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

ChainCatcher News, according to The Block, tokenized money market fund platform Spiko has 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. It is reported that Spiko focuses on providing tokenized money market fund services for European companies, allowing users to obtain 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. [ChainCatcher]