Bonds
Thesis
Non-dollar short-term cash diversifies currency exposure at low volatility, for investors whose spending or liabilities are in euros, sterling, or Asian currencies.
Risks
This is a currency bet as much as a rates bet, since a stronger dollar erodes returns in dollar terms. Euro and sterling yields differ from dollar cash, and the basket is mostly euro, so it is not a global cash proxy. Figures as of November 2026.
| Asset | Underlying | Instrument | Role | Side | Weight | 24h price | On the book | |
|---|---|---|---|---|---|---|---|---|
EURSA eurSAFO Spiko | Spiko Amundi Overnight Swap Fund (EUR) eurSAFO · Money market | A Tokenized fund | core | Long | 71.00% | ▲+0.01% XEON.DE | +0.01% | |
EUTBL EUTBL Spiko | Spiko EU T-Bills Money Market Fund EUTBL · Non-US government | A Tokenized fund | core | Long | 21.00% | ▲+0.03% C3M.PA | +0.01% | |
CAMMF CAMMF Libeara | ChinaAMC HKD Digital Money Market Fund Class A CAMMF · Money market | A Tokenized fund | core | Long | 4.00% | 0.00% 3053.HK | 0.00% | |
GBPSA gbpSAFO Spiko | Spiko Amundi Overnight Swap Fund (GBP) gbpSAFO · Money market | A Tokenized fund | beneficiary | Long | 2.00% | ▼-0.02% ERNS.L | -0.00% | |
AICRT AICRT Libeara | A&I CAMC RMB TMMF AICRT · Money market | A Tokenized fund | beneficiary | Long | 1.00% | — | — | |
UKTBL UKTBL Spiko | Spiko UK T-Bills Money Market Fund UKTBL · Non-US government | A Tokenized fund | beneficiary | Long | 1.00% | ▼-0.02% ERNS.L | -0.00% |