ONCHAINBENCHMARKTerminal
Instruments/USTBL
Log in
⌂Terminal HomeResearch→

Workspace

Instruments

Account

Account

Site ↗

Methodology ↗Coverage ↗Issuers ↗Pipeline ↗
USTBLTokenized U.S. Treasuries·Spiko ↗·LiveAs of Oct 10, 2026···

Spiko US T-Bills Money Market Fund

Tokenized U.S. Treasury bill money-market fund distributed by Spiko, audited quarterly by PwC.

RWA Quality Rating
69/ 100
Developing+16 to Verified Capital (≥85)-5 pts / 30d
OCB — 01·Rating breakdown
Methodology v1.6 · Oct 10, 2026

USTBL across four dimensions

DisclosureLIMITING15 / 25
Liquidity17 / 25
Structure17 / 25
Concentration18 / 25
Gap to Verified Capital (≥85)+16

Signal readings

Disclosure tier
none
Attestation age
1 d
Attestations / 180d
42
Outstanding supply
$149.11M
Liquidity / supply
0.000%
Top-10 holder pct
74.2%
Custody verification
partial surface

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$149.11M

USTBL supply over time

USTBL · Spiko

Outstanding supply (USD)

USTBL outstanding supply is $149.11M as of Oct 10, 2026. -6.2% over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · USTBL · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
41 readings

USTBL quality rating since coverage began

USTBL · RWA Quality Rating

Composite rating (0–100)

USTBL rating is 69 as of Oct 10, 2026. -5 points over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · USTBL · onchainbenchmark.comUpdated daily
OCB — 04·Deployments

How this instrument's supply is distributed across chains

ChainShare of measured supply
ETHEthereum
53.1%
0xe48802…60e750Explorer ↗
XLMStellar
21.8%
CARUUX2F…76F4TO
ARBArbitrum
14.3%
0x021289…8303F5Explorer ↗
POLPolygon
9.4%
0xe48802…60e750Explorer ↗
BASEBase
1.3%
0xe48802…60e750Explorer ↗
OCB — 05·Coverage gaps + diligence

Where coverage is incomplete — and what could narrow it

Methodology

USTBL is scored across the same four dimensions as every other rated instrument in its class — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology ↗
OnChain Benchmark
Home ↗InstrumentsMethodology ↗Privacy ↗Terms ↗
Independent · Not investment advice
HomeInstrumentsResearchAccount