Spiko Announces $22.00 Million Series A Funding Round Led by Index Ventures

The fintech platform Spiko, which focuses on tokenized money market funds, has 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, Blockwall, and other institutions. Spiko was founded by former French Treasury officials Paul-Adrien Hyppolite and Antoine Michon, with the goal of bridging the gap in cash yields between Europe and the United States, providing companies with a daily yield solution without lock-ups. The platform utilizes blockchains such as Ethereum, Arbitrum, and Polygon to tokenize funds. [TheBlock]