“Can a MiFID-licensed startup use tokenization to become the default distribution layer for money market funds across European treasuries?”
Founded June 2023 as a European tokenized money market fund platform for businesses and individuals. Built on MiFID investment-firm license (not banking license) with CACEIS Bank (Crédit Agricole) as depositary/custodian and Amundi as asset manager, avoiding the sponsor-bank-BaaS model common in US fintech. Expanded from EUR/USD funds to GBP/CHF and Smart Cash (TRS-based) by 2026, and is building tokenized rails on Ethereum, Solana and Stellar to become a distribution/issuance infrastructure for internet-native financial instruments.
Spiko discloses CACEIS Bank, BNY Mellon and JPMorgan Chase as its banking providers, according to the Embedded Finance Index 2026.
Spiko does not disclose a bank charter of its own; its banking services are provided through CACEIS Bank, BNY Mellon and JPMorgan Chase.
Spiko was founded by Paul-Adrien Hyppolite and Antoine Michon and is founded in 2023, headquartered in Paris, France.
Spiko has raised $22M+ (Series A disclosed) in total (latest round: Series A, July 2025).
Get a read on where your own stack stands against Spiko and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.