Spiko Secures $22M to Advance Tokenized Money Market Funds

Spiko, a fintech platform specializing in tokenized money market fund infrastructure, announced raising $22 million in a Series A funding round on July 17, 2025, led by Index Ventures in Europe.

The funding highlights a growing institutional interest in tokenized real-world assets, potentially influencing future integrations with major blockchain protocols. This could reshape how traditional and decentralized finance sectors interact.

European Expansion and Investor Confidence

Spiko’s $22 million funding, led by Index Ventures, reflects significant interest in tokenized money market fund infrastructure in Europe. Other investors include White Star Capital, Frst, and Bpifrance. Paul-Adrien Hyppolite, Spiko’s co-founder, has emphasized the need for easier cash utilization, aiming to revolutionize European cash management. The new capital will bolster the scaling of Spiko’s platform and expand distribution efforts. Paul-Adrien Hyppolite noted,

“In Europe, there’s a mistaken belief that your money won’t earn interest unless you lock it away or take on risk. But as long as central bank rates are above zero, sitting on idle cash means European businesses are missing out on returns that US competitors routinely receive. With Spiko, we’re changing the game by making it easy for anyone to put their cash to work.”

The involvement of prominent venture capital firms and angel investors underscores institutional confidence in the fintech platform. Initiating with $400 million in assets under management during its first year, Spiko targets the euro-focused market, differentiating it from US-centric projects. The raised funds will especially aid in forming new fintech partnerships. Notable investors include Nikolay Storonsky and Harsh Sinha. This demonstrates a clear commitment to scaling the Spiko platform for tokenized money market funds.

Future Implications for Blockchain and Financial Assets

The financial implication centers on enhancing Spiko’s tokenization of traditional financial assets, potentially affecting the broader crypto market indirectly. While no immediate impact on ETH or BTC has been officially connected, the overall effect might stimulate the real-world asset (RWA) narrative, known historically to favor Ethereum as a settlement layer. This advancement could result in increased liquidity on blockchains supporting RWA protocols.

Any potential regulatory shifts remain uncertain, as no specific comments have been made by EU regulatory bodies related to this funding round. Historically, similar fund-raising events in the fintech and DeFi sectors prompted considerations from financial authorities over tokenization practices. Spiko’s growth might serve as a bellwether for European fintech approaches to tokenizing financial assets.