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Founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, both former public sector executives, Spiko aims to transform the post-trade and securities services industry through tokenization.
In mid-2024, the fintech made headlines as the first European player to launch tokenized money market funds on a public blockchain—Ethereum—cementing its role as a pioneer in the tokenization and distribution of financial instruments.
Today, with over €220 million in assets under management and a client base of 700 companies, Spiko welcomes a new milestone: Bpifrance has subscribed—using its own balance sheet—to the Spiko Euro fund, a fully regulated, liquid investment product at the cutting edge of financial technology.
Exclusively invested in French Treasury Bills, the fund offers users daily interest on their cash holdings, full same-day liquidity, and seamless, borderless transferability of shares.
By tokenizing the fund’s shareholder registry, Spiko delivers unprecedented transparency into daily operations and investor distribution, enhances operational resilience, and unlocks new opportunities for centralized cash management and collateral optimization through the seamless transferability of fund shares.
The partnership with a top-tier financial institution like Bpifrance, subscribing with its own capital, is a strong vote of confidence in the regulatory, legal, financial, and technological strength of the product—and a clear signal of its commitment to supporting next-generation technologies like tokenization that are reshaping capital markets infrastructure and the asset management industry.
"Bpifrance’s subscription to the Spiko Euro fund aligns with our strategy to drive innovation in financial infrastructure. Spiko’s technology has real potential to optimize cash management—not just for individuals and startups, but also for French SMEs and mid-caps," said Arnaud Caudoux, Deputy CEO of Bpifrance.
"This partnership with Bpifrance highlights the institutional-grade nature of our products, combining the safety of traditional investments with the innovation of blockchain technology. Meeting the standards of major institutional investors like Bpifrance is a key milestone in our mission to accelerate the tokenization of financial and monetary infrastructure," said Paul-Adrien Hyppolite, co-founder and CEO of Spiko.
Juliette FONTANILLAS
06 72 76 08 09
juliette.fontanillas@bpifrance.fr
Paul-Adrien HYPPOLITE
01 59 06 86 47
contact@spiko.io
Bpifrance supports businesses at every stage of their growth—through loans, guarantees, and equity investment. It helps companies with their innovation and international expansion projects and also supports their export activities with a broad range of solutions. In addition, Bpifrance offers entrepreneurs a full suite of services including advisory, training programs, networking opportunities, and acceleration programs tailored to startups, SMEs, and mid-sized companies.
With 50 regional offices across France, Bpifrance provides entrepreneurs with a single, close, and efficient point of contact to help them tackle their challenges.
More information at: www.bpifrance.fr – https://presse.bpifrance.fr/
Follow us on X: @Bpifrance – @BpifrancePresse and on LinkedIn.
Spiko is a European fintech pioneer in the tokenization of financial instruments. The company is building an innovative platform that streamlines the issuance and distribution of financial products. Founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon, two former senior civil servants, Spiko now offers money market managers a comprehensive solution for fund issuance and on-chain registry management. At the same time, it provides companies, financial institutions, and individuals with both a user-friendly interface and robust APIs for simple, programmatic access to these products.
Paris, April 17, 2025 – Bpifrance is taking a major step forward in blockchain-based finance by announcing a subscription to the Spiko Euro money market fund—the first fully tokenized fund backed exclusively by French Treasury Bills.
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