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

According to The Block, 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 Frst, Rerail, Bpifrance, and Blockwall, as well as 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 Group co-chief investment officer Lionel Assant. Spiko focuses on providing tokenized money market fund services to European companies, allowing users to earn daily returns by investing in low-risk assets such as Eurozone and U.S. Treasury bonds. The platform uses blockchain technology such as Ethereum and Arbitrum and has currently processed over $900 million in liquid funds. The company plans to partner with institutions such as Memo Bank, with the goal of exceeding $1.00 billion in assets under management by 2025. [Foresight News]