Spiko Raises $90M To Make Idle Cash Earn Yield Nonstop

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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Tokenization Alone Will Not Solve Europe’s €10 Trillion Idle Cash Problem

Tokenization Alone Will Not Solve Europe’s €10 Trillion Idle Cash Problem, explore its impact on the crypto ecosystem, market trends, and current blockchain

• Europe faces a €10 trillion 'idle cash' problem, with low investment in capital markets primarily due to risk perception and lack of financial knowledge, not product availability.
• Tokenization offers efficiency gains for instruments like bank deposits and money market funds (backed by T-bills), but it does not inherently solve the underlying risk aversion or lack of financial literacy.
• Mobilizing this capital requires a holistic approach combining harmonized regulation, mature custody infrastructure, financial education, and trust, with tokenization serving as an efficiency layer rather than a complete solution.

Topics: Asset types, Legal regulatory, Scalability, Financial instruments, Securities law classification, Market depth liquidity

Tags: #tokenization #idlecash #europe #ecb #riskperception #financialliteracy #tokenizeddeposits #moneymarketfunds #stablecoins #regulatoryfragmentation

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