Tokenized money market fund platform Spiko completes $22.00 million Series A funding round led by Index Ventures
Powered by ChatGPTTokenized 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. In addition, well-known angel investors include Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, Blackstone co-chief information officer Lionel Assant, and the Pennylane founding team. 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, and expects assets under management to reach $1.00 billion by the end of this year. (The Block) [Odaily Planet Daily]