Powered By Base: Spiko (CEO, Paul-Adrien Hyppolite)

If you think about it, access to yield is still a bit like a class system. So, we want to make yield universal and that's really our mission. I'm Paradri, co-founder and CEO of Spyo.

I'm Zen, director of marketing at base. Tell me um what's Spyco and what problem is it solving?

So, Spyro is essentially a treasury platform that enables anyone, businesses, individuals to put their cash to work in the most effective way possible. And the right way to think about it is like for all these businesses we provide super seamless simple access to cash funds. People businesses should have their own cash,

not necessarily lend that cash to a third party. Um have their own cash be in control of that cash. And we do that by building our own funds and offering an exceptional UX uh to interact to these funds namely to deposit cash and withdraw cash in and out of of these funds. So we've built an API uh which can be used by any financial platform to embed yield to offer yield to the clients.

So you started your career at the French Treasury.

Yep.

What did you learn there? What inspired you to to build Spyco?

Yeah. So at the time I was essentially responsible for the regulation of financial markets, equities, bonds, derivatives markets and I saw how inefficient the market infrastructure was. A lot of people were talking about innovation, tokenization, etc. But uh the legacy players were not moving very fast. That motivated me to start a company.

I had one co-founder in mind, Antoan. Yeah. We decided to quit the civil service and and Star Spike.

And how does the business look today in terms of metrics and growth?

So we have um at this very point in time $2.7 billion uh US uh in assets under management. We have done since launch uh close to 10 billion in volumes uh so in in effectively subscriptions, redemptions. So as a business I come to Spyro. Can you talk me through how the product works and the different offerings and what happens behind the scenes?

As a direct user you would typically onboard on Spyro. So we have an onboarding flow which is like a say fintech online async on boarding flow and the platform is a very simple one right. It enables you to deposit and withdraw technically to subscribe and to redeem funes across different products. We have a whole set of like features around them like uh the management of your different users on the platform, the accounting statements. Um, you can do things such as instant withdrawals, really like a treasury cash yield platform that you can use in a very simple way.

And what do you need crypto here for? Why couldn't you have built this 10 years ago?

We need to operate on infrastructure that are cheap and fast. And that's where B came in. Uh, for us, we decided to build our whole infrastructure on chain and specifically on public blockchains for a few reasons. One is just a pure sort of vision. Uh we think that payments and financial markets, capital markets will move onchain.

Once you start issuing money and financial instruments on blockchain, you have both cash and and this instruments living on the same database which is global which is always on 24/7 and this is not a database by which is owned by anyone, right? It's a sort of collective good. The other thing which I think is interesting is that blockchain provides a lot of transparency and this is very important in the space we operate in. It has a lot of value for CFOs and I'm not talking about crypto CFOs. I'm talking about regular CFOs, regular treasurers that just want to have transparency and understand quickly the products that they will potentially allocate money to.

What's next for SpyO? What's next is international expansion for us. We want to build a global business as fast as we can. growing from a French business to a panuropean one and eventually a global one. And I do think also that increasing number of traditional businesses will be equipped with wallets uh in the near future and use stable coins as well as part of the treasury workflows.

Thanks for coming in.

Thanks a lot for having me.