Paris-based fintech startup Spiko has raised $22 million in a funding round led by Index Ventures, marking a major milestone for the fast-growing player in the tokenized money market fund (MMF) sector. High-profile angel investors in the round include Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, and Wise CTO Harsh Sinha.

Despite launching less than a year ago, Spiko has already amassed nearly $400 million in assets under management (AUM), placing it just outside the top five globally in tokenized MMFs. For comparison, fourth-ranked WisdomTree holds $489 million in AUM. Spiko’s stated goal of reaching $1 billion AUM by year’s end appears increasingly plausible given its rapid ascent. Continue reading French Startup Spiko Raises $22M as Tokenized Money Market Funds Take Off →