The tokenization currency market fund platform Spiko has completed a $22 million Series A financing, led by Index Ventures.

According to Foresight News, The Block reported that the tokenization money market fund platform Spiko announced the completion of a $22 million Series A financing 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. Spiko focuses on providing tokenization currency market fund services for European enterprises, allowing users to earn daily returns by investing in low-risk assets such as Eurozone and U.S. Treasury bonds. The platform employs blockchain technologies like Ethereum and Arbitrum and has currently processed over 900 million dollars in liquidity. The company plans to collaborate with institutions like Memo Bank, aiming to surpass 1 billion dollars in asset management scale by 2025.