Spiko
Overview
Spiko is a Paris-based fintech company specializing in tokenized money market funds, aiming to close the cash yield gap between Europe and the United States. Founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, former officials with experience in the French Treasury and Palantir, Spiko targets businesses with idle cash deposits, enabling them to earn daily interest without compromising liquidity. The company has raised approximately $22 million in a Series A funding round, with key investments from Index Ventures, White Star Capital, and notable angel investors.
Recent Developments
- July 2025: Spiko secured $22 million in Series A funding led by Index Ventures, aiming to expand its operations in Europe and plan future US expansion. The funding is intended for sales, marketing, product development, and strategic partnership acquisitions. Source
- June 2025: Spiko integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance its tokenized money market funds, making them accessible across multiple blockchain networks and improving cross-chain fund transfers efficiency. Source
- January 2025: The company introduced tokenized U.S. and EU Treasury Bill Money Market Funds on the Arbitrum One blockchain, further bridging traditional finance with decentralized finance (DeFi) and broadening its service offerings. Source
- July 2024: The launch of Spiko’s tokenized money market funds garnered significant market traction, managing over $344 million in assets under management (AUM) within its first year. The company plans to reach $1 billion in AUM by year-end 2025. Source
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Paris, France |
| Founders | Paul-Adrien Hyppolite, Antoine Michon |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | Index Ventures, White Star Capital, Bpifrance |
| Industry | Fintech, Money Market Funds |
| Number of Employees | 9 |
Early History
Founded in 2023, Spiko was conceptualized by Paul-Adrien Hyppolite and Antoine Michon, leveraging their expertise in the French Treasury and Palantir. The company emerged to address the inefficiencies in European cash management, where substantial bank deposits sit idle without generating interest due to conservative banking practices. Spiko launched by providing a blockchain-based, tokenized platform to streamline access to money market funds. This innovation enabled European businesses, especially small and medium enterprises overlooked by traditional banks, to optimize cash yields akin to their U.S. counterparts.
Company Profile and Achievements
Spiko’s business model centers on the tokenization of money market funds, utilizing blockchain technology to remove traditional banking intermediaries and reduce transaction costs. Key achievements include:
- Groundbreaking Integration: Spiko became the first in Europe to offer tokenized money market funds compliant with the French Financial Markets Authority.
- Rapid Growth: Within a year, the company processed over $900M in working capital.
- Strategic Partnerships: Partnerships with Memo Bank and Fygr enabled expanded distribution channels for their products.
- Innovative Solutions: Utilizing Ethereum, Arbitrum, and Polygon, Spiko offers 24/7 cash-equivalent transfers, integrating stablecoin functionalities to cater to digital currency holdings.
Current Operations and Market Position
Spiko is actively working to democratize access to treasury yields, offering money market funds that provide daily interest with high liquidity. As of July 2025, Spiko operates primarily in Europe, capitalizing on an estimated $25 trillion in European bank deposits that remain largely underutilized for yield generation. The company's proprietary tokenization platform significantly lowers barriers to entry for smaller enterprises, thus enhancing market liquidity and efficiency. Their blockchain-ledger approach positions them favorably against competitors by offering lower costs and higher transparency.
Conclusion
Spiko's revolutionary approach to managing idle cash deposits and its strategic use of tokenization has set a new standard in the European fintech landscape. With substantial backing from renowned investors and a strong alignment with emerging DeFi trends, Spiko is poised to not only transform European cash management but also make inroads into the U.S. market. Its emphasis on providing businesses with seamless access to enhanced liquidity and yield opportunities enables it to remain a crucial player in the ongoing evolution of financial technology services.