Tokenized money market fund platform Spiko completes $22.00 million Series A funding round led by Index Ventures

On July 17, TheBlock reported that tokenized money market fund platform Spiko announced the completion of a $22.00 million Series A funding round led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Bpifrance, and Blockwall.

Spiko plans to help European companies earn daily interest on cash through tokenized money market funds, narrowing the cash yield gap between Europe and the United States. It expects assets under management to reach $1.00 billion by the end of this year.