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Investments & Redemptions

Investments​

Investment orders are directly initiated on Spiko’s web platform. Investment orders can be paid for:

  • in fiat via a bank transfer. By default, orders on a given Fund should be settled in the base currency of this Fund, meaning in EUR for the EU T-Bills MMF and in USD for the US T-Bills MMF. However, we can provide you with a FX service upon request.
  • in stablecoins via a partnering digital asset service provider. Please contact us at contact@spiko.finance for early access.

Once the Fund receives the cash corresponding to your investment, your tokens are minted on the wallet of your choice. This typically takes between 0 and 1 business days, depending on your bank.

Redemptions​

Redemption orders require an on-chain transaction to the redemption smart contract. You can perform this transaction :

  • Using our web platform. You will be required to connect your wallet and sign the redemption request.
  • On your own (i.e. on-chain). Details on the transaction are provided below.

You can redeem your shares either:

  • in fiat via a transfer to your bank account,
  • in stablecoins via a partnering digital asset service provider (please contact us at contact@spiko.finance for early access).

Redemptions usually take between 0 and 1 business days, depending on your bank.

On-chain redemptions​

Redemption requests are done on-chain using the transferAndCall function of the smart contract of the token redeemed. You need to include a random salt in your redemption request:

transferAndCall(address RedemptionContractAddress,
                uint256 AmountOfTokensRedeemed,
                bytes abi.encode(address(0),
                                bytes32 salt)
                )