Spiko raised a $90 million Series B led by New Enterprise Associates to expand its multi-currency tokenized cash fund platform, which already manages about $2.7 billion for more than 10,000 businesses across 25-plus jurisdictions.
- Spiko has raised $90 million in a Series B funding round led by New Enterprise Associates to expand its tokenized cash fund platform.
- The platform offers yield on idle cash across multiple currencies and blockchains, managing $2.7 billion for over 10,000 businesses.
- The funding signals growing comfort among European regulators and institutional investors with tokenized fund structures, despite competition and the inherent liquidity risks of money-market-adjacent products.
Topics: Asset types, Scalability, Institutional adoption, Stablecoins digital cash, Institutional capital inflows, Asset manager initiatives
Tags: #spiko #tokenizedcashfund #yield #idlecash #seriesb #nea #multicurrency #fintech #europe
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