The tokenized money market fund platform Spiko has completed a $22 million Series A financing round, led by Index Ventures

ChainCatcher news, according to The Block, the tokenized money market fund platform Spiko announced the completion of a $22 million Series A funding round, led by Index Ventures, with participation from institutions such as White Star Frst, Rerail, Bpifrance, and Blockwall, as well as angel investors including Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, and Blackstone co-CIO Lionel Assant.

It is reported that Spiko focuses on providing tokenized money market fund services for European enterprises, allowing users to earn daily returns by investing in low-risk assets such as eurozone and U.S. government bonds. The platform utilizes blockchain technologies such as Ethereum and Arbitrum, and has processed over $900 million in liquidity. The company plans to collaborate with institutions like Memo Bank, aiming to exceed $1 billion in assets under management by 2025.