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

On July 17, according to The Block, tokenized money market fund platform Spiko has completed 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. The platform aims to help European companies obtain daily cash returns through tokenized money market funds. The funding will be used to expand Spiko's tokenized money market fund business and provide European companies with more cash management options. [TechFlow]