Spiko raises $22 million to support European businesses with tokenized money market funds, targeting $1 billion in assets under management by year-end.
Spiko has raised $22 million in Series A funding led by Index Ventures, with contributions from White Star Capital and others. The platform aims to assist European businesses in earning daily cash interest through tokenized money market funds, addressing the cash yield gap. Spiko anticipates reaching $1 billion in assets under management by the end of this year.