Bpifrance has invested in Spiko Euro, a tokenized money market fund backed by French Treasury bonds, reinforcing its commitment to innovative financial technologies.

Information on the Target

Spiko, founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, is an innovative financial technology firm committed to revolutionizing the post-market industry and securities services through tokenization. With the launch of Spiko Euro, the first fully tokenized money market fund backed entirely by French Treasury bonds, Spiko is at the forefront of combining traditional finance with blockchain technology.

As of mid-2024, Spiko has garnered significant traction, boasting over €220 million in assets under management and serving a diverse clientele of 700 companies. With a focus on advancing the tokenization and distribution of financial instruments, the company has established itself as a pioneering player in Europe by launching tokenized money market funds on a public blockchain (Ethereum).

Industry Overview in France

The finance industry in France is increasingly adapting to technological advancements, particularly in the realm of blockchain and tokenization. The French government has recognized the potential of blockchain technology in enhancing transparency a