument_deployments registry — chain_id 1 - Disclosure Qualitycontract address95% confidence
Contract address verified on Arbitrum: 0x021289588cd81dC1AC87ea91e91607eEF68303F5 (Arbitrum deployment)
Address confirmed active onchain.
Verified Jun 13, 2026· instrument_deployments registry — chain_id 42161 - Holder Concentrationdata gap90% confidence
No holder concentration data available at time of scoring run.
This gap is re-checked on every scoring run and will close once verifiable data is available.
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.
Redemption profiles can change without notice; this is re-verified on every scoring cycle.
Verified Jun 13, 2026· norm_redemption_liquidity row observed 1d ago
OCB — 05
Key facts
- Issuer
- Spiko
- Asset class
- Tokenized U.S. Treasuries
- Tracked supply
- $142.95Mas of Aug 25, 2026
- Chains
- Ethereum · Polygon · Base · Arbitrum · Stellar
- Methodology
- v1.2
- Last scored
- Aug 26, 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.