Spiko Partners with Concordium to Disintermediate $300B Trade Finance Market

Spiko, a European fintech offering regulated tokenized money market fund solutions, has entered a partnership with Concordium, a Layer 1 blockchain with a built-in identity verification protocol, to revolutionize the global trade finance sector. The collaboration aims to eliminate the need for escrow in a $300 billion market plagued by paper-based processes, slow settlements, and inefficient capital use. By leveraging Concordium’s programmable infrastructure and identity-verified network, Spiko enables instant, cross-border transfers of tokenized fund shares, allowing buyers and sellers to automate payments based on pre-agreed delivery milestones. This approach replaces traditional escrow accounts with smart logic and verified identities, ensuring that capital remains productive until it is needed for settlement [1].

The partnership follows Spiko’s recent $22 million Series A funding round and its $400 million AUM milestone, signaling strong investor confidence in the company’s mission to transform working capital management. The initiative initially targets large European sectors such as pharmaceuticals and oil, where deal sizes frequently exceed tens of millions of dollars. A memorandum of understanding has already been signed with a major trade finance partner, with plans to expand further into the $2.5 trillion global trade finance gap [1].

Unlike traditional blockchains that rely on complex smart contracts, Concordium operates with protocol-level asset issuance and control, significantly reducing the risk of exploits or mismanagement. The chain’s built-in identity layer ensures all participants are verified, enabling legally enforceable agreements and streamlined cross-border compliance [1].

Spiko’s tokenized money market funds hold short-term government debt from Eurozone countries and the U.S. Treasury. Since its 2024 launch, the platform has processed over $900 million in working capital, with a tokenized shareholder register that aligns with UCITS regulations. In just over a year, the firm has attracted more than 1,000 companies and institutions and now leads the tokenized money market space in terms of investor base [1].

This partnership marks a significant step toward modernizing trade finance, where regulatory compliance, real-world assets, and programmable execution can coexist within a single, automated pipeline. Spiko and Concordium aim to redefine the infrastructure for next-generation financial flows, enabling real-time, programmable settlements that align with the speed of information exchange [1].

Source: [1] Spiko and Concordium $CCD Partner to Eliminate Escrow and Transform $300B Trade Finance Market (https://coinmarketcap.com/community/articles/68936cb8ab50be4ae11935c4/)