Spiko Secures $90 Million as Tokenized Cash Funds Reach…

AI summary of the source article

Spiko has raised $90 million in a Series B funding round led by New Enterprise Associates, bringing its total funding to $120 million alongside participation from Index Ventures, Bpifrance, and other investors. The London- and Paris-based fintech manages $2.7 billion in tokenized cash funds across euros, US dollars, sterling, and Swiss francs, with assets growing more than fivefold over the past year. Spiko intends to deploy the new capital to launch new funds, enter additional markets, and build local teams in Germany, Italy, Spain, the Netherlands, and the Nordic region. The company distributes regulated cash funds recorded across multiple public blockchains via web, mobile, and APIs.

Why it matters

The fundraise illustrates how real-world asset tokenization is shifting toward practical corporate treasury automation, allowing businesses to integrate yield-bearing money-market funds directly into blockchain-based payment and liquidity workflows.

Key facts

• Spiko raised $90 million in a Series B led by New Enterprise Associates, bringing total capital raised to $120 million.
• The firm manages $2.7 billion in tokenized cash funds across euros, dollars, sterling, and Swiss francs.
• More than 10,000 businesses and individuals across over 25 jurisdictions use Spiko's products directly or via API integrations.