- Trade finance capital can continue to generate returns for companies while locked in a transaction
- Initially, focus on European industries such as pharmaceuticals and oil, Concordium and Spiko will be addressing deal sizes exceeding tens of millions of dollars
- Partnership follows Spiko’s $22M raise and $400M AUM milestone, targeting programmable, real-time settlement across global supply chains
Spiko, Europe’s leading regulated tokenized money market fund provider, has partnered with Layer 1 blockchain Concordium to eliminate the need for escrow in global trade finance. A $300 billion market defined by outdated infrastructure, paper-heavy processes, and slow settlement, Concordium’s partnership enables organisations engaging in trade finance to maximise their capital.
Leveraging Concordium’s programmable infrastructure and identity-verified protocol, Spiko will power instant, cross-border transfers of tokenized fund shares. This enables buyers and sellers to automate payments based on pre-agreed delivery milestones, replacing third-party escrow accounts with smart logic, verified identities, and yield-generating capital that remains productive until settlement.
Unlike traditional escrowed funds, Concordium and Spiko’s partnership ensures capital does not remain idle. Funds held in tokenized money market funds continue to generate returns while locked, allowing capital to remain productive up until the exact moment it’s needed.
The solution launches with a focus on European industries such as pharmaceuticals and oil, where each deal sizes regularly exceed tens of millions of dollars. A memorandum of understanding has already been signed with a major trade finance partner, with future expansion planned to address the $2.5 trillion global trade finance gap.
“Trade finance is one of the few billion-dollar industries still relying on fax machines, emails, and dormant escrow accounts,” said Paul-Adrien Hyppolite, CEO of Spiko. “With Concordium, we’re enabling programmable settlement for the first time, payments that move at the speed of information, backed by regulated assets and verified participants.”.
Unlike traditional blockchains that rely on complex smart contracts, Concordium enables assets to be issued and controlled at the protocol level, significantly reducing the risk of exploits or mismanagement. It’s built-in ID layer ensures each participant is verified, allowing for legally enforceable agreements and streamlined cross-border compliance.
“One of the necessary pain points with trade finance is the need to set aside funds while a transaction is awaiting completion,” said Boris Bohrer-Bilowitzki, CEO of Concordium. “This partnership with Spiko will allow companies to maximise their capital during a transaction, and bring much-needed efficiencies in an otherwise outdated industry.”
Spiko launched in 2024 and has since processed over $900 million in working capital. Its tokenized money market funds hold short-term government debt from top-rated Eurozone countries and the U.S. Treasury. In just over a year, Spiko has surpassed $400 million in assets under management and recently raised $22 million from leading investors to accelerate its growth.
This collaboration positions Spiko and Concordium as core infrastructure for next-generation financial flows, where regulatory compliance, real-world assets, and programmable execution coexist in a single, automated pipeline.
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About Concordium
Concordium is a scalable Layer 1 blockchain that offers a unique identity layer at the protocol level to ensure verified and private user interactions enabled via zero-knowledge proof technology.
Founded in 2018, the research-backed chain enables Smart Money with programmable protocol-level tokens, advanced PayFi features like time releases and compliance controls, and secure ID-based geofencing for cross-border transactions, making it the chain of choice for enterprise-ready stablecoins looking for real-world adoption while adhering to new regulatory frameworks.
About Spiko
Spiko (www.spiko.io) is a Paris-based fintech reshaping cash management. In mid-2024, it launched the first UCITS-compliant Money Market Funds with a fully on-chain shareholder register.
Just a year in, Spiko has surpassed $400M in AUM and $1B in transaction volume, driven by strong organic growth and product-led momentum. With over 1,000 companies and institutions onboarded, Spiko now boasts the largest investor base in the tokenized money market space.
Its user interface and developer-friendly API make it easy for fintechs to integrate Spiko’s products seamlessly. Spiko is redefining what money market funds can be, offering 24/7 transferability of fund shares and pushing the boundaries of legacy infrastructure.
Its long-term vision: to drive innovation not just in MMFs, but across the entire landscape of financial instruments. The team recently announced a $22M Series A led by Index Ventures.
