Tokenized Money Market Fund Platform Spiko Raises $22 Million in Series A Funding, Led by Index Ventures

BlockBeats News, July 17th, according to TheBlock, tokenized currency market fund platform Spiko announced the completion of a $22 million Series A funding round, led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Bpifrance, and Blockwall.

Spiko plans to help European businesses earn cash daily interest through tokenized currency market funds, reducing the cash yield gap between Europe and the United States, with the asset under management expected to reach $1 billion by the end of this year.