Tokenized money market fund platform Spiko completes $22 million Series A financing, led by Index Ventures

According to Foresight News, citing The Block's report, tokenized money market fund platform Spiko has announced the completion of a $22 million Series A funding round, led by Index Ventures. White Star Frst, Rerail, Bpifrance, Blockwall, and other institutions, along with angel investors such as Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, and Blackstone's co-chief investment officer Lionel Assant, have also participated. Spiko focuses on providing tokenized money market fund services for European enterprises, allowing users to earn daily returns by investing in low-risk assets such as Eurozone and US Treasury bonds. The platform uses blockchain technologies like Ethereum and Arbitrum, and has already processed over $900 million in liquidity. The company plans to collaborate with institutions like Memo Bank, with the goal of managing over $1 billion in assets by 2025.